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Wilcox County FHA Loan Calculator

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

Loan Details

Wilcox County, AL Benchmarks

FHA averages
Typical Property Value$192,368
Average Down Payment17.2%
Average Interest Rate6.392%
Effective Tax Rate0.25%
Median Tax Paid$319/yr
Tax Growth (Historical)+0.1%
Based on 19 regional loans totaling $2,785,000 (HMDA database).
$
%

$33,087 down · $159,281 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$40 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,270/mo

  • Principal & Interest$1,013
  • Property Tax$40
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$162,068

Total Interest

$202,498

Total of Payments

$364,566

*Includes financed FHA Upfront MIP of $2,787

Local Market Insights

Wilcox County FHA Mortgage Overview

For homebuyers in Wilcox County, AL, the 17.16% average down payment on FHA loans provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of this equity level. This FHA loan down payment profile, combined with an 82.84% loan-to-value ratio, makes it ideal for those with sub-620 credit scores. The effective property tax rate of just 0.25% and a minimal 0.1% inflation-adjusted tax increase keep monthly costs low when using an FHA mortgage with property taxes. With 100% owner-occupancy, this data reflects standard homebuyers, not investors, making Wilcox County FHA loan limits a stable choice for long-term 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.