Kemper County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Kemper County, MS Benchmarks

FHA averages

Typical Property Value$183,571

Average Down Payment13.4%

Average Interest Rate6.099%

Effective Tax Rate0.49%

Median Tax Paid$563/yr

Tax Growth (Historical)+1.3%

Based on 7 regional loans totaling $1,015,000 (HMDA database).

Home Price

Down Payment

$24,599 down · $158,972 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

$75 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$67 / month

Estimated Monthly Payment

$1,273/mo

Principal & Interest$980
Property Tax$75
Home Insurance$150
FHA MIP$67

Amortization · Remaining Balance

Financed Loan Amount

$161,755

Total Interest

$191,126

Total of Payments

$352,881

*Includes financed FHA Upfront MIP of $2,782

Local Market Insights

Kemper County FHA Mortgage Overview

For Kemper County homebuyers using an FHA loan, the 13.42% average down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity. With an 86.58% loan-to-value ratio and 100% owner-occupancy, this market favors buyers with sub-620 credit scores seeking stable primary residences. The 0.49% effective property tax rate is low, and the recent 1.3% inflation-adjusted tax shift minimally impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Kemper County, MS, the average 6.099% interest rate and $183,571 property value highlight the importance of factoring MIP into your budget for long-term cost planning.

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.