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Coosa County FHA Loan Calculator

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

Loan Details

Coosa County, AL Benchmarks

FHA averages
Typical Property Value$233,519
Average Down Payment13.5%
Average Interest Rate6.277%
Effective Tax Rate0.20%
Median Tax Paid$315/yr
Tax Growth (Historical)+0.8%
Based on 27 regional loans totaling $5,305,000 (HMDA database).
$
%

$31,525 down · $201,994 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$39 / month

$

Annual premium

$

Per month

%

$86 / month

Estimated Monthly Payment

$1,544/mo

  • Principal & Interest$1,269
  • Property Tax$39
  • Home Insurance$150
  • FHA MIP$86
Amortization · Remaining Balance

Financed Loan Amount

$205,529

Total Interest

$251,487

Total of Payments

$457,016

*Includes financed FHA Upfront MIP of $3,535

Local Market Insights

Coosa County FHA Mortgage Overview

In Coosa County, the 13.51% average down payment for FHA loans provides accessible entry for buyers, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of this equity level—ideal for those with sub-620 credit. The 86.49% loan-to-value ratio confirms this is a lower-equity, owner-occupied market (100% primary occupancy). With an effective property tax rate of just 0.20% and a modest 0.8% inflation-adjusted tax shift, monthly affordability remains stable. For those using an FHA loan calculator with PMI and taxes in Coosa County, AL, or evaluating Coosa County FHA loan limits and tax calculator data, the low tax burden offsets the permanent MIP cost.

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.