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Walthall County FHA Loan Calculator

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

Loan Details

Walthall County, MS Benchmarks

FHA averages
Typical Property Value$221,739
Average Down Payment12.1%
Average Interest Rate6.481%
Effective Tax Rate0.49%
Median Tax Paid$913/yr
Tax Growth (Historical)-6.4%
Based on 46 regional loans totaling $8,520,000 (HMDA database).
$
%

$26,830 down · $194,909 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$91 / month

$

Annual premium

$

Per month

%

$83 / month

Estimated Monthly Payment

$1,574/mo

  • Principal & Interest$1,251
  • Property Tax$91
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$198,319

Total Interest

$252,007

Total of Payments

$450,326

*Includes financed FHA Upfront MIP of $3,411

Local Market Insights

Walthall County FHA Mortgage Overview

For Walthall County homebuyers utilizing FHA financing, the 12.10% average down payment and 87.90% loan-to-value ratio indicate accessible entry. However, FHA mortgage insurance premiums (MIP) are required for the loan's life, regardless of this down payment. With a low effective property tax rate of 0.49% and a recent inflation-adjusted decrease of -6.4%, monthly affordability is improved. When evaluating an FHA loan with PMI and taxes in Walthall County, MS, this tax relief partially offsets the permanent MIP cost, making it suitable for owner-occupants with sub-620 credit scores.

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.