Alabama Mortgage Calculator
Calculate your monthly mortgage payment using Alabama's average home price and property tax rate. Pre-filled with current Alabama data.
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Loan Details
$
0%50%
Estimated Monthly Payment
$1,300
Principal, Interest, Taxes, Insurance
Payment Breakdown
Principal & Interest$1,173
Property Tax (0.36%)$70
Homeowners Insurance$58
Total$1,300/mo
Loan Summary
Loan Amount$185,557
Total Interest Paid$236,667
Total Cost (P+I)$422,224
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Alabama Mortgage Notes
The average home price in Alabama is $231,946. This calculator uses Alabama's average property tax rate of 0.36%.
The FHA loan limit in Alabama is $472,030. If you're using the 3.5% FHA down payment option, ensure your loan amount stays within this limit.
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