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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.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$1,370.38The answer

Monthly payment

$1,370.38

A $210,000 home with 20% down ($168,000 borrowed) at 7.18% over 30 years costs about $1,370 a month: $1,138 principal and interest plus $232 of tax, insurance and dues.

Principal and interest: $1,138.09
Tax, insurance, PMI and HOA: $232.29
Total interest over the loan: $241,713

Amortization by year: $168,000 at 7.18%

Year	Interest	Principal	Balance
1	$12,008.86	$1,648.23	$166,351.77
2	$11,886.54	$1,770.54	$164,581.23
3	$11,755.15	$1,901.93	$162,679.30
4	$11,614.01	$2,043.08	$160,636.22
5	$11,462.39	$2,194.70	$158,441.53
6	$11,299.52	$2,357.57	$156,083.96
7	$11,124.56	$2,532.52	$153,551.44
8	$10,936.62	$2,720.46	$150,830.98
9	$10,734.74	$2,922.35	$147,908.63
10	$10,517.87	$3,139.22	$144,769.41
11	$10,284.90	$3,372.18	$141,397.23
12	$10,034.65	$3,622.43	$137,774.79
13	$9,765.83	$3,891.26	$133,883.54
14	$9,477.06	$4,180.03	$129,703.51
15	$9,166.86	$4,490.23	$125,213.28
16	$8,833.63	$4,823.45	$120,389.83
17	$8,475.68	$5,181.40	$115,208.42
18	$8,091.17	$5,565.92	$109,642.50
19	$7,678.12	$5,978.97	$103,663.53
20	$7,234.41	$6,422.67	$97,240.86
21	$6,757.78	$6,899.30	$90,341.56
22	$6,245.78	$7,411.30	$82,930.26
23	$5,695.79	$7,961.30	$74,968.96
24	$5,104.97	$8,552.11	$66,416.84
25	$4,470.32	$9,186.77	$57,230.07
26	$3,788.56	$9,868.53	$47,361.54
27	$3,056.21	$10,600.88	$36,760.67
28	$2,269.51	$11,387.57	$25,373.10
29	$1,424.43	$12,232.65	$13,140.44
30	$516.64	$13,140.44	$0.00

Download the schedule (CSV)

This week's mortgage rates

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

Home price	Principal and interest	Property tax	Total
$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.

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.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.