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Dale County FHA Loan Calculator

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

Loan Details

Dale County, AL Benchmarks

FHA averages
Typical Property Value$191,703
Average Down Payment9.7%
Average Interest Rate6.556%
Effective Tax Rate0.28%
Median Tax Paid$457/yr
Tax Growth (Historical)+4.1%
Based on 182 regional loans totaling $30,430,000 (HMDA database).
$
%

$18,595 down · $173,108 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$45 / month

$

Annual premium

$

Per month

%

$73 / month

Estimated Monthly Payment

$1,388/mo

  • Principal & Interest$1,120
  • Property Tax$45
  • Home Insurance$150
  • FHA MIP$73
Amortization · Remaining Balance

Financed Loan Amount

$176,137

Total Interest

$227,159

Total of Payments

$403,296

*Includes financed FHA Upfront MIP of $3,029

Local Market Insights

Dale County FHA Mortgage Overview

For Dale County homebuyers, the 9.66% average down payment on an FHA loan provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of this equity level. The 90.34% Loan-to-Value ratio confirms this, making FHA ideal for those with sub-620 credit scores. The effective property tax rate of 0.28% is low, but the recent 4.1% inflation-adjusted tax shift will modestly increase monthly costs. When evaluating an FHA loan with PMI and taxes in Dale County, AL, or reviewing Dale County FHA loan limits, remember this data reflects 100% owner-occupied purchases, not investments.

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.