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Jefferson County FHA Loan Calculator

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

Loan Details

Jefferson County, MS Benchmarks

FHA averages
Typical Property Value$203,750
Average Down Payment25.2%
Average Interest Rate6.526%
Effective Tax Rate0.62%
Median Tax Paid$698/yr
Tax Growth (Historical)-17.0%
Based on 8 regional loans totaling $1,190,000 (HMDA database).
$
%

$51,345 down · $152,405 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$105 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,303/mo

  • Principal & Interest$983
  • Property Tax$105
  • Home Insurance$150
  • FHA MIP$65
Amortization · Remaining Balance

Financed Loan Amount

$155,072

Total Interest

$198,888

Total of Payments

$353,960

*Includes financed FHA Upfront MIP of $2,667

Local Market Insights

Jefferson County FHA Mortgage Overview

For Jefferson County homebuyers, the 25.24% average down payment on an FHA loan provides accessible entry, though this high equity level still requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, ideal for those with sub-620 credit. With a 74.76% loan-to-value ratio and 100% primary occupancy, this data reflects owner-occupants. The effective property tax rate of 0.62% is modest, and the recent inflation-adjusted tax change of -17.0% further eases monthly affordability when using a Jefferson County FHA mortgage analysis with property taxes. This combination of lower taxes and FHA flexibility supports sustainable homeownership in the county.

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.