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Jefferson Davis 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 Davis County, Mississippi based on real HMDA transaction records.

Loan Details

Jefferson Davis County, MS Benchmarks

FHA averages
Typical Property Value$193,333
Average Down Payment9.8%
Average Interest Rate6.071%
Effective Tax Rate0.53%
Median Tax Paid$800/yr
Tax Growth (Historical)+6.6%
Based on 24 regional loans totaling $4,070,000 (HMDA database).
$
%

$18,947 down · $174,386 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$85 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,381/mo

  • Principal & Interest$1,072
  • Property Tax$85
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$177,438

Total Interest

$208,421

Total of Payments

$385,859

*Includes financed FHA Upfront MIP of $3,052

Local Market Insights

Jefferson Davis County FHA Mortgage Overview

For Jefferson Davis County homebuyers, the FHA loan data reveals a market designed for accessible entry. A 9.80% down payment on a $193,333 property is lower than conventional requirements, but it mandates lifetime Mortgage Insurance Premiums (MIP) regardless of the 90.20% loan-to-value ratio. This structure supports buyers with sub-620 credit scores. The 0.53% effective property tax rate is low, yet the 6.6% inflation-adjusted tax increase will modestly raise monthly payments. When evaluating an FHA loan with PMI and taxes in Jefferson Davis County, MS, or exploring FHA loan limits, note that all purchases are owner-occupied, reducing investor risk.

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.