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Lauderdale County FHA Loan Calculator

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

Loan Details

Lauderdale County, AL Benchmarks

FHA averages
Typical Property Value$245,907
Average Down Payment11.3%
Average Interest Rate6.243%
Effective Tax Rate0.32%
Median Tax Paid$757/yr
Tax Growth (Historical)+5.4%
Based on 496 regional loans totaling $105,170,000 (HMDA database).
$
%

$27,787 down · $218,120 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$66 / month

$

Annual premium

$

Per month

%

$92 / month

Estimated Monthly Payment

$1,673/mo

  • Principal & Interest$1,365
  • Property Tax$66
  • Home Insurance$150
  • FHA MIP$92
Amortization · Remaining Balance

Financed Loan Amount

$221,937

Total Interest

$269,485

Total of Payments

$491,421

*Includes financed FHA Upfront MIP of $3,817

Local Market Insights

Lauderdale County FHA Mortgage Overview

In Lauderdale County, the typical FHA buyer puts 11.29% down on a $245,907 home, well above the 3.5% minimum. This reduces the loan amount but triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, given the 88.71% LTV. The low 0.32% property tax rate keeps monthly costs manageable, though a 5.4% inflation-adjusted increase is a factor. For an FHA loan with PMI and taxes in Lauderdale County, AL, this down payment pattern reflects buyers prioritizing lower monthly risk over avoiding lifetime MIP, ideal for sub-620 credit profiles. All data reflects primary residences, not investments.

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.