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Montgomery County FHA Loan Calculator

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

Loan Details

Montgomery County, MS Benchmarks

FHA averages
Typical Property Value$145,000
Average Down Payment12.5%
Average Interest Rate6.558%
Effective Tax Rate0.81%
Median Tax Paid$1,269/yr
Tax Growth (Historical)+24.1%
Based on 28 regional loans totaling $3,290,000 (HMDA database).
$
%

$18,125 down · $126,875 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$98 / month

$

Annual premium

$

Per month

%

$54 / month

Estimated Monthly Payment

$1,123/mo

  • Principal & Interest$821
  • Property Tax$98
  • Home Insurance$150
  • FHA MIP$54
Amortization · Remaining Balance

Financed Loan Amount

$129,095

Total Interest

$166,490

Total of Payments

$295,585

*Includes financed FHA Upfront MIP of $2,220

Local Market Insights

Montgomery County FHA Mortgage Overview

In Montgomery County, MS, the 12.49% average down payment on an FHA loan provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan—ideal for buyers with sub-620 credit. The 87.51% loan-to-value ratio confirms minimal equity at purchase. With an effective property tax rate of 0.81% and a steep 24.1% inflation-adjusted tax increase, monthly affordability is tightening. For precise budgeting, many turn to an FHA loan calculator with PMI and taxes in Montgomery County, MS. Given the $145,000 average property value and 6.558% interest rate, understanding Montgomery County FHA loan limits and tax impacts is critical for owner-occupants.

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.