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Sunflower County FHA Loan Calculator

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

Loan Details

Sunflower County, MS Benchmarks

FHA averages
Typical Property Value$176,724
Average Down Payment12.6%
Average Interest Rate5.946%
Effective Tax Rate0.65%
Median Tax Paid$930/yr
Tax Growth (Historical)-0.8%
Based on 29 regional loans totaling $4,255,000 (HMDA database).
$
%

$22,267 down · $154,457 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$96 / month

$

Annual premium

$

Per month

%

$65 / month

Estimated Monthly Payment

$1,248/mo

  • Principal & Interest$937
  • Property Tax$96
  • Home Insurance$150
  • FHA MIP$65
Amortization · Remaining Balance

Financed Loan Amount

$157,160

Total Interest

$180,234

Total of Payments

$337,394

*Includes financed FHA Upfront MIP of $2,703

Local Market Insights

Sunflower County FHA Mortgage Overview

In Sunflower County, the typical FHA buyer places 12.57% down on a $176,724 home, reflecting accessible entry for owner-occupants. However, with an 87.43% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity—ideal for those with sub-620 credit. The 0.65% tax rate, adjusted -0.8% for inflation, modestly aids monthly affordability. When evaluating an FHA loan with PMI and taxes in Sunflower County, MS, or an FHA mortgage with property taxes, this low tax burden slightly offsets the permanent MIP cost. Understanding Sunflower County FHA loan limits and tax impacts is key to budgeting long-term payments.

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.