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Iowa Mortgage Calculator

Your monthly mortgage payment in Iowa, with Iowa's effective property tax rate (1.39%) built in, at this week's average rate. The calculator starts at the state's median home value, $208,000.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$1,535.37The answer

Monthly payment

$1,535.37

A $208,000 home with 20% down ($166,400 borrowed) at 7.18% over 30 years costs about $1,535 a month: $1,127 principal and interest plus $408 of tax, insurance and dues.

Principal and interest: $1,127.25
Tax, insurance, PMI and HOA: $408.12
Total interest over the loan: $239,411

Amortization by year: $166,400 at 7.18%

Year	Interest	Principal	Balance
1	$11,894.49	$1,632.53	$164,767.47
2	$11,773.34	$1,753.68	$163,013.79
3	$11,643.20	$1,883.82	$161,129.97
4	$11,503.40	$2,023.62	$159,106.35
5	$11,353.22	$2,173.79	$156,932.56
6	$11,191.91	$2,335.11	$154,597.45
7	$11,018.62	$2,508.40	$152,089.04
8	$10,832.47	$2,694.55	$149,394.49
9	$10,632.50	$2,894.52	$146,499.97
10	$10,417.70	$3,109.32	$143,390.65
11	$10,186.95	$3,340.07	$140,050.59
12	$9,939.09	$3,587.93	$136,462.65
13	$9,672.82	$3,854.20	$132,608.46
14	$9,386.80	$4,140.22	$128,468.24
15	$9,079.55	$4,447.47	$124,020.77
16	$8,749.50	$4,777.52	$119,243.26
17	$8,394.96	$5,132.06	$114,111.20
18	$8,014.11	$5,512.91	$108,598.29
19	$7,604.99	$5,922.03	$102,676.26
20	$7,165.51	$6,361.50	$96,314.76
21	$6,693.42	$6,833.59	$89,481.16
22	$6,186.30	$7,340.72	$82,140.44
23	$5,641.54	$7,885.48	$74,254.97
24	$5,056.35	$8,470.66	$65,784.30
25	$4,427.74	$9,099.28	$56,685.02
26	$3,752.48	$9,774.54	$46,910.48
27	$3,027.10	$10,499.92	$36,410.57
28	$2,247.90	$11,279.12	$25,131.45
29	$1,410.87	$12,116.15	$13,015.30
30	$511.72	$13,015.30	$0.00

Download the schedule (CSV)

This week's mortgage rates

Monthly payment in Iowa by home price (20% down, 7%, 30 years, 1.39% tax, $2,000 insurance)

Home price	Principal and interest	Property tax	Total
$100,000	$532	$116	$815
$160,000	$852	$186	$1,204
$210,000	$1,118	$244	$1,528
$310,000	$1,650	$360	$2,176
$420,000	$2,235	$488	$2,890

How this calculator works

As the mortgage calculator, with Iowa's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $2,897 ÷ median value $208,000.

Questions people ask

What is the mortgage payment on a median home in Iowa?

On $208,000 with 20% down at 7% over 30 years: about $1,107 principal and interest and $241 of property tax, $1,515 a month with $2,000 a year of insurance.

What is the median home value in Iowa?

$208,000 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Iowa?

The effective rate is 1.39%, a median $2,897 a year. See Iowa's property tax page for every county we cover.

How much income do I need for a median Iowa home?

Under the 28% guideline, about $64,936 a year for the payment above; Iowa's median household income is $75,059.

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Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.