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Alabama Mortgage Calculator

Your monthly mortgage payment in Alabama, with Alabama's effective property tax rate (0.38%) built in, at this week's average rate. The calculator starts at the state's median home value, $209,900.

A $210,000 home with 20% down ($168,000 borrowed) at 7.28% over 30 years costs about $1,382 a month: $1,149 principal and interest plus $232 of tax, insurance and dues.

Monthly payment
$1,381.77
Principal and interest
$1,149.48
Tax, insurance, PMI and HOA
$232.29
Total interest over the loan
$245,812
Loan balance and interest paid over 30 years at 7.28%$0$50k$100k$150k$200k$250k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $168,000 at 7.28%
YearInterestPrincipalBalance
1$12,177.17$1,616.55$166,383.45
2$12,055.48$1,738.24$164,645.20
3$11,924.62$1,869.10$162,776.11
4$11,783.92$2,009.80$160,766.31
5$11,632.62$2,161.10$158,605.21
6$11,469.94$2,323.78$156,281.43
7$11,295.01$2,498.71$153,782.72
8$11,106.91$2,686.81$151,095.90
9$10,904.65$2,889.07$148,206.83
10$10,687.16$3,106.56$145,100.27
11$10,453.30$3,340.42$141,759.85
12$10,201.84$3,591.88$138,167.97
13$9,931.45$3,862.27$134,305.70
14$9,640.70$4,153.02$130,152.68
15$9,328.06$4,465.66$125,687.02
16$8,991.89$4,801.83$120,885.19
17$8,630.42$5,163.30$115,721.89
18$8,241.73$5,551.99$110,169.90
19$7,823.78$5,969.94$104,199.96
20$7,374.37$6,419.35$97,780.62
21$6,891.13$6,902.59$90,878.03
22$6,371.51$7,422.21$83,455.82
23$5,812.78$7,980.94$75,474.87
24$5,211.98$8,581.74$66,893.13
25$4,565.95$9,227.76$57,665.37
26$3,871.30$9,922.42$47,742.95
27$3,124.35$10,669.37$37,073.58
28$2,321.17$11,472.55$25,601.03
29$1,457.53$12,336.19$13,264.84
30$528.88$13,264.84$0.00

This week's mortgage rates →

Monthly payment in Alabama by home price (20% down, 7%, 30 years, 0.38% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$100,000$532$31$730
$160,000$852$50$1,068
$210,000$1,118$66$1,350
$310,000$1,650$97$1,913
$420,000$2,235$131$2,533

How this calculator works

As the mortgage calculator, with Alabama's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $788 ÷ median value $209,900.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in Alabama?

On $209,900 with 20% down at 7% over 30 years: about $1,117 principal and interest and $66 of property tax, $1,349 a month with $2,000 a year of insurance.

What is the median home value in Alabama?

$209,900 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Alabama?

The effective rate is 0.38%, a median $788 a year. See Alabama's property tax page for every county we cover.

How much income do I need for a median Alabama home?

Under the 28% guideline, about $57,833 a year for the payment above; Alabama's median household income is $63,999.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • Alabama Property Tax CalculatorAlabama homeowners pay a median $788 a year in property tax, 0.38% of a median $209,900 home: the 50th highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.