Greene County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Greene County, AL Benchmarks

FHA averages

Typical Property Value$166,429

Average Down Payment26.2%

Average Interest Rate6.436%

Effective Tax Rate0.24%

Median Tax Paid$444/yr

Tax Growth (Historical)+2.1%

Based on 14 regional loans totaling $1,610,000 (HMDA database).

Home Price

Down Payment

$43,604 down · $122,825 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$33 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

Not required at 20%+ down

Estimated Monthly Payment

$1,020/mo

Principal & Interest$785
Property Tax$33
Home Insurance$150
FHA MIP$52

Amortization · Remaining Balance

Financed Loan Amount

$124,974

Total Interest

$157,625

Total of Payments

$282,599

*Includes financed FHA Upfront MIP of $2,149

Local Market Insights

Greene County FHA Mortgage Overview

In Greene County, the average 26.16% down payment on an FHA loan far exceeds the standard 3.5% minimum, yet this strategy doesn't eliminate the mandatory Mortgage Insurance Premium (MIP) for the loan's life, a key factor for those using an FHA loan calculator with PMI and taxes in Greene County, AL. With a 73.84% loan-to-value ratio and 100% primary occupancy, the data shows buyers are putting significant equity down, likely to offset the 6.436% interest rate. The effective property tax rate of just 0.24% keeps monthly costs low, though the 2.1% inflation-adjusted tax change means slight future increases. For buyers exploring Greene County FHA loan limits and tax scenarios, this market offers accessible entry despite permanent MIP.

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.