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Newton County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Newton County, MS Benchmarks

FHA averages
Typical Property Value$170,614
Average Down Payment10.4%
Average Interest Rate6.310%
Effective Tax Rate0.49%
$
%

$17,744 down · $152,870 financed

Estimated Monthly Payment

$1,248/mo

  • Principal & Interest$964
  • Property Tax$70
  • Home Insurance$150
  • FHA MIP$65
Amortization · Remaining Balance

Financed Loan Amount

$155,545

Total Interest

$191,422

Total of Payments

$346,967

*Includes financed FHA Upfront MIP of $2,675

Local Market Insights

Newton County FHA Mortgage Overview

For Newton County, Mississippi, FHA buyers leverage a 10.41% down payment on an average property value of $170,614.04, providing accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan's life due to the 89.59% LTV ratio. The 6.310% interest rate and effective property tax rate of 0.49% keep monthly costs manageable, especially given the recent -8.1% inflation-adjusted tax shift, which improves true affordability. This FHA mortgage data, reflecting 100% primary occupancy, suits buyers with sub-620 credit seeking lower upfront costs when evaluating FHA loan limits and property taxes in Newton County.

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.