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Talladega County FHA Loan Calculator

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

Loan Details

Talladega County, AL Benchmarks

FHA averages
Typical Property Value$217,117
Average Down Payment9.3%
Average Interest Rate6.120%
Effective Tax Rate0.29%
Median Tax Paid$544/yr
Tax Growth (Historical)+3.7%
Based on 496 regional loans totaling $95,800,000 (HMDA database).
$
%

$20,192 down · $196,925 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$52 / month

$

Annual premium

$

Per month

%

$83 / month

Estimated Monthly Payment

$1,503/mo

  • Principal & Interest$1,217
  • Property Tax$52
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$200,371

Total Interest

$237,687

Total of Payments

$438,059

*Includes financed FHA Upfront MIP of $3,446

Local Market Insights

Talladega County FHA Mortgage Overview

In Talladega County, the typical FHA homebuyer puts 9.28% down on a $217,117 property, supported by a high 90.72% loan-to-value ratio. This low entry point is ideal for buyers with sub-620 credit, but note that FHA Mortgage Insurance Premiums (MIP) remain for the loan’s life. The effective property tax rate of just 0.29% keeps monthly costs low, though the recent 3.7% inflation-adjusted increase means taxes will rise modestly. For those using an FHA loan down payment tool in Talladega County, AL, these MIP and tax factors are essential for true monthly affordability.

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.