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Tishomingo County FHA Loan Calculator

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

Loan Details

Tishomingo County, MS Benchmarks

FHA averages
Typical Property Value$190,000
Average Down Payment8.4%
Average Interest Rate6.384%
Effective Tax Rate0.34%
Median Tax Paid$705/yr
Tax Growth (Historical)-4.1%
Based on 80 regional loans totaling $13,580,000 (HMDA database).
$
%

$15,960 down · $174,040 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$54 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,383/mo

  • Principal & Interest$1,105
  • Property Tax$54
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$177,086

Total Interest

$220,845

Total of Payments

$397,931

*Includes financed FHA Upfront MIP of $3,046

Local Market Insights

Tishomingo County FHA Mortgage Overview

In Tishomingo County, the 8.42% average down payment on FHA loans reflects accessible entry for buyers, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life. With a 91.58% loan-to-value ratio and 100% primary occupancy, borrowers benefit from a low 0.34% effective property tax rate and a recent -4.1% inflation-adjusted tax reduction, improving monthly affordability. For those using an FHA loan with PMI and taxes in Tishomingo County, MS, this combination supports stable budgeting. Prospective buyers exploring FHA loan down payment scenarios in Tishomingo County, Mississippi should note the fixed MIP cost, making local property tax savings a key offset.

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.