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Winston County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Winston County, MS Benchmarks

FHA averages
Typical Property Value$183,448
Average Down Payment10.9%
Average Interest Rate6.237%
Effective Tax Rate0.49%
$
%

$19,996 down · $163,452 financed

Estimated Monthly Payment

$1,317/mo

  • Principal & Interest$1,023
  • Property Tax$75
  • Home Insurance$150
  • FHA MIP$69
Amortization · Remaining Balance

Financed Loan Amount

$166,313

Total Interest

$201,944

Total of Payments

$368,256

*Includes financed FHA Upfront MIP of $2,860

Local Market Insights

Winston County FHA Mortgage Overview

Winston County homebuyers are leveraging FHA financing with a 10.95% down payment, providing accessible entry despite the 6.237% interest rate. This lower down payment, however, triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, given the 89.05% LTV ratio—a key consideration when evaluating an FHA loan with PMI and taxes in Winston County, MS. The 0.49% effective property tax rate is modest, and the -0.4% inflation-adjusted tax change offers slight monthly relief, enhancing affordability for owner-occupied primary residences. This data reflects standard homebuyers, not investors.

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.