Geneva County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Geneva County, AL Benchmarks

FHA averages

Typical Property Value$194,905

Average Down Payment9.0%

Average Interest Rate6.426%

Effective Tax Rate0.24%

Median Tax Paid$447/yr

Tax Growth (Historical)+13.5%

Based on 105 regional loans totaling $18,115,000 (HMDA database).

Home Price

Down Payment

$17,541 down · $177,364 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

$39 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$75 / month

Estimated Monthly Payment

$1,397/mo

Principal & Interest$1,132
Property Tax$39
Home Insurance$150
FHA MIP$75

Amortization · Remaining Balance

Financed Loan Amount

$180,467

Total Interest

$227,190

Total of Payments

$407,657

*Includes financed FHA Upfront MIP of $3,104

Local Market Insights

Geneva County FHA Mortgage Overview

Geneva County homebuyers using FHA loans benefit from a low 9.02% down payment, providing accessible entry despite the 90.98% loan-to-value ratio. Note that mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan, unlike conventional options. The effective property tax rate is a low 0.24%, but a recent 13.5% inflation-adjusted tax increase impacts true monthly affordability. With a 100% primary occupancy rate and average property value of $194,904.76, this data reflects standard owner-occupied purchases, not investments. For precise monthly costs, explore an FHA loan calculator with PMI and taxes in Geneva County, AL.

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.