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Carroll County FHA Loan Calculator

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

Loan Details

Carroll County, MS Benchmarks

FHA averages
Typical Property Value$175,000
Average Down Payment13.0%
Average Interest Rate6.528%
Effective Tax Rate0.51%
Median Tax Paid$577/yr
Tax Growth (Historical)-20.3%
Based on 19 regional loans totaling $2,835,000 (HMDA database).
$
%

$22,750 down · $152,250 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$74 / month

$

Annual premium

$

Per month

%

$65 / month

Estimated Monthly Payment

$1,271/mo

  • Principal & Interest$982
  • Property Tax$74
  • Home Insurance$150
  • FHA MIP$65
Amortization · Remaining Balance

Financed Loan Amount

$154,914

Total Interest

$198,686

Total of Payments

$353,600

*Includes financed FHA Upfront MIP of $2,664

Local Market Insights

Carroll County FHA Mortgage Overview

For Carroll County homebuyers, the 13.01% FHA down payment on a $175,000 property provides accessible entry, but requires mandatory MIP for the loan’s life—ideal for those with sub-620 credit. The 86.99% LTV confirms this owner-occupied market. The 0.51% property tax rate is low, and the -20.3% inflation-adjusted tax shift further reduces monthly costs, improving affordability. When evaluating an FHA loan with PMI and taxes in Carroll County, MS, or considering FHA loan limits, this tax relief offsets the permanent MIP burden, making monthly payments more predictable for primary residences.

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.