Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Mississippi>Marshall County (FHA)

Marshall County FHA Loan Calculator

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

Loan Details

Marshall County, MS Benchmarks

FHA averages
Typical Property Value$285,000
Average Down Payment7.5%
Average Interest Rate5.628%
Effective Tax Rate0.60%
Median Tax Paid$1,213/yr
Tax Growth (Historical)-8.5%
Based on 271 regional loans totaling $69,285,000 (HMDA database).
$
%

$21,375 down · $263,625 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$143 / month

$

Annual premium

$

Per month

%

$112 / month

Estimated Monthly Payment

$1,949/mo

  • Principal & Interest$1,545
  • Property Tax$143
  • Home Insurance$150
  • FHA MIP$112
Amortization · Remaining Balance

Financed Loan Amount

$268,238

Total Interest

$287,954

Total of Payments

$556,192

*Includes financed FHA Upfront MIP of $4,613

Local Market Insights

Marshall County FHA Mortgage Overview

For Marshall County homebuyers, an FHA loan with a 7.54% down payment is a highly accessible entry point, especially for those with sub-620 credit scores. However, this low equity means the mandatory Mortgage Insurance Premium (MIP) is required for the loan's life, not just until you build equity. The 92.46% loan-to-value ratio confirms this risk profile. With an average property value of $285,000, the effective 0.60% property tax rate is modest. Crucially, the recent 8.5% inflation-adjusted tax decrease improves true monthly affordability for an FHA loan with PMI and taxes in Marshall County, MS. This data reflects standard 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.