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Pottawattamie County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Pottawattamie County, Iowa based on real HMDA transaction records.

Loan Details

Pottawattamie County, IA Benchmarks

FHA averages
Typical Property Value$234,733
Average Down Payment9.7%
Average Interest Rate6.484%
Effective Tax Rate1.32%
Median Tax Paid$3,067/yr
Tax Growth (Historical)+0.5%
Based on 413 regional loans totaling $85,095,000 (HMDA database).
$
%

$22,769 down · $211,964 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$258 / month

$

Annual premium

$

Per month

%

$90 / month

Estimated Monthly Payment

$1,858/mo

  • Principal & Interest$1,360
  • Property Tax$258
  • Home Insurance$150
  • FHA MIP$90
Amortization · Remaining Balance

Financed Loan Amount

$215,673

Total Interest

$274,059

Total of Payments

$489,732

*Includes financed FHA Upfront MIP of $3,709

Local Market Insights

Pottawattamie County FHA Mortgage Overview

For Pottawattamie County homebuyers using an FHA loan, the 9.66% weighted average down payment provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 90.34% loan-to-value ratio. This structure suits buyers with sub-620 credit scores seeking primary residence financing. The $234,733 average property value, combined with a 1.32% effective property tax rate and a 0.5% inflation-adjusted tax increase, raises true monthly affordability. When evaluating an FHA loan with PMI and taxes in Pottawattamie County, IA, the 6.484% average interest rate and these tax shifts are critical for long-term cost projections.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.