Lauderdale County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Lauderdale County, MS Benchmarks

FHA averages

Typical Property Value$179,596

Average Down Payment6.6%

Average Interest Rate6.342%

Effective Tax Rate0.65%

Median Tax Paid$1,228/yr

Tax Growth (Historical)-2.6%

Based on 198 regional loans totaling $32,230,000 (HMDA database).

Home Price

Down Payment

$11,853 down · $167,743 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$97 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$71 / month

Estimated Monthly Payment

$1,379/mo

Principal & Interest$1,061
Property Tax$97
Home Insurance$150
FHA MIP$71

Amortization · Remaining Balance

Financed Loan Amount

$170,678

Total Interest

$211,248

Total of Payments

$381,926

*Includes financed FHA Upfront MIP of $2,935

Local Market Insights

Lauderdale County FHA Mortgage Overview

In Lauderdale County, the 6.63% weighted average down payment on FHA loans provides accessible entry for homebuyers, particularly those with sub-620 credit scores. However, with a 93.37% median LTV, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan. For an FHA loan with PMI and taxes in Lauderdale County, MS, the effective property tax rate of 0.65% on a $179,596 average property value adds roughly $97 monthly. The recent inflation-adjusted tax change of -2.6% offers slight relief, enhancing true affordability for owner-occupants using an FHA mortgage with property taxes.

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.