In Alabama, the effective property-tax rate averages about 0.39% of home value. On the state's median-priced home ($209,000) with 20% down at 6.85%, the all-in monthly payment is roughly $1,224.51 including taxes and insurance.
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| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $1,748 | $11,399 | $165,452 |
| 2 | $1,872 | $11,275 | $163,580 |
| 3 | $2,004 | $11,143 | $161,576 |
| 4 | $2,146 | $11,001 | $159,431 |
| 5 | $2,297 | $10,850 | $157,133 |
| 6 | $2,460 | $10,687 | $154,674 |
| 7 | $2,634 | $10,513 | $152,040 |
| 8 | $2,820 | $10,327 | $149,220 |
| 9 | $3,019 | $10,128 | $146,201 |
| 10 | $3,233 | $9,915 | $142,969 |
| 11 | $3,461 | $9,686 | $139,507 |
| 12 | $3,706 | $9,441 | $135,802 |
| 13 | $3,968 | $9,179 | $131,834 |
| 14 | $4,248 | $8,899 | $127,586 |
| 15 | $4,548 | $8,599 | $123,037 |
| 16 | $4,870 | $8,277 | $118,167 |
| 17 | $5,214 | $7,933 | $112,953 |
| 18 | $5,583 | $7,564 | $107,370 |
| 19 | $5,978 | $7,169 | $101,393 |
| 20 | $6,400 | $6,747 | $94,992 |
| 21 | $6,853 | $6,294 | $88,140 |
| 22 | $7,337 | $5,810 | $80,803 |
| 23 | $7,856 | $5,291 | $72,947 |
| 24 | $8,411 | $4,736 | $64,536 |
| 25 | $9,006 | $4,141 | $55,530 |
| 26 | $9,642 | $3,505 | $45,888 |
| 27 | $10,324 | $2,823 | $35,564 |
| 28 | $11,054 | $2,093 | $24,511 |
| 29 | $11,835 | $1,312 | $12,676 |
| 30 | $12,676 | $475 | $0 |
Alabama's effective property-tax rate averages about 0.39% of a home's value — roughly $815 per year on a $209,000 home. Actual bills vary by county and assessment.
On the median Alabama home ($209,000) with 20% down at 6.85%, the full payment is about $1,224.51 including principal, interest, property tax, and insurance.
Rates are set nationally by market conditions and your credit, not by state, but closing costs, property taxes, and insurance — which shape your real monthly cost — vary significantly by state.
Sources: Freddie Mac Primary Mortgage Market Survey; Tax Foundation — Property Taxes by State; Consumer Financial Protection Bureau.
Estimates for educational purposes only — not a loan offer, financial advice, or a commitment to lend. Actual rates, payments, and terms vary by lender and creditworthiness.