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Bolivar County FHA Loan Calculator

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

Loan Details

Bolivar County, MS Benchmarks

FHA averages
Typical Property Value$187,821
Average Down Payment15.2%
Average Interest Rate6.494%
Effective Tax Rate0.55%
Median Tax Paid$950/yr
Tax Growth (Historical)-4.1%
Based on 78 regional loans totaling $11,700,000 (HMDA database).
$
%

$28,549 down · $159,272 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$86 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,327/mo

  • Principal & Interest$1,023
  • Property Tax$86
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$162,059

Total Interest

$206,314

Total of Payments

$368,374

*Includes financed FHA Upfront MIP of $2,787

Local Market Insights

Bolivar County FHA Mortgage Overview

In Bolivar County, an FHA loan with a 15.16% down payment on a $187,820 property offers accessible entry, but the 84.84% Loan-to-Value ratio means mandatory Mortgage Insurance Premiums (MIP) for the loan's life—ideal for buyers with sub-620 credit. Effective property taxes are low at 0.55%, and the recent -4.1% inflation-adjusted tax shift further reduces monthly costs. When evaluating an FHA loan calculator with PMI and taxes in Bolivar County, MS, this tax relief improves true affordability despite the permanent MIP.

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.