Alabama mortgage calculator

30-year fixed mortgage calculator with Alabama-specific defaults. Median home price $230,000 · property tax effective rate 0.41%. All inputs update live; share your scenario as a URL.

Median home price reconciled 2026-04-22. Source: Zillow Home Value Index, state-level.

Your loan

Home price

$100k$2M

Down payment$46,000

Interest rate30-yr avg: 6.875%

Loan term

Taxes & insurance

(optional, but realistic)

State

Alabama

State pre-set for this page. Switch state

Property tax rate

~$79 per month

Homeowner insurance

HOA dues (if any)

PMI required. With 20% down (LTV 80.0%), private mortgage insurance is added at 0.50% of the loan annually — that's $77/month. PMI auto-removes at month 28 (78% LTV, per the Homeowners Protection Act).

Extra payments

(optional — accelerate payoff)

Biweekly paymentsPay half the monthly amount every two weeks (26 half-payments per year ≈ 13 monthly equivalents). Typically saves 4-7 years and tens of thousands in interest on a 30-year loan.

Extra each month

Applied as additional principal every month.

One-time lump sum

Single payment toward principal at the specified month (e.g. tax refund or bonus).

Estimated monthly payment

For a $230,000 home, 20% down, 6.875% APR, 30-year fixed in Alabama.

Where your payment goes

Principal & interest$1,209

Property tax$79

Homeowner insurance$145

PMI$77

Loan amount

$184,000

Total interest

$251,150

Total paid

$435,150

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How your balance falls over time

The crossover point — where more of each payment goes to principal than interest — is at year 20.

BalanceInterest paidPrincipal paid

Amortization schedule

Year-by-year breakdown of every payment.

Period	Payment	Principal	Interest	Total interest paid	Balance
Y01Year 1	$14,505	$1,915	$12,590	$12,590	$182,085
Y02Year 2	$14,505	$2,050	$12,455	$25,045	$180,035
Y03Year 3	$14,505	$2,196	$12,309	$37,354	$177,839
Y04Year 4	$14,505	$2,352	$12,153	$49,507	$175,487
Y05Year 5	$14,505	$2,519	$11,986	$61,494	$172,969
Y06Year 6	$14,505	$2,697	$11,808	$73,301	$170,271
Y07Year 7	$14,505	$2,889	$11,616	$84,918	$167,383
Y08Year 8	$14,505	$3,094	$11,411	$96,329	$164,289
Y09Year 9	$14,505	$3,313	$11,192	$107,521	$160,976
Y10Year 10	$14,505	$3,548	$10,957	$118,477	$157,427
Y11Year 11	$14,505	$3,800	$10,705	$129,182	$153,627
Y12Year 12	$14,505	$4,070	$10,435	$139,617	$149,558
Y13Year 13	$14,505	$4,359	$10,146	$149,764	$145,199
Y14Year 14	$14,505	$4,668	$9,837	$159,601	$140,531
Y15Year 15	$14,505	$4,999	$9,506	$169,107	$135,532
Y16Year 16	$14,505	$5,354	$9,151	$178,258	$130,178
Y17Year 17	$14,505	$5,734	$8,771	$187,029	$124,445
Y18Year 18	$14,505	$6,141	$8,364	$195,394	$118,304
Y19Year 19	$14,505	$6,576	$7,929	$203,323	$111,728
Y20Year 20	$14,505	$7,043	$7,462	$210,785	$104,685
Y21Year 21	$14,505	$7,543	$6,962	$217,747	$97,142
Y22Year 22	$14,505	$8,078	$6,427	$224,174	$89,065
Y23Year 23	$14,505	$8,651	$5,854	$230,028	$80,414
Y24Year 24	$14,505	$9,265	$5,240	$235,268	$71,149
Y25Year 25	$14,505	$9,922	$4,583	$239,851	$61,226
Y26Year 26	$14,505	$10,626	$3,879	$243,730	$50,600
Y27Year 27	$14,505	$11,380	$3,125	$246,854	$39,220
Y28Year 28	$14,505	$12,188	$2,317	$249,171	$27,032
Y29Year 29	$14,505	$13,053	$1,452	$250,624	$13,979
Y30Year 30	$14,505	$13,979	$526	$251,150	$0

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Alabama context

Lower-than-average property tax keeps escrow modest, but flood insurance is mandatory in coastal Mobile and Baldwin counties.

Alabama — related

Alabama income tax

Top marginal 5.00% · 3 brackets

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Compare scenarios

Up to three mortgage scenarios side-by-side with a differential row.

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National 30-year fixed

Same calculator with cross-state defaults; manually pick any state.

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Last updated 2026-05-13