Amite County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Amite County, MS Benchmarks

FHA averages

Typical Property Value$221,429

Average Down Payment13.6%

Average Interest Rate6.182%

Effective Tax Rate0.33%

Median Tax Paid$386/yr

Tax Growth (Historical)-13.9%

Based on 28 regional loans totaling $5,270,000 (HMDA database).

Home Price

Down Payment

$30,114 down · $191,315 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$61 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$81 / month

Estimated Monthly Payment

$1,482/mo

Principal & Interest$1,190
Property Tax$61
Home Insurance$150
FHA MIP$81

Amortization · Remaining Balance

Financed Loan Amount

$194,663

Total Interest

$233,638

Total of Payments

$428,300

*Includes financed FHA Upfront MIP of $3,348

Local Market Insights

Amite County FHA Mortgage Overview

In Amite County, the average 13.63% down payment on an FHA loan provides accessible entry for buyers, but since the median loan-to-value ratio is 86.37%, mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan—ideal for those with a sub-620 credit score. The effective property tax rate is a low 0.33%, and the inflation-adjusted tax change of -13.9% further improves true monthly affordability for an Amite County FHA mortgage with property taxes. All transactions here are owner-occupied primary residences, reinforcing a stable, low-risk market.

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.