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DeKalb County FHA Loan Calculator

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

Loan Details

DeKalb County, AL Benchmarks

FHA averages
Typical Property Value$241,931
Average Down Payment11.1%
Average Interest Rate6.336%
Effective Tax Rate0.24%
Median Tax Paid$496/yr
Tax Growth (Historical)+5.1%
Based on 290 regional loans totaling $60,610,000 (HMDA database).
$
%

$26,854 down · $215,077 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$48 / month

$

Annual premium

$

Per month

%

$91 / month

Estimated Monthly Payment

$1,650/mo

  • Principal & Interest$1,360
  • Property Tax$48
  • Home Insurance$150
  • FHA MIP$91
Amortization · Remaining Balance

Financed Loan Amount

$218,841

Total Interest

$270,858

Total of Payments

$489,699

*Includes financed FHA Upfront MIP of $3,764

Local Market Insights

DeKalb County FHA Mortgage Overview

DeKalb County's FHA data reveals an accessible market for owner-occupants, with an 88.90% LTV ratio and an 11.10% down payment. This low down payment provides entry, but the FHA loan requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, unlike conventional loans where PMI can drop at 20% equity. The 0.24% effective property tax rate is low, yet the 5.1% inflation-adjusted increase adds to monthly costs. Prospective buyers using an FHA loan down payment tool in DeKalb County, Alabama must factor in both MIP and these rising taxes when evaluating affordability. The 100% primary occupancy rate confirms this is a stable market for homebuyers, not investors.

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.