Stone County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Stone County, MS Benchmarks

FHA averages

Typical Property Value$212,576

Average Down Payment9.0%

Average Interest Rate6.503%

Effective Tax Rate0.49%

Median Tax Paid$1,134/yr

Tax Growth (Historical)+11.0%

Based on 66 regional loans totaling $12,460,000 (HMDA database).

Home Price

Down Payment

$19,132 down · $193,444 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

$87 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$82 / month

Estimated Monthly Payment

$1,563/mo

Principal & Interest$1,244
Property Tax$87
Home Insurance$150
FHA MIP$82

Amortization · Remaining Balance

Financed Loan Amount

$196,829

Total Interest

$251,045

Total of Payments

$447,875

*Includes financed FHA Upfront MIP of $3,385

Local Market Insights

Stone County FHA Mortgage Overview

In Stone County, the 8.99% average FHA down payment offers accessible entry, but note that FHA Mortgage Insurance Premiums (MIP) are required for the loan’s life regardless of equity. The 91.01% loan-to-value ratio confirms minimal equity at purchase, ideal for buyers with sub-620 credit. The effective property tax rate of 0.49% is moderate, yet the 11.0% inflation-adjusted tax increase will raise true monthly costs. For an FHA loan with PMI and taxes in Stone County, MS, this data highlights how lower upfront requirements are offset by permanent MIP and rising property tax burdens.

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.