Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Mississippi>Attala County (FHA)

Attala County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Attala County, Mississippi based on real HMDA transaction records.

Loan Details

Attala County, MS Benchmarks

FHA averages
Typical Property Value$178,214
Average Down Payment12.1%
Average Interest Rate6.336%
Effective Tax Rate0.54%
Median Tax Paid$707/yr
Tax Growth (Historical)+1.6%
Based on 56 regional loans totaling $8,620,000 (HMDA database).
$
%

$21,564 down · $156,650 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$80 / month

$

Annual premium

$

Per month

%

$66 / month

Estimated Monthly Payment

$1,287/mo

  • Principal & Interest$991
  • Property Tax$80
  • Home Insurance$150
  • FHA MIP$66
Amortization · Remaining Balance

Financed Loan Amount

$159,391

Total Interest

$197,278

Total of Payments

$356,670

*Includes financed FHA Upfront MIP of $2,741

Local Market Insights

Attala County FHA Mortgage Overview

For Attala County homebuyers using an FHA loan, the 12.06% down payment on a $178,214 average property provides accessible entry, but note that FHA requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of this equity level. The 87.94% loan-to-value ratio confirms most buyers are owner-occupants, not investors. With a 0.54% effective property tax rate and a 1.6% inflation-adjusted increase, monthly affordability remains manageable, though the 6.336% interest rate and permanent MIP should be factored into any FHA loan with PMI and taxes in Attala County, MS analysis.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.