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Randolph County FHA Loan Calculator

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

Loan Details

Randolph County, AL Benchmarks

FHA averages
Typical Property Value$227,955
Average Down Payment13.3%
Average Interest Rate6.301%
Effective Tax Rate0.27%
Median Tax Paid$452/yr
Tax Growth (Historical)+6.4%
Based on 133 regional loans totaling $25,565,000 (HMDA database).
$
%

$30,318 down · $197,637 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$51 / month

$

Annual premium

$

Per month

%

$84 / month

Estimated Monthly Payment

$1,530/mo

  • Principal & Interest$1,245
  • Property Tax$51
  • Home Insurance$150
  • FHA MIP$84
Amortization · Remaining Balance

Financed Loan Amount

$201,096

Total Interest

$247,006

Total of Payments

$448,102

*Includes financed FHA Upfront MIP of $3,459

Local Market Insights

Randolph County FHA Mortgage Overview

For Randolph County homebuyers, the 13.35% average down payment on an FHA loan provides accessible entry, particularly for those with sub-620 credit scores. However, with an 86.65% LTV ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, a key factor when using any Randolph County FHA loan calculator with PMI and taxes. The effective property tax rate of 0.27% is low, but the recent 6.4% inflation-adjusted tax shift will modestly increase monthly costs. All data reflects 100% primary residences, ensuring this analysis suits owner-occupants evaluating Randolph County FHA loan limits and tax impacts.

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.