Mississippi Closing Costs Calculator
Estimate closing costs for buying a home in Mississippi. Average closing costs run 1.4% of the purchase price (about $2K on the median home).
Mississippi: Avg closing costs 1.4% of price. Transfer tax: 0%.
Lender Fees
$1,685
origination, underwriting
Third-Party
$2,325
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$3,921
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,260
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,175
Recording Fee$150
Prepaid Taxes (3 mo)$350
Prepaid Insurance (12 mo)$2,400
Prepaid Interest (15 days)$421
Escrow Reserves$750
Total Closing Costs$7,931
Mississippi Housing at a Glance
Median Home Price
$175K
Mississippi statewide
Property Tax Rate
0.8%
$117/mo on median
Avg Closing Costs
$2K
1.4% of purchase price
Homeowners Insurance
$2,400/yr
$200/mo
Mississippi First-Time Buyer Program
MHC Smart Solution
Down payment assistance: Up to $10,000 DPA