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Neshoba County FHA Loan Calculator

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

Loan Details

Neshoba County, MS Benchmarks

FHA averages
Typical Property Value$173,485
Average Down Payment10.6%
Average Interest Rate6.328%
Effective Tax Rate0.53%
Median Tax Paid$893/yr
Tax Growth (Historical)+1.2%
Based on 66 regional loans totaling $9,690,000 (HMDA database).
$
%

$18,389 down · $155,096 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$77 / month

$

Annual premium

$

Per month

%

$66 / month

Estimated Monthly Payment

$1,272/mo

  • Principal & Interest$980
  • Property Tax$77
  • Home Insurance$150
  • FHA MIP$66
Amortization · Remaining Balance

Financed Loan Amount

$157,810

Total Interest

$194,950

Total of Payments

$352,760

*Includes financed FHA Upfront MIP of $2,714

Local Market Insights

Neshoba County FHA Mortgage Overview

For Neshoba County homebuyers using an FHA loan, the 10.64% average down payment on a $173,485 property provides accessible entry, but the 89.36% Loan-to-Value ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life—regardless of equity buildup. This structure is ideal for those with sub-620 credit scores. The effective property tax rate of 0.53%, with a recent 1.2% inflation-adjusted increase, keeps monthly costs manageable. When evaluating an FHA mortgage with property taxes and MIP in Neshoba County, MS, the true monthly affordability hinges on this permanent insurance cost. The 6.328% average interest rate further shapes long-term payments 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.