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Limestone County FHA Loan Calculator

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

Loan Details

Limestone County, AL Benchmarks

FHA averages
Typical Property Value$297,774
Average Down Payment8.0%
Average Interest Rate5.746%
Effective Tax Rate0.32%
Median Tax Paid$900/yr
Tax Growth (Historical)+11.6%
Based on 931 regional loans totaling $252,825,000 (HMDA database).
$
%

$23,822 down · $273,952 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$79 / month

$

Annual premium

$

Per month

%

$116 / month

Estimated Monthly Payment

$1,972/mo

  • Principal & Interest$1,627
  • Property Tax$79
  • Home Insurance$150
  • FHA MIP$116
Amortization · Remaining Balance

Financed Loan Amount

$278,746

Total Interest

$306,861

Total of Payments

$585,607

*Includes financed FHA Upfront MIP of $4,794

Local Market Insights

Limestone County FHA Mortgage Overview

Limestone County's FHA market shows strong accessibility with a 7.96% down payment and 92.04% LTV, ideal for buyers with sub-620 credit. However, mandatory MIP applies for the loan's life, unlike conventional loans. The 0.32% property tax rate is low, but the 11.6% inflation-adjusted tax shift raises true monthly costs. For an FHA loan with PMI and taxes in Limestone County, AL, this data confirms affordable entry with steady tax obligations. The $297,774 average value and 5.746% rate reflect a stable, owner-occupied market.

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.