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Lawrence County FHA Loan Calculator

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

Loan Details

Lawrence County, AL Benchmarks

FHA averages
Typical Property Value$229,520
Average Down Payment11.7%
Average Interest Rate6.368%
Effective Tax Rate0.25%
Median Tax Paid$497/yr
Tax Growth (Historical)+5.0%
Based on 177 regional loans totaling $34,945,000 (HMDA database).
$
%

$26,854 down · $202,666 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$48 / month

$

Annual premium

$

Per month

%

$86 / month

Estimated Monthly Payment

$1,570/mo

  • Principal & Interest$1,286
  • Property Tax$48
  • Home Insurance$150
  • FHA MIP$86
Amortization · Remaining Balance

Financed Loan Amount

$206,213

Total Interest

$256,684

Total of Payments

$462,897

*Includes financed FHA Upfront MIP of $3,547

Local Market Insights

Lawrence County FHA Mortgage Overview

In Lawrence County, the 11.68% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 88.32% loan-to-value ratio. This structure, ideal for primary residences (100% occupancy), suits buyers with sub-620 credit scores. The 0.25% effective property tax rate is low, but a recent 5.0% inflation-adjusted tax shift will modestly increase true monthly affordability. When evaluating an FHA loan with PMI and taxes in Lawrence County, AL, or considering Lawrence County FHA loan limits, this low tax burden partially offsets the permanent MIP 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.