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Jones County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Jones County, MS Benchmarks

FHA averages
Typical Property Value$210,488
Average Down Payment9.9%
Average Interest Rate6.318%
Effective Tax Rate0.70%
$
%

$20,838 down · $189,650 financed

Estimated Monthly Payment

$1,550/mo

  • Principal & Interest$1,197
  • Property Tax$123
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$192,969

Total Interest

$237,930

Total of Payments

$430,898

*Includes financed FHA Upfront MIP of $3,319

Local Market Insights

Jones County FHA Mortgage Overview

In Jones County, the 9.87% average down payment on FHA loans provides accessible entry for buyers, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of equity. With a 90.13% loan-to-value ratio, this market suits owner-occupants, particularly those with sub-620 credit scores. The 0.70% effective property tax rate, combined with an inflation-adjusted decline of -8.5%, reduces true monthly costs for Jones County FHA mortgage calculations. When assessing an FHA loan with PMI and taxes in Jones County, MS, this tax relief partially offsets the permanent MIP burden, making the FHA loan down payment analysis in Jones County, Mississippi favorable for first-time buyers. Local FHA loan limits align with the average $210,487.80 property value.

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.