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Blount County FHA Loan Calculator

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

Loan Details

Blount County, AL Benchmarks

FHA averages
Typical Property Value$246,494
Average Down Payment10.9%
Average Interest Rate6.313%
Effective Tax Rate0.27%
Median Tax Paid$523/yr
Tax Growth (Historical)-0.1%
Based on 308 regional loans totaling $65,840,000 (HMDA database).
$
%

$26,868 down · $219,626 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$55 / month

$

Annual premium

$

Per month

%

$93 / month

Estimated Monthly Payment

$1,683/mo

  • Principal & Interest$1,385
  • Property Tax$55
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$223,470

Total Interest

$275,013

Total of Payments

$498,482

*Includes financed FHA Upfront MIP of $3,843

Local Market Insights

Blount County FHA Mortgage Overview

Blount County homebuyers using FHA loans are achieving accessible entry with a 10.94% weighted average down payment on properties valued near $246,500. The 89.06% median loan-to-value ratio confirms this is a standard owner-occupied market, not investor-driven. However, FHA's mandatory Mortgage Insurance Premium (MIP) applies for the loan's life, regardless of this down payment, making it ideal for buyers with sub-620 credit scores. The effective property tax rate of 0.27% is exceptionally low, and the recent -0.1% inflation-adjusted tax shift further stabilizes monthly affordability. When evaluating an FHA loan with PMI and taxes in Blount County, AL, this tax environment offsets some MIP costs, keeping true monthly payments manageable for primary residents.

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.