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Jackson County FHA Loan Calculator

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

Loan Details

Jackson County, AL Benchmarks

FHA averages
Typical Property Value$241,314
Average Down Payment13.9%
Average Interest Rate6.374%
Effective Tax Rate0.25%
Median Tax Paid$480/yr
Tax Growth (Historical)+3.7%
Based on 237 regional loans totaling $47,885,000 (HMDA database).
$
%

$33,543 down · $207,771 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$50 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,607/mo

  • Principal & Interest$1,318
  • Property Tax$50
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$211,407

Total Interest

$263,150

Total of Payments

$474,558

*Includes financed FHA Upfront MIP of $3,636

Local Market Insights

Jackson County FHA Mortgage Overview

In Jackson County, the 13.86% average down payment on FHA loans provides accessible entry for buyers, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of this equity level. With an 86.14% loan-to-value ratio and 100% primary occupancy, this data reflects standard homebuyers, not investors. The effective property tax rate of just 0.25% keeps monthly costs low, though the recent 3.7% inflation-adjusted tax increase will slightly raise true affordability. For those exploring FHA loan limits and tax impacts, this market remains budget-friendly for owner-occupants.

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.