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Jasper County FHA Loan Calculator

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

Loan Details

Jasper County, MS Benchmarks

FHA averages
Typical Property Value$189,808
Average Down Payment13.8%
Average Interest Rate6.410%
Effective Tax Rate0.41%
Median Tax Paid$737/yr
Tax Growth (Historical)+0.7%
Based on 52 regional loans totaling $8,410,000 (HMDA database).
$
%

$26,194 down · $163,614 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$65 / month

$

Annual premium

$

Per month

%

$69 / month

Estimated Monthly Payment

$1,327/mo

  • Principal & Interest$1,042
  • Property Tax$65
  • Home Insurance$150
  • FHA MIP$69
Amortization · Remaining Balance

Financed Loan Amount

$166,478

Total Interest

$208,793

Total of Payments

$375,271

*Includes financed FHA Upfront MIP of $2,863

Local Market Insights

Jasper County FHA Mortgage Overview

For Jasper County homebuyers, the 13.83% average down payment on an FHA loan provides accessible entry, though it exceeds the minimum 3.5% requirement. Because this is an FHA loan, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of the 13.83% down payment, making it ideal for those with sub-620 credit scores. The 86.17% loan-to-value ratio confirms limited equity. With a 0.41% property tax rate and a 0.7% inflation-adjusted increase, monthly costs remain manageable. The average interest rate of 6.410% on a $189,807.69 property, combined with FHA loan limits, defines true affordability for owner-occupied homes in Jasper County, MS.

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.