Mobile County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Mobile County, AL Benchmarks

FHA averages

Typical Property Value$239,404

Average Down Payment8.3%

Average Interest Rate6.161%

Effective Tax Rate0.43%

Median Tax Paid$888/yr

Tax Growth (Historical)+1.5%

Based on 2,484 regional loans totaling $532,710,000 (HMDA database).

Home Price

Down Payment

$19,871 down · $219,533 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

$86 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$93 / month

Estimated Monthly Payment

$1,691/mo

Principal & Interest$1,362
Property Tax$86
Home Insurance$150
FHA MIP$93

Amortization · Remaining Balance

Financed Loan Amount

$223,375

Total Interest

$267,057

Total of Payments

$490,432

*Includes financed FHA Upfront MIP of $3,842

Local Market Insights

Mobile County FHA Mortgage Overview

In Mobile County, the 8.33% average down payment on FHA loans provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity. With a 91.67% Loan-to-Value ratio, this data reflects 100% primary residences, not investments. The 0.43% effective property tax rate, adjusted upward by 1.5% for inflation, keeps monthly costs manageable. For those exploring FHA loan limits and tax calculators, this combination suits buyers with sub-620 credit scores, though MIP is a permanent cost.

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.