Estimate Your Monthly Payment & Home Budget
Finding your dream home in Eastern Iowa starts with a solid plan. Use our mortgage calculator to explore different loan options and see how much home you can afford.
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Estimated monthly payment
| Payment Breakdown | |
|---|---|
| Principal & interest | - |
| Property tax | - |
| Home insurance | - |
| PMI | - |
Calculator disclaimer: This calculator provides estimates only and is not a guarantee of actual payment amounts. Interest rates, taxes, and insurance costs may vary. Contact us for personalized mortgage options and current rates. Get in touch with our mortgage team.
Understanding Your Estimate: Common Home Affordability Questions
Read these answers to learn how taxes and insurance change your monthly payment. Accurate figures help you set your home search budget.
How much home can you afford?
Lenders look at your debt to income ratio. Most programs allow up to 43 percent of your gross monthly income for total debt. Review your monthly bills to find a payment that fits your lifestyle.
What goes into your monthly mortgage payment?
Your total payment includes principal and interest. Property taxes and homeowners insurance also add to the cost. These four parts make up your PITI payment.
How much down payment do you need?
You can buy a home with as little as 3% down. A 20% down payment helps you avoid private mortgage insurance. Higher down payments lead to lower monthly costs.
What credit score do you need to buy a house?
Most loan programs require a minimum credit score of 580. Higher scores often lead to lower interest rates. Review your credit report for errors before you apply.
Current Rates
Today's Mortgage Rates in Iowa
Current rates for 15-year, 30-year, FHA, VA, and USDA home loans in Iowa.
For information about USDA, home construction, or FHA rates, contact FSB's Mortgage department at 319-730-6990 or fill out the form below.
Mortgage Calculator Disclosure
1Must be 18 or older to apply. All loans are subject to credit approval.
2Mortgage payment examples are based on a $150,000 loan with a minimum credit score of 740. Payment does not include taxes, insurance, or private mortgage insurance, if required as a condition of the loan. Actual terms and payment amounts vary based on each borrower’s unique situation. Other rates, terms and payment options are available.
3Rate is subject to change without notice. Contact FSB’s mortgage department for the most current rate. Loan term of 241-360 months/more than 20 years up to 30 years. Loan must be for a primary residence. Effective March 3, 2026; program runs until funds are exhausted.
†All rates are subject to change without notice. Actual rate may be higher based on credit history, occupancy, LTV and loan type. No discount points. The rates provided assume the purpose of the loan is to purchase a single family residence that will be used as a primary residence. FSB is not responsible for typographical errors or omissions.
‡As little as 3% down payment to purchase a home, with a loan amount of $125,000 or less and a credit score over 740. Contact a mortgage lender to see if you qualify for the HomeReady loan program.
Call FSB's Mortgage department for more information: 319-730-6990
