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Lowndes County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Lowndes County, AL Benchmarks

FHA averages
Typical Property Value$232,778
Average Down Payment12.0%
Average Interest Rate6.493%
Effective Tax Rate0.31%
$
%

$27,933 down · $204,845 financed

Estimated Monthly Payment

$1,613/mo

  • Principal & Interest$1,316
  • Property Tax$60
  • Home Insurance$150
  • FHA MIP$87
Amortization · Remaining Balance

Financed Loan Amount

$208,429

Total Interest

$265,347

Total of Payments

$473,776

*Includes financed FHA Upfront MIP of $3,585

Local Market Insights

Lowndes County FHA Mortgage Overview

For Lowndes County homebuyers, the typical FHA loan features an 11.99% down payment on a $232,778 property, requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. With an 88.01% Loan-to-Value ratio and 100% owner-occupied status, this data reflects standard primary residence purchases. The 6.493% rate and a 0.31% effective property tax rate, which saw a -0.6% inflation-adjusted decrease, enhance monthly affordability. When evaluating an FHA loan with PMI and taxes in Lowndes County, AL, this low tax burden offers a slight buffer against rising costs, reinforcing the market’s accessibility for entry-level buyers.

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.