Perry County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Perry County, AL Benchmarks

FHA averages

Typical Property Value$151,471

Average Down Payment17.4%

Average Interest Rate6.498%

Effective Tax Rate0.23%

Median Tax Paid$281/yr

Tax Growth (Historical)-16.1%

Based on 17 regional loans totaling $1,995,000 (HMDA database).

Home Price

Down Payment

$26,356 down · $125,115 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

$29 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$53 / month

Estimated Monthly Payment

$1,037/mo

Principal & Interest$805
Property Tax$29
Home Insurance$150
FHA MIP$53

Amortization · Remaining Balance

Financed Loan Amount

$127,305

Total Interest

$162,370

Total of Payments

$289,675

*Includes financed FHA Upfront MIP of $2,190

Local Market Insights

Perry County FHA Mortgage Overview

With a 17.41% down payment in Perry County, FHA loans provide accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life regardless of equity, ideal for buyers with sub-620 credit. The 82.59% loan-to-value ratio confirms this is owner-occupied financing. The 0.23% effective property tax rate is exceptionally low, and the recent -16.1% inflation-adjusted tax shift reduces monthly costs further, improving true affordability for those using a Perry County FHA loan down payment analysis. When evaluating Perry County FHA loan limits and property taxes, this tax relief offsets the permanent MIP burden.

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.