Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Mississippi>Union County (FHA)

Union County FHA Loan Calculator

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

Loan Details

Union County, MS Benchmarks

FHA averages
Typical Property Value$246,321
Average Down Payment10.4%
Average Interest Rate6.215%
Effective Tax Rate0.42%
Median Tax Paid$918/yr
Tax Growth (Historical)-2.9%
Based on 106 regional loans totaling $23,070,000 (HMDA database).
$
%

$25,617 down · $220,704 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$86 / month

$

Annual premium

$

Per month

%

$94 / month

Estimated Monthly Payment

$1,707/mo

  • Principal & Interest$1,377
  • Property Tax$86
  • Home Insurance$150
  • FHA MIP$94
Amortization · Remaining Balance

Financed Loan Amount

$224,566

Total Interest

$271,102

Total of Payments

$495,668

*Includes financed FHA Upfront MIP of $3,862

Local Market Insights

Union County FHA Mortgage Overview

For Union County homebuyers utilizing FHA financing, the 10.41% average down payment (exceeding the 3.5% minimum) provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) are required for the loan's life given the 89.59% Loan-to-Value ratio. This structure is ideal for those seeking an FHA loan calculator with PMI and taxes in Union County, MS, as the low 0.42% effective property tax rate offsets some monthly costs. The recent -2.9% inflation-adjusted tax change further enhances affordability. This data reflects 100% owner-occupied purchases, not investments, reinforcing a stable local market for your Union County FHA mortgage considerations.

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.