Dallas County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Dallas County, AL Benchmarks

FHA averages

Typical Property Value$173,443

Average Down Payment13.9%

Average Interest Rate6.414%

Effective Tax Rate0.36%

Median Tax Paid$392/yr

Tax Growth (Historical)-7.9%

Based on 122 regional loans totaling $17,310,000 (HMDA database).

Home Price

Down Payment

$24,109 down · $149,334 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$52 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$63 / month

Estimated Monthly Payment

$1,217/mo

Principal & Interest$951
Property Tax$52
Home Insurance$150
FHA MIP$63

Amortization · Remaining Balance

Financed Loan Amount

$151,948

Total Interest

$190,570

Total of Payments

$342,517

*Includes financed FHA Upfront MIP of $2,613

Local Market Insights

Dallas County FHA Mortgage Overview

In Dallas County, Alabama, the 13.86% average down payment on FHA loans provides accessible entry for primary residents, yet mandatory Mortgage Insurance Premiums (MIP) persist for the loan’s life regardless of equity, making this ideal for buyers with sub-620 credit scores. The 86.14% loan-to-value ratio confirms a low-risk profile for owner-occupied homes. With an effective property tax rate of 0.36% and a recent inflation-adjusted tax decrease of -7.9%, monthly affordability improves. When assessing an FHA loan with PMI and taxes in Dallas County, AL, these factors directly shape your true housing cost.

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.