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Tuscaloosa County FHA Loan Calculator

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

Loan Details

Tuscaloosa County, AL Benchmarks

FHA averages
Typical Property Value$267,321
Average Down Payment8.0%
Average Interest Rate6.038%
Effective Tax Rate0.31%
Median Tax Paid$795/yr
Tax Growth (Historical)+2.3%
Based on 1,185 regional loans totaling $287,525,000 (HMDA database).
$
%

$21,386 down · $245,935 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$69 / month

$

Annual premium

$

Per month

%

$104 / month

Estimated Monthly Payment

$1,830/mo

  • Principal & Interest$1,507
  • Property Tax$69
  • Home Insurance$150
  • FHA MIP$104
Amortization · Remaining Balance

Financed Loan Amount

$250,239

Total Interest

$292,191

Total of Payments

$542,431

*Includes financed FHA Upfront MIP of $4,304

Local Market Insights

Tuscaloosa County FHA Mortgage Overview

For Tuscaloosa County homebuyers using an FHA loan, the 8.02% average down payment and 91.98% LTV ratio highlight accessible entry, but FHA mandates Mortgage Insurance Premiums (MIP) for the loan’s life regardless of equity. With a 100% owner-occupancy rate and sub-620 credit profiles common, this structure suits first-time buyers. The 0.31% property tax rate is low, though the 2.3% inflation-adjusted tax shift slightly raises monthly costs. When evaluating an FHA loan with PMI and taxes in Tuscaloosa County, AL, note that the $267,320 average property value and 6.038% rate mean the lower down payment offsets long-term MIP expense.

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.