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Lafayette County FHA Loan Calculator

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

Loan Details

Lafayette County, MS Benchmarks

FHA averages
Typical Property Value$341,296
Average Down Payment13.1%
Average Interest Rate6.295%
Effective Tax Rate0.52%
Median Tax Paid$1,719/yr
Tax Growth (Historical)-0.3%
Based on 108 regional loans totaling $30,630,000 (HMDA database).
$
%

$44,710 down · $296,586 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$148 / month

$

Annual premium

$

Per month

%

$126 / month

Estimated Monthly Payment

$2,290/mo

  • Principal & Interest$1,866
  • Property Tax$148
  • Home Insurance$150
  • FHA MIP$126
Amortization · Remaining Balance

Financed Loan Amount

$301,776

Total Interest

$369,965

Total of Payments

$671,741

*Includes financed FHA Upfront MIP of $5,190

Local Market Insights

Lafayette County FHA Mortgage Overview

For Lafayette County homebuyers using an FHA loan, the 13.06% average down payment on a $341,296 property provides accessible entry, but note that MIP is required for the loan’s life regardless of equity. With an 86.94% LTV ratio and 100% owner-occupancy, this data suits credit-challenged buyers (sub-620 scores) better than investors. The 0.52% property tax rate and -0.3% inflation-adjusted decline slightly ease monthly affordability. When evaluating an FHA loan with PMI and taxes in Lafayette County, MS, or exploring FHA loan limits and tax impacts, these figures highlight stable, long-term costs for primary residences.

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.