Jackson County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Jackson County, MS Benchmarks

FHA averages

Typical Property Value$228,744

Average Down Payment7.9%

Average Interest Rate6.241%

Effective Tax Rate0.67%

Median Tax Paid$1,366/yr

Tax Growth (Historical)-0.5%

Based on 796 regional loans totaling $164,520,000 (HMDA database).

Home Price

Down Payment

$18,071 down · $210,673 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

$128 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$89 / month

Estimated Monthly Payment

$1,685/mo

Principal & Interest$1,318
Property Tax$128
Home Insurance$150
FHA MIP$89

Amortization · Remaining Balance

Financed Loan Amount

$214,360

Total Interest

$260,285

Total of Payments

$474,645

*Includes financed FHA Upfront MIP of $3,687

Local Market Insights

Jackson County FHA Mortgage Overview

For Jackson County homebuyers, the 7.91% average FHA down payment on a $228,744 property offers accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 92.09% LTV ratio—ideal for those with sub-620 credit. This data reflects 100% owner-occupied purchases. The 0.67% property tax rate, with a -0.5% inflation-adjusted decline, slightly improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Jackson County, MS, note that these low down payments and tax shifts reduce upfront barriers, yet ongoing MIP costs must be factored into long-term budgeting.

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.