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Perry County FHA Loan Calculator

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

Loan Details

Perry County, MS Benchmarks

FHA averages
Typical Property Value$181,389
Average Down Payment7.3%
Average Interest Rate6.447%
Effective Tax Rate0.44%
Median Tax Paid$763/yr
Tax Growth (Historical)-21.8%
Based on 36 regional loans totaling $5,960,000 (HMDA database).
$
%

$13,241 down · $168,148 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$67 / month

$

Annual premium

$

Per month

%

$71 / month

Estimated Monthly Payment

$1,364/mo

  • Principal & Interest$1,076
  • Property Tax$67
  • Home Insurance$150
  • FHA MIP$71
Amortization · Remaining Balance

Financed Loan Amount

$171,090

Total Interest

$216,193

Total of Payments

$387,283

*Includes financed FHA Upfront MIP of $2,943

Local Market Insights

Perry County FHA Mortgage Overview

For Perry County homebuyers, the 7.28% average down payment on a $181,389 property highlights the accessibility of FHA financing. With a 92.72% loan-to-value ratio, this data reflects standard owner-occupied purchases. However, this low equity triggers mandatory Mortgage Insurance Premiums for the life of the loan, a key factor when using an FHA loan calculator with PMI and taxes. The effective property tax rate is a modest 0.44%, and the recent inflation-adjusted tax change of -21.8% significantly improves true monthly affordability. For buyers evaluating an FHA loan down payment in Perry County, Mississippi, the lower tax burden offsets the permanent MIP cost, making this a stable, low-risk entry point.

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.