Iowa Mortgage Calculator 2026
Iowa offers very affordable home prices — among the lowest in the Midwest — but buyers should be aware that property taxes are above the national average at 1.57%. Des Moines has emerged as a major insurance and financial services hub, providing stable, high-quality employment.
Calculate Your Iowa Mortgage Payment
Pre-filled with Iowa averages — adjust any value to match your situation.
= $42,000 down
Estimated Monthly Payment Breakdown
Based on $210,000 home price, 20% down, 30-year fixed at 7.25%.
Iowa Property Taxes & Income Tax
Iowa's 1.57% property tax rate is above the national average — on a $210,000 home, about $275/month. Iowa offers a Homestead Tax Credit for primary residences. The state income tax is being reformed toward a flat 3.9% rate by 2026, down from rates as high as 8.53%.
Iowa Homeowners Insurance
Iowa sits in the heart of Tornado Alley. The 2020 derecho caused billions in damage across the state. Annual insurance averages $1,300–$1,800. Flooding is a concern along the Missouri and Mississippi rivers. Budget $110–$150/month.
Iowa Housing Market Overview
Des Moines consistently ranks among the most affordable major metros in the nation while offering strong job opportunities in insurance, financial services, and tech. Cedar Rapids and the Quad Cities offer additional affordable options. Iowa has extensive USDA-eligible rural areas.
Frequently Asked Questions
What is the average mortgage payment in Iowa?
Based on Iowa's median home price of $210,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $1,538/month.
What is the conforming loan limit in Iowa?
The conforming loan limit in Iowa is $766,550. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.
Can I get a USDA loan in Iowa?
Yes — Iowa has USDA-eligible rural areas where qualifying buyers can purchase a home with zero down payment. Use the USDA eligibility map to check specific addresses.
Are VA loans available in Iowa?
Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in Iowa with no down payment and no PMI. The VA loan limit in Iowa is $766,550.
Iowa Loan Limits
Iowa Homebuyer Programs
Below-market interest rate mortgages with optional down payment assistance for first-time homebuyers in Iowa.
Learn more →