Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Mississippi>Washington County (FHA)

Washington County FHA Loan Calculator

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

Loan Details

Washington County, MS Benchmarks

FHA averages
Typical Property Value$166,566
Average Down Payment9.6%
Average Interest Rate6.405%
Effective Tax Rate0.92%
Median Tax Paid$891/yr
Tax Growth (Historical)+3.3%
Based on 83 regional loans totaling $11,985,000 (HMDA database).
$
%

$15,990 down · $150,576 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$128 / month

$

Annual premium

$

Per month

%

$64 / month

Estimated Monthly Payment

$1,301/mo

  • Principal & Interest$959
  • Property Tax$128
  • Home Insurance$150
  • FHA MIP$64
Amortization · Remaining Balance

Financed Loan Amount

$153,211

Total Interest

$192,154

Total of Payments

$345,364

*Includes financed FHA Upfront MIP of $2,635

Local Market Insights

Washington County FHA Mortgage Overview

In Washington County, the 9.58% average down payment for FHA loans provides accessible entry, but the 6.405% interest rate and mandatory MIP (required for the loan’s life) are key costs. The 90.42% LTV and 100% owner-occupancy confirm this data reflects primary residences. With an effective property tax rate of 0.92% and a 3.3% inflation-adjusted increase, monthly affordability is impacted. For an FHA loan with PMI and taxes in Washington County, MS, understanding these limits is crucial. This FHA mortgage analysis with property taxes shows a lower barrier to entry but higher long-term insurance costs.

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.