Barbour County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Barbour County, Alabama based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

Barbour County, AL Benchmarks

FHA averages

Typical Property Value$189,500

Average Down Payment12.0%

Average Interest Rate6.398%

Effective Tax Rate0.31%

Median Tax Paid$462/yr

Tax Growth (Historical)+8.0%

Based on 60 regional loans totaling $9,510,000 (HMDA database).

Home Price

Down Payment

$22,740 down · $166,760 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$49 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$71 / month

Estimated Monthly Payment

$1,331/mo

Principal & Interest$1,061
Property Tax$49
Home Insurance$150
FHA MIP$71

Amortization · Remaining Balance

Financed Loan Amount

$169,678

Total Interest

$212,407

Total of Payments

$382,085

*Includes financed FHA Upfront MIP of $2,918

Local Market Insights

Barbour County FHA Mortgage Overview

In Barbour County, FHA buyers leverage an 11.96% down payment on an average $189,500 property, providing accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, ideal for those with sub-620 credit. The 88.04% loan-to-value ratio confirms this, with 100% owner-occupied data. The 0.31% property tax rate is low, but an 8.0% inflation-adjusted tax shift will gradually increase monthly costs. For a precise FHA loan analysis with PMI and taxes in Barbour County, AL, or to explore Barbour County FHA loan limits and property taxes, our interactive tool provides tailored figures.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.