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Coahoma County FHA Loan Calculator

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

Loan Details

Coahoma County, MS Benchmarks

FHA averages
Typical Property Value$155,256
Average Down Payment11.9%
Average Interest Rate6.420%
Effective Tax Rate0.75%
Median Tax Paid$1,012/yr
Tax Growth (Historical)-8.3%
Based on 39 regional loans totaling $4,825,000 (HMDA database).
$
%

$18,475 down · $136,781 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$97 / month

$

Annual premium

$

Per month

%

$58 / month

Estimated Monthly Payment

$1,177/mo

  • Principal & Interest$872
  • Property Tax$97
  • Home Insurance$150
  • FHA MIP$58
Amortization · Remaining Balance

Financed Loan Amount

$139,174

Total Interest

$174,878

Total of Payments

$314,052

*Includes financed FHA Upfront MIP of $2,394

Local Market Insights

Coahoma County FHA Mortgage Overview

For Coahoma County homebuyers, the 11.94% average down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of the 88.06% loan-to-value ratio. This market shows 100% primary occupancy, reflecting owner-occupant stability. The 6.42% interest rate and 0.75% effective property tax rate, combined with an -8.3% inflation-adjusted tax decrease, enhance monthly affordability. When evaluating an FHA loan with PMI and taxes in Coahoma County, MS, note that the lower tax burden partially offsets the permanent MIP cost, making this a viable path for buyers with sub-620 credit scores.

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.