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Mississippi County FHA Loan Calculator

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

Loan Details

Mississippi County, AR Benchmarks

FHA averages
Typical Property Value$195,539
Average Down Payment8.0%
Average Interest Rate6.370%
Effective Tax Rate0.47%
Median Tax Paid$635/yr
Tax Growth (Historical)-4.6%
Based on 241 regional loans totaling $41,935,000 (HMDA database).
$
%

$15,643 down · $179,896 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$77 / month

$

Annual premium

$

Per month

%

$76 / month

Estimated Monthly Payment

$1,444/mo

  • Principal & Interest$1,141
  • Property Tax$77
  • Home Insurance$150
  • FHA MIP$76
Amortization · Remaining Balance

Financed Loan Amount

$183,044

Total Interest

$227,845

Total of Payments

$410,889

*Includes financed FHA Upfront MIP of $3,148

Local Market Insights

Mississippi County FHA Mortgage Overview

In Mississippi County, the 7.97% average down payment on an FHA loan provides accessible entry for owner-occupants, but the 92.03% LTV ratio confirms that mandatory MIP remains for the loan’s life—ideal for buyers with sub-620 credit. The effective property tax rate of 0.47% is low, and the recent -4.6% inflation-adjusted tax shift improves true monthly affordability. When evaluating an FHA loan down payment in Mississippi County, Arkansas, or exploring FHA loan limits with property taxes, note that the lower tax burden partially offsets the permanent MIP cost, making this market favorable for first-time buyers.

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.