Marion County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Marion County, MS Benchmarks

FHA averages

Typical Property Value$217,609

Average Down Payment12.6%

Average Interest Rate6.242%

Effective Tax Rate0.57%

Median Tax Paid$922/yr

Tax Growth (Historical)+2.8%

Based on 92 regional loans totaling $17,000,000 (HMDA database).

Home Price

Down Payment

$27,419 down · $190,190 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

$103 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$81 / month

Estimated Monthly Payment

$1,524/mo

Principal & Interest$1,190
Property Tax$103
Home Insurance$150
FHA MIP$81

Amortization · Remaining Balance

Financed Loan Amount

$193,519

Total Interest

$234,978

Total of Payments

$428,497

*Includes financed FHA Upfront MIP of $3,328

Local Market Insights

Marion County FHA Mortgage Overview

In Marion County, Mississippi, the typical FHA homebuyer puts down 12.64% on an average property value of $217,608.70. While this down payment provides accessible entry, it is crucial to understand that FHA loans require mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, regardless of this equity level. The 87.36% loan-to-value ratio confirms this, making it ideal for buyers with a sub-620 credit score seeking owner-occupied homes. For true monthly affordability, factor in the effective property tax rate of 0.57% and a recent inflation-adjusted tax shift of 2.8%, which will modestly increase your monthly obligation when using an FHA loan calculator with PMI and taxes in Marion County, MS.

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.