Poweshiek County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Poweshiek County, IA Benchmarks

FHA averages

Typical Property Value$197,759

Average Down Payment7.2%

Average Interest Rate6.380%

Effective Tax Rate1.11%

Median Tax Paid$2,563/yr

Tax Growth (Historical)+5.3%

Based on 29 regional loans totaling $5,215,000 (HMDA database).

Home Price

Down Payment

$14,239 down · $183,520 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$183 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$78 / month

Estimated Monthly Payment

$1,576/mo

Principal & Interest$1,166
Property Tax$183
Home Insurance$150
FHA MIP$78

Amortization · Remaining Balance

Financed Loan Amount

$186,732

Total Interest

$232,875

Total of Payments

$419,607

*Includes financed FHA Upfront MIP of $3,212

Local Market Insights

Poweshiek County FHA Mortgage Overview

In Poweshiek County, the typical FHA buyer puts down just 7.22% on a $197,759 home, leveraging a high 92.78% loan-to-value ratio. This low down payment provides accessible entry, but the FHA loan’s mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life, regardless of equity. The 1.11% effective property tax rate, with a 5.3% inflation-adjusted increase, adds roughly $183 monthly to true affordability. When evaluating an FHA mortgage with PMI and taxes in Poweshiek County, IA, this data confirms the market is dominated by primary residence buyers, not investors.

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.