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Sioux County FHA Loan Calculator

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

Loan Details

Sioux County, IA Benchmarks

FHA averages
Typical Property Value$267,000
Average Down Payment9.1%
Average Interest Rate6.590%
Effective Tax Rate1.08%
Median Tax Paid$2,801/yr
Tax Growth (Historical)-0.2%
Based on 35 regional loans totaling $8,215,000 (HMDA database).
$
%

$24,297 down · $242,703 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$240 / month

$

Annual premium

$

Per month

%

$103 / month

Estimated Monthly Payment

$2,069/mo

  • Principal & Interest$1,576
  • Property Tax$240
  • Home Insurance$150
  • FHA MIP$103
Amortization · Remaining Balance

Financed Loan Amount

$246,950

Total Interest

$320,244

Total of Payments

$567,194

*Includes financed FHA Upfront MIP of $4,247

Local Market Insights

Sioux County FHA Mortgage Overview

For Sioux County homebuyers using an FHA loan, the 9.10% average down payment and 90.90% loan-to-value ratio provide accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of equity. With a 6.59% interest rate on a $267,000 property, the 1.08% effective tax rate adds roughly $240 monthly. The recent -0.2% inflation-adjusted tax change offers slight long-term relief. This FHA loan down payment data, combined with PMI and taxes in Sioux County, IA, confirms a market favoring primary residences (100% occupancy) over investment properties.

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.