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Itawamba County FHA Loan Calculator

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

Loan Details

Itawamba County, MS Benchmarks

FHA averages
Typical Property Value$213,519
Average Down Payment11.3%
Average Interest Rate6.348%
Effective Tax Rate0.42%
Median Tax Paid$835/yr
Tax Growth (Historical)+4.0%
Based on 81 regional loans totaling $14,805,000 (HMDA database).
$
%

$24,128 down · $189,391 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$75 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,504/mo

  • Principal & Interest$1,199
  • Property Tax$75
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$192,706

Total Interest

$238,964

Total of Payments

$431,670

*Includes financed FHA Upfront MIP of $3,314

Local Market Insights

Itawamba County FHA Mortgage Overview

In Itawamba County, the 11.35% average down payment on FHA loans provides accessible entry for buyers, but the 88.65% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life, regardless of equity. This structure is ideal for those with sub-620 credit seeking an FHA loan with PMI and taxes. The effective property tax rate of 0.42% is low, yet the 4.0% inflation-adjusted tax shift adds modest monthly cost. With a 100% primary occupancy rate, these are standard homebuyers. For accurate affordability, evaluate an FHA mortgage with property taxes in Itawamba County using local loan limits.

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.