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Bibb County FHA Loan Calculator

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

Loan Details

Bibb County, AL Benchmarks

FHA averages
Typical Property Value$234,744
Average Down Payment8.2%
Average Interest Rate6.350%
Effective Tax Rate0.20%
Median Tax Paid$298/yr
Tax Growth (Historical)+6.7%
Based on 78 regional loans totaling $16,310,000 (HMDA database).
$
%

$19,249 down · $215,495 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$39 / month

$

Annual premium

$

Per month

%

$91 / month

Estimated Monthly Payment

$1,645/mo

  • Principal & Interest$1,364
  • Property Tax$39
  • Home Insurance$150
  • FHA MIP$91
Amortization · Remaining Balance

Financed Loan Amount

$219,266

Total Interest

$271,901

Total of Payments

$491,167

*Includes financed FHA Upfront MIP of $3,771

Local Market Insights

Bibb County FHA Mortgage Overview

In Bibb County, the 8.16% average down payment on FHA loans (with a 91.84% LTV) provides accessible entry for primary residence buyers, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life—ideal for those with sub-620 credit. The 6.350% rate and 0.20% effective property tax rate keep monthly costs manageable, though the 6.7% inflation-adjusted tax increase will slightly raise long-term affordability. When evaluating an FHA loan with PMI and taxes in Bibb County, AL, note that local FHA loan limits support the $234,743 average property value, making this market attractive for steady owner-occupied financing.

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.