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Calhoun County FHA Loan Calculator

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

Loan Details

Calhoun County, MS Benchmarks

FHA averages
Typical Property Value$185,000
Average Down Payment14.5%
Average Interest Rate6.182%
Effective Tax Rate0.55%
Median Tax Paid$600/yr
Tax Growth (Historical)+2.8%
Based on 48 regional loans totaling $7,210,000 (HMDA database).
$
%

$26,825 down · $158,175 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$85 / month

$

Annual premium

$

Per month

%

$67 / month

Estimated Monthly Payment

$1,285/mo

  • Principal & Interest$984
  • Property Tax$85
  • Home Insurance$150
  • FHA MIP$67
Amortization · Remaining Balance

Financed Loan Amount

$160,943

Total Interest

$193,167

Total of Payments

$354,110

*Includes financed FHA Upfront MIP of $2,768

Local Market Insights

Calhoun County FHA Mortgage Overview

In Calhoun County, the 14.53% average down payment on FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life regardless of equity. With an 85.47% loan-to-value ratio and 100% owner-occupancy, this market suits buyers with sub-620 credit scores seeking stable financing. The 0.55% effective property tax rate, adjusted 2.8% for inflation, adds modest monthly cost. When evaluating an FHA loan with PMI and taxes in Calhoun County, MS, or reviewing FHA loan limits, note that the $185,000 average property value keeps payments manageable despite the 6.182% interest rate.

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.