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Baldwin County FHA Loan Calculator

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

Loan Details

Baldwin County, AL Benchmarks

FHA averages
Typical Property Value$322,885
Average Down Payment9.4%
Average Interest Rate5.807%
Effective Tax Rate0.29%
Median Tax Paid$960/yr
Tax Growth (Historical)+5.7%
Based on 1,779 regional loans totaling $511,785,000 (HMDA database).
$
%

$30,351 down · $292,534 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$78 / month

$

Annual premium

$

Per month

%

$124 / month

Estimated Monthly Payment

$2,100/mo

  • Principal & Interest$1,748
  • Property Tax$78
  • Home Insurance$150
  • FHA MIP$124
Amortization · Remaining Balance

Financed Loan Amount

$297,653

Total Interest

$331,765

Total of Payments

$629,419

*Includes financed FHA Upfront MIP of $5,119

Local Market Insights

Baldwin County FHA Mortgage Overview

In Baldwin County, the 9.42% average down payment on an FHA loan provides accessible entry for primary residence buyers, though mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life due to the 90.58% loan-to-value ratio. This FHA loan down payment profile is ideal for those with sub-620 credit. The effective property tax rate of 0.29% is low, but the 5.7% inflation-adjusted increase will modestly raise monthly costs for Baldwin County FHA mortgage calculations. Understanding these tax impacts is crucial when evaluating a Baldwin County FHA loan limits and tax scenario.

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.