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Mississippi Mortgage Calculator

Estimate your true cost of homeownership in Mississippi with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$1,498
P&I Payment$1,096
Taxes & Ins$214
Utilities$189
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Mortgage Details

$207,119
Local Median: $207,119
$41,424 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$1,498

Monthly Breakdown

Principal & Interest
$1,096
Property Taxes
$103
Homeowners Ins.
$111
Utilities
$189

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$228,799

Local Housing Facts for Mississippi

  • ·Median home value: $207,119 (adjusted for current market conditions)
  • ·Est. property taxes: $1,241/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,326/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,262/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in Mississippi?

Based on the local median home value, estimated real estate property taxes in Mississippi are around $1,241 per year.

What is the average home price in Mississippi?

The median home value in Mississippi is currently estimated at $207,119.

How much does homeowners insurance cost in Mississippi?

For a median priced home, homeowners insurance in Mississippi averages around $1,326 annually.

What is the true total cost of owning a home in Mississippi?

True homeownership costs go beyond principal and interest. In Mississippi, a typical homeowner with a median-priced home of $207,119 can expect to pay roughly $1,241/yr in property taxes, $1,326/yr for homeowners insurance, and $2,262/yr in energy utilities. That adds approximately $402 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.