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Etowah County FHA Loan Calculator

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

Loan Details

Etowah County, AL Benchmarks

FHA averages
Typical Property Value$219,458
Average Down Payment9.5%
Average Interest Rate6.296%
Effective Tax Rate0.32%
Median Tax Paid$645/yr
Tax Growth (Historical)+7.0%
Based on 554 regional loans totaling $107,370,000 (HMDA database).
$
%

$20,849 down · $198,609 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$59 / month

$

Annual premium

$

Per month

%

$84 / month

Estimated Monthly Payment

$1,544/mo

  • Principal & Interest$1,251
  • Property Tax$59
  • Home Insurance$150
  • FHA MIP$84
Amortization · Remaining Balance

Financed Loan Amount

$202,085

Total Interest

$248,222

Total of Payments

$450,307

*Includes financed FHA Upfront MIP of $3,476

Local Market Insights

Etowah County FHA Mortgage Overview

Etowah County homebuyers using FHA loans are putting down 9.48% on average, with a property value of $219,458. This low down payment provides accessible entry, but mandates Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit. The 90.52% Loan-to-Value ratio reinforces this risk profile. The effective property tax rate of just 0.32% is a significant advantage, though the recent 7.0% inflation-adjusted tax increase will slightly raise monthly costs. For accurate projections, an FHA mortgage analysis with PMI and taxes in Etowah County, AL must account for this permanent MIP and the local tax shift to determine 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.