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Chilton County FHA Loan Calculator

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

Loan Details

Chilton County, AL Benchmarks

FHA averages
Typical Property Value$223,826
Average Down Payment8.8%
Average Interest Rate6.363%
Effective Tax Rate0.32%
Median Tax Paid$537/yr
Tax Growth (Historical)+9.0%
Based on 248 regional loans totaling $48,930,000 (HMDA database).
$
%

$19,697 down · $204,129 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$60 / month

$

Annual premium

$

Per month

%

$87 / month

Estimated Monthly Payment

$1,590/mo

  • Principal & Interest$1,294
  • Property Tax$60
  • Home Insurance$150
  • FHA MIP$87
Amortization · Remaining Balance

Financed Loan Amount

$207,702

Total Interest

$258,049

Total of Payments

$465,750

*Includes financed FHA Upfront MIP of $3,572

Local Market Insights

Chilton County FHA Mortgage Overview

Chilton County homebuyers using FHA loans benefit from the accessible 8.84% down payment on an average $223,826 property. However, with a 91.16% LTV ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s full term, making this ideal for owner-occupants with sub-620 credit. The 0.32% effective property tax rate is low, but the 9.0% inflation-adjusted tax increase will modestly raise monthly costs. For accurate budgeting with FHA loan down payment and property taxes in Chilton County, AL, factor in both MIP and this tax shift when assessing true affordability.

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.