Alabama Mortgage Calculator
Estimate your monthly mortgage payment in Alabama based on the state median home price of $230K, a 0.41% property tax rate, and $2K/year homeowners insurance.
$46,000
AL avg
Principal & Interest
$1,163
per month
Taxes & Insurance
$242
per month
Total Interest Paid
$235K
over 30 years
Total Loan Cost
$419K
all payments
Payment Breakdown
Loan Amount$184,000
Principal & Interest$1,163
Property Taxes$79
Homeowners Insurance$163
Total Monthly PITI$1,405
Alabama Housing at a Glance
Median Home Price
$230K
Alabama statewide
Property Tax Rate
0.41%
$79/mo on median
Avg Closing Costs
$3K
1.4% of purchase price
Homeowners Insurance
$1,950/yr
$163/mo
Alabama First-Time Buyer Program
Alabama Housing Finance Authority Step Up
Down payment assistance: Up to $10,000 DPA