Lincoln County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Lincoln County, MS Benchmarks

FHA averages

Typical Property Value$209,330

Average Down Payment8.3%

Average Interest Rate6.432%

Effective Tax Rate0.57%

Median Tax Paid$1,089/yr

Tax Growth (Historical)+11.8%

Based on 97 regional loans totaling $18,295,000 (HMDA database).

Home Price

Down Payment

$17,374 down · $191,956 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

$99 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$81 / month

Estimated Monthly Payment

$1,556/mo

Principal & Interest$1,226
Property Tax$99
Home Insurance$150
FHA MIP$81

Amortization · Remaining Balance

Financed Loan Amount

$195,315

Total Interest

$245,881

Total of Payments

$441,196

*Includes financed FHA Upfront MIP of $3,359

Local Market Insights

Lincoln County FHA Mortgage Overview

For Lincoln County FHA buyers, the 8.28% down payment on a $209,329 average property provides accessible entry, but the 91.72% LTV means mandatory Mortgage Insurance Premiums (MIP) for the loan's life—ideal for sub-620 credit profiles. The 0.57% effective property tax rate is low, yet the 11.8% inflation-adjusted rise adds $1,400+ annually to true monthly affordability. When using an FHA loan calculator with PMI and taxes in Lincoln County, MS, or reviewing Lincoln County FHA loan limits and tax calculators, factor in this permanent MIP cost against the minimal down payment benefit.

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.