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Coffee County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Coffee County, AL Benchmarks

FHA averages
Typical Property Value$222,052
Average Down Payment9.6%
Average Interest Rate6.490%
Effective Tax Rate0.30%
$
%

$21,317 down · $200,735 financed

Estimated Monthly Payment

$1,580/mo

  • Principal & Interest$1,290
  • Property Tax$56
  • Home Insurance$150
  • FHA MIP$85
Amortization · Remaining Balance

Financed Loan Amount

$204,248

Total Interest

$260,023

Total of Payments

$464,271

*Includes financed FHA Upfront MIP of $3,513

Local Market Insights

Coffee County FHA Mortgage Overview

For Coffee County homebuyers, the 9.64% average down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan due to the 90.36% loan-to-value ratio. This data reflects 100% primary residences, not investments. With an average property value of $222,052.05 and a 6.49% rate, the low 0.30% property tax rate offers monthly relief, though the 6.8% inflation-adjusted tax increase signals future cost creep. When evaluating an FHA loan with PMI and taxes in Coffee County, AL, the down payment structure suits buyers with sub-620 credit scores, but the permanent MIP is a key trade-off against the tax advantage.

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.