Franklin County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Franklin County, MS Benchmarks

FHA averages

Typical Property Value$169,667

Average Down Payment12.9%

Average Interest Rate6.413%

Effective Tax Rate0.54%

Median Tax Paid$739/yr

Tax Growth (Historical)+16.9%

Based on 15 regional loans totaling $2,105,000 (HMDA database).

Home Price

Down Payment

$21,887 down · $147,780 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

$76 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$63 / month

Estimated Monthly Payment

$1,231/mo

Principal & Interest$942
Property Tax$76
Home Insurance$150
FHA MIP$63

Amortization · Remaining Balance

Financed Loan Amount

$150,366

Total Interest

$188,586

Total of Payments

$338,952

*Includes financed FHA Upfront MIP of $2,586

Local Market Insights

Franklin County FHA Mortgage Overview

Franklin County’s FHA market shows accessible entry with a 12.93% down payment on a $169,667 property, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 87.07% LTV ratio—ideal for buyers with sub-620 credit. The 0.54% effective tax rate is low, yet the 16.9% inflation-adjusted tax rise increases true monthly costs. For an FHA loan calculator with PMI and taxes in Franklin County, MS, or an FHA down payment analysis, note that all buyers here are owner-occupants, not investors, reinforcing stable 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.