Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Alabama>Escambia County (FHA)

Escambia County FHA Loan Calculator

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

Loan Details

Escambia County, AL Benchmarks

FHA averages
Typical Property Value$198,650
Average Down Payment11.0%
Average Interest Rate6.360%
Effective Tax Rate0.27%
Median Tax Paid$530/yr
Tax Growth (Historical)+6.0%
Based on 137 regional loans totaling $23,365,000 (HMDA database).
$
%

$21,852 down · $176,799 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$45 / month

$

Annual premium

$

Per month

%

$75 / month

Estimated Monthly Payment

$1,390/mo

  • Principal & Interest$1,121
  • Property Tax$45
  • Home Insurance$150
  • FHA MIP$75
Amortization · Remaining Balance

Financed Loan Amount

$179,892

Total Interest

$223,499

Total of Payments

$403,391

*Includes financed FHA Upfront MIP of $3,094

Local Market Insights

Escambia County FHA Mortgage Overview

In Escambia County, AL, the average 11.01% down payment on an FHA loan provides accessible entry, but note that Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of equity, ideal for buyers with sub-620 credit. With an 88.99% LTV ratio and 100% primary occupancy, this market favors owner-occupants. The effective property tax rate of 0.27% is low, but a 6.0% inflation-adjusted tax increase will modestly raise monthly costs. For those using an FHA mortgage with property taxes, the 6.360% average interest rate and low taxes keep long-term affordability manageable.

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.