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DeSoto County FHA Loan Calculator

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

Loan Details

DeSoto County, MS Benchmarks

FHA averages
Typical Property Value$315,881
Average Down Payment8.7%
Average Interest Rate6.170%
Effective Tax Rate0.53%
Median Tax Paid$1,613/yr
Tax Growth (Historical)-1.9%
Based on 1,532 regional loans totaling $436,120,000 (HMDA database).
$
%

$27,482 down · $288,399 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$140 / month

$

Annual premium

$

Per month

%

$122 / month

Estimated Monthly Payment

$2,203/mo

  • Principal & Interest$1,792
  • Property Tax$140
  • Home Insurance$150
  • FHA MIP$122
Amortization · Remaining Balance

Financed Loan Amount

$293,446

Total Interest

$351,515

Total of Payments

$644,961

*Includes financed FHA Upfront MIP of $5,047

Local Market Insights

DeSoto County FHA Mortgage Overview

For DeSoto County homebuyers, the 8.66% weighted average down payment on FHA loans highlights accessible entry despite a 91.34% median LTV. This low equity position means FHA mandatory Mortgage Insurance Premiums (MIP) is required for the loan’s life, making it ideal for buyers with sub-620 credit. With a 6.17% average rate on a $315,881 property, the effective 0.53% tax rate and -1.9% inflation-adjusted tax shift slightly reduce monthly costs. When evaluating an FHA loan with PMI and taxes in DeSoto County, MS, or checking FHA loan limits, note that 100% primary occupancy indicates stable owner-occupied demand.

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.