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Lawrence County FHA Loan Calculator

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

Loan Details

Lawrence County, MS Benchmarks

FHA averages
Typical Property Value$196,739
Average Down Payment12.4%
Average Interest Rate6.405%
Effective Tax Rate0.61%
Median Tax Paid$674/yr
Tax Growth (Historical)-10.7%
Based on 46 regional loans totaling $7,670,000 (HMDA database).
$
%

$24,396 down · $172,343 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$100 / month

$

Annual premium

$

Per month

%

$73 / month

Estimated Monthly Payment

$1,421/mo

  • Principal & Interest$1,098
  • Property Tax$100
  • Home Insurance$150
  • FHA MIP$73
Amortization · Remaining Balance

Financed Loan Amount

$175,359

Total Interest

$219,932

Total of Payments

$395,291

*Includes financed FHA Upfront MIP of $3,016

Local Market Insights

Lawrence County FHA Mortgage Overview

For Lawrence County homebuyers, an FHA loan with a 12.41% down payment offers accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of equity. The 87.59% loan-to-value (LTV) ratio confirms this is a lower-down-payment strategy, ideal for those with sub-620 credit. The effective property tax rate of 0.61% is modest, and the recent -10.7% inflation-adjusted tax shift reduces monthly burdens. When using an FHA loan calculator with PMI and taxes in Lawrence County, MS, note that the average property value of $196,739 and 6.405% rate mean MIP adds significant cost. This data reflects 100% owner-occupied purchases, not investments.

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.