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Lowndes County FHA Loan Calculator

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

Loan Details

Lowndes County, MS Benchmarks

FHA averages
Typical Property Value$223,464
Average Down Payment8.6%
Average Interest Rate6.351%
Effective Tax Rate0.54%
Median Tax Paid$992/yr
Tax Growth (Historical)-4.5%
Based on 267 regional loans totaling $53,485,000 (HMDA database).
$
%

$19,218 down · $204,246 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$101 / month

$

Annual premium

$

Per month

%

$87 / month

Estimated Monthly Payment

$1,630/mo

  • Principal & Interest$1,293
  • Property Tax$101
  • Home Insurance$150
  • FHA MIP$87
Amortization · Remaining Balance

Financed Loan Amount

$207,820

Total Interest

$257,707

Total of Payments

$465,528

*Includes financed FHA Upfront MIP of $3,574

Local Market Insights

Lowndes County FHA Mortgage Overview

For Lowndes County homebuyers using an FHA loan, the 8.64% average down payment on a $223,464 property provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of the 91.36% Loan-to-Value ratio. This data reflects 100% primary occupancy, not investors. The 0.54% effective property tax rate is moderate, and the recent -4.5% inflation-adjusted tax change offers slight monthly relief. When evaluating an FHA mortgage with PMI and taxes in Lowndes County, MS, remember MIP is permanent, making this structure ideal for buyers with sub-620 credit seeking predictable Lowndes County FHA loan limits.

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.