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Winston County FHA Loan Calculator

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

Loan Details

Winston County, AL Benchmarks

FHA averages
Typical Property Value$189,533
Average Down Payment13.7%
Average Interest Rate6.324%
Effective Tax Rate0.21%
Median Tax Paid$380/yr
Tax Growth (Historical)+1.5%
Based on 75 regional loans totaling $11,435,000 (HMDA database).
$
%

$25,966 down · $163,567 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$33 / month

$

Annual premium

$

Per month

%

$69 / month

Estimated Monthly Payment

$1,285/mo

  • Principal & Interest$1,032
  • Property Tax$33
  • Home Insurance$150
  • FHA MIP$69
Amortization · Remaining Balance

Financed Loan Amount

$166,429

Total Interest

$205,207

Total of Payments

$371,636

*Includes financed FHA Upfront MIP of $2,862

Local Market Insights

Winston County FHA Mortgage Overview

For Winston County homebuyers using an FHA loan, the 13.73% average down payment and 86.27% loan-to-value ratio provide accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. The 0.21% effective property tax rate is exceptionally low, though the recent 1.5% inflation-adjusted increase slightly raises monthly costs. With 100% primary occupancy, this data reflects owner-occupied purchases. An FHA loan down payment analysis in Winston County, Alabama, shows this market favors buyers with sub-620 credit scores, as MIP is permanent. For precise monthly estimates including PMI and taxes, review Winston County FHA loan limits and property tax data.

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.