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Mortgage Calculator &
Closing Costs: Council Bluffs, IA

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Council Bluffs, Iowa.

Median Home Price
$175K
Population
62K
Avg Monthly Rent
$880
Property Tax Rate
1.52%
Council Bluffs vs Iowa Median
The median home price in Council Bluffs is $175,000, which is 17% below the Iowa state median of $210,000.

Mortgage Calculator — Council Bluffs, IA

Pre-filled with Council Bluffs median home price and Iowa tax/insurance rates. Adjust for your property.

$
$35,000
%
%
years
IA avg
%
$
Monthly Payment (PITI)
$1,257
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$885
per month
Taxes & Insurance
$372
per month
Total Interest Paid
$179K
over 30 years
Total Loan Cost
$319K
all payments
Payment Breakdown
Loan Amount$140,000
Principal & Interest$885
Property Taxes$222
Homeowners Insurance$150
Total Monthly PITI$1,257

Closing Costs — Council Bluffs, IA

Estimated closing costs based on Iowa rates and fees applied to Council Bluffs prices.

$
%
Iowa: Avg closing costs 1.0% of price. Transfer tax: 0.16%.
Estimated Closing Costs
$8,141
4.7% of purchase price
Lender Fees
$1,685
origination, underwriting
Third-Party
$2,325
appraisal, title, inspection
Government Fees
$280
transfer taxes, recording
Prepaids + Escrow
$3,851
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,260
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,175
Recording Fee$150
Transfer Tax$280
Prepaid Taxes (3 mo)$665
Prepaid Insurance (12 mo)$1,800
Prepaid Interest (15 days)$421
Escrow Reserves$965
Total Closing Costs$8,141

Buying a Home in Council Bluffs, Iowa

The median home price in Council Bluffs is $175,000, 17% below the Iowa state median of $210,000. With a population of 62,230, Council Bluffs is a smaller market where home prices tend to be more accessible than in many parts of Iowa.

Property taxes in Iowa average 1.52% annually. This higher-than-average tax rate means a $175,000 home in Council Bluffs would carry roughly $222/month in property taxes alone — plan accordingly. Homeowners insurance in Iowa runs approximately $1,800 per year. This is within the normal range nationally.

Average rent in Council Bluffs is $880/month. The price-to-rent ratio in Council Bluffs is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Council Bluffs offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Iowa's IFA FirstHome program.

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