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Yalobusha County FHA Loan Calculator

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

Loan Details

Yalobusha County, MS Benchmarks

FHA averages
Typical Property Value$211,792
Average Down Payment10.6%
Average Interest Rate6.283%
Effective Tax Rate0.47%
Median Tax Paid$809/yr
Tax Growth (Historical)-1.9%
Based on 53 regional loans totaling $9,705,000 (HMDA database).
$
%

$22,450 down · $189,342 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$83 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,503/mo

  • Principal & Interest$1,190
  • Property Tax$83
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$192,656

Total Interest

$235,735

Total of Payments

$428,391

*Includes financed FHA Upfront MIP of $3,313

Local Market Insights

Yalobusha County FHA Mortgage Overview

In Yalobusha County, the 10.60% average down payment on FHA loans reflects accessible entry, but note that the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life, regardless of equity. The 89.40% median loan-to-value ratio confirms a low-equity profile, typical for first-time buyers with sub-620 credit scores. With a 0.47% property tax rate and a -1.9% inflation-adjusted tax decrease, monthly affordability is slightly improved. For a detailed breakdown of FHA down payments and property taxes in Yalobusha County, MS, these figures provide a clear baseline for evaluating your true monthly costs.

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.