CALCMONEY // MORTGAGE // IA // DAVENPORT
Calculate your monthly mortgage payment using Davenport-specific property tax rates and local market data.
$185,000
6.95%
1.53%
82
| Principal & Interest | $980 |
| Property Tax | $236 |
| Homeowners Insurance (est.) | $62 |
| Total Monthly Payment (PITI) | $1,277 |
$37,000
$204,686
$54,738/yr
Home prices in Davenport run 56% below the national median: $185,000 versus $420,000. Relative to the $56,000 median household income here, the price-to-income ratio comes out to 3.3x.
At a 1.53% effective rate, Davenport property taxes add $236 to the monthly payment on the median home, $2,831 a year in total.
Iowa levies a state income tax on top of the $1,277/month this mortgage runs. Model your real after-tax take-home before deciding how much payment you can carry.
Davenport's cost of living index is 82, below the 100 national baseline. That's on top of the housing numbers above, not instead of them.
Davenport's median home price runs 18% lower than nearby Des Moines: $225,000 there versus $185,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $148,000 loan saves $6,660 in interest over 30 years.
Compare Top Davenport Mortgage LendersDes Moines
$225,000 median
IACedar Rapids
$195,000 median
IASioux City
$175,000 median
IAIowa City
$265,000 median