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Harrison County FHA Loan Calculator

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

Loan Details

Harrison County, MS Benchmarks

FHA averages
Typical Property Value$247,907
Average Down Payment9.9%
Average Interest Rate6.144%
Effective Tax Rate0.59%
Median Tax Paid$1,370/yr
Tax Growth (Historical)+3.1%
Based on 1,056 regional loans totaling $232,340,000 (HMDA database).
$
%

$24,543 down · $223,364 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$122 / month

$

Annual premium

$

Per month

%

$95 / month

Estimated Monthly Payment

$1,750/mo

  • Principal & Interest$1,383
  • Property Tax$122
  • Home Insurance$150
  • FHA MIP$95
Amortization · Remaining Balance

Financed Loan Amount

$227,273

Total Interest

$270,658

Total of Payments

$497,931

*Includes financed FHA Upfront MIP of $3,909

Local Market Insights

Harrison County FHA Mortgage Overview

Harrison County’s FHA market reveals a strategic entry point for owner-occupants. The 9.86% average down payment provides accessible homeownership, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 90.14% Loan-to-Value (LTV) ratio. This structure benefits buyers with sub-620 credit scores seeking a primary residence. The effective 0.59% property tax rate, coupled with a 3.1% inflation-adjusted increase, directly impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Harrison County, MS, the low down payment reduces upfront costs, yet the long-term MIP and rising taxes must be factored into your budget. Understanding Harrison County FHA loan limits and tax impacts is crucial for accurate planning.

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.