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Oktibbeha County FHA Loan Calculator

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

Loan Details

Oktibbeha County, MS Benchmarks

FHA averages
Typical Property Value$278,039
Average Down Payment9.5%
Average Interest Rate6.244%
Effective Tax Rate0.69%
Median Tax Paid$1,691/yr
Tax Growth (Historical)-2.7%
Based on 102 regional loans totaling $25,130,000 (HMDA database).
$
%

$26,414 down · $251,625 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$160 / month

$

Annual premium

$

Per month

%

$107 / month

Estimated Monthly Payment

$1,991/mo

  • Principal & Interest$1,575
  • Property Tax$160
  • Home Insurance$150
  • FHA MIP$107
Amortization · Remaining Balance

Financed Loan Amount

$256,029

Total Interest

$310,881

Total of Payments

$566,909

*Includes financed FHA Upfront MIP of $4,403

Local Market Insights

Oktibbeha County FHA Mortgage Overview

For Oktibbeha County homebuyers using an FHA loan, the 9.51% weighted average down payment offers accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity. With a 90.49% median loan-to-value ratio, this data reflects 100% primary residences. The effective property tax rate of 0.69% is low, and the recent -2.7% inflation-adjusted tax shift further improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Oktibbeha County, MS, remember this structure suits buyers with sub-620 credit scores seeking stable, owner-occupied financing.

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.