Houston County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Houston County, AL Benchmarks

FHA averages

Typical Property Value$213,766

Average Down Payment8.8%

Average Interest Rate6.353%

Effective Tax Rate0.29%

Median Tax Paid$562/yr

Tax Growth (Historical)+2.1%

Based on 551 regional loans totaling $105,455,000 (HMDA database).

Home Price

Down Payment

$18,811 down · $194,955 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

$52 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$83 / month

Estimated Monthly Payment

$1,519/mo

Principal & Interest$1,234
Property Tax$52
Home Insurance$150
FHA MIP$83

Amortization · Remaining Balance

Financed Loan Amount

$198,366

Total Interest

$245,984

Total of Payments

$444,350

*Includes financed FHA Upfront MIP of $3,412

Local Market Insights

Houston County FHA Mortgage Overview

For Houston County homebuyers, the FHA loan's 8.76% average down payment provides accessible entry, but the 91.24% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the loan's life—ideal for those with sub-620 credit. The 0.29% effective property tax rate is remarkably low, but the 2.1% inflation-adjusted tax shift will modestly increase monthly costs. When evaluating an FHA mortgage with property taxes, this low tax burden helps offset the permanent MIP, making Houston County FHA loan limits particularly attractive for primary residence buyers seeking predictable 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.