Mississippi Mortgage Calculator
Estimate your monthly mortgage payment in Mississippi based on the state median home price of $175K, a 0.8% property tax rate, and $2K/year homeowners insurance.
$35,000
MS avg
Principal & Interest
$885
per month
Taxes & Insurance
$317
per month
Total Interest Paid
$179K
over 30 years
Total Loan Cost
$319K
all payments
Payment Breakdown
Loan Amount$140,000
Principal & Interest$885
Property Taxes$117
Homeowners Insurance$200
Total Monthly PITI$1,202
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