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George County FHA Loan Calculator

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

Loan Details

George County, MS Benchmarks

FHA averages
Typical Property Value$230,762
Average Down Payment6.8%
Average Interest Rate6.074%
Effective Tax Rate0.53%
Median Tax Paid$1,044/yr
Tax Growth (Historical)-6.7%
Based on 151 regional loans totaling $32,435,000 (HMDA database).
$
%

$15,692 down · $215,070 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$102 / month

$

Annual premium

$

Per month

%

$91 / month

Estimated Monthly Payment

$1,665/mo

  • Principal & Interest$1,322
  • Property Tax$102
  • Home Insurance$150
  • FHA MIP$91
Amortization · Remaining Balance

Financed Loan Amount

$218,834

Total Interest

$257,045

Total of Payments

$475,878

*Includes financed FHA Upfront MIP of $3,764

Local Market Insights

George County FHA Mortgage Overview

In George County, the 6.79% down payment on an FHA loan provides accessible entry for owner-occupants, though mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for buyers with sub-620 credit. The 93.21% LTV ratio confirms this low-equity, primary residence profile. The effective property tax rate of 0.53% on a $230,762 average value adds roughly $102 monthly, but the recent -6.7% inflation-adjusted tax shift slightly improves true affordability. When evaluating an FHA loan down payment in George County, MS, remember that MIP persists regardless of equity, making property tax savings a key factor in your monthly budget.

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.