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Quitman County FHA Loan Calculator

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

Loan Details

Quitman County, MS Benchmarks

FHA averages
Typical Property Value$170,455
Average Down Payment12.2%
Average Interest Rate6.175%
Effective Tax Rate0.72%
Median Tax Paid$740/yr
Tax Growth (Historical)-9.4%
Based on 11 regional loans totaling $1,535,000 (HMDA database).
$
%

$20,796 down · $149,659 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$102 / month

$

Annual premium

$

Per month

%

$63 / month

Estimated Monthly Payment

$1,245/mo

  • Principal & Interest$930
  • Property Tax$102
  • Home Insurance$150
  • FHA MIP$63
Amortization · Remaining Balance

Financed Loan Amount

$152,279

Total Interest

$182,412

Total of Payments

$334,691

*Includes financed FHA Upfront MIP of $2,619

Local Market Insights

Quitman County FHA Mortgage Overview

In Quitman County, the typical FHA homebuyer puts down 12.17% on a $170,455 property, securing a 6.175% rate. This down payment, combined with an 87.83% LTV, provides accessible entry but triggers mandatory MIP for the loan’s life—critical for those with sub-620 credit. The effective property tax rate of 0.72% is low, and a recent -9.4% inflation-adjusted tax shift further reduces monthly costs. When evaluating an FHA loan with PMI and taxes in Quitman County, MS, this tax relief offsets some MIP burden, making affordability stable for primary residence buyers here.

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.