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Clarke County FHA Loan Calculator

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

Loan Details

Clarke County, AL Benchmarks

FHA averages
Typical Property Value$196,507
Average Down Payment7.5%
Average Interest Rate6.385%
Effective Tax Rate0.28%
Median Tax Paid$396/yr
Tax Growth (Historical)-1.0%
Based on 73 regional loans totaling $13,235,000 (HMDA database).
$
%

$14,738 down · $181,769 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$46 / month

$

Annual premium

$

Per month

%

$77 / month

Estimated Monthly Payment

$1,427/mo

  • Principal & Interest$1,154
  • Property Tax$46
  • Home Insurance$150
  • FHA MIP$77
Amortization · Remaining Balance

Financed Loan Amount

$184,950

Total Interest

$230,653

Total of Payments

$415,603

*Includes financed FHA Upfront MIP of $3,181

Local Market Insights

Clarke County FHA Mortgage Overview

In Clarke County, Alabama, the 7.48% average down payment on FHA loans provides accessible entry for buyers, though mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity. With a 92.52% loan-to-value ratio and 100% primary occupancy, this market favors standard homebuyers, not investors. The 0.28% effective property tax rate and recent -1.0% inflation-adjusted tax change slightly reduce monthly costs. When evaluating an FHA loan with PMI and taxes in Clarke County, AL, or using a Clarke County FHA mortgage with property taxes, remember MIP is permanent—ideal for sub-620 credit scores seeking Clarke County FHA loan limits.

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.