Skip to content

Mississippi Mortgage Calculator

Estimate your monthly mortgage payment in Mississippi, pre-loaded with the state's 0.79% average property tax rate and local insurance costs.

Median home price
$190,000
Avg property tax
0.79%
Avg insurance
$2,100/yr
$190,000
$38,000 (20%)

20%+ — no PMI

6.75%
Loan term
Taxes, insurance & fees
%
$
%
$

Estimated monthly payment

$1,286

on a $152,000 loan

Monthly$1,286
  • Principal & interest$986
  • Property tax$125
  • Home insurance$175
Loan amount
$152,000
Down payment
20%
Total interest
$202,913
Total of payments
$354,913

Buying a home in Mississippi

Housing costs in Mississippi are shaped by local property taxes, insurance, and home prices. With an average effective property tax rate of 0.79% and a median home price around $190,000, a typical buyer putting 20% down would finance roughly $152,000. Use the calculator above to model your own price, down payment, and rate — it already reflects Mississippi's tax and insurance averages so your estimate is closer to reality.

Remember that these figures are statewide averages. Your county and city can have meaningfully different tax rates, and insurance premiums depend on your specific home. For the most accurate estimate, enter a quote from a licensed Mississippi lender and your actual insurance and tax figures.

Mortgage calculators for other states

From Axion Integration Services

Automating a new home in Georgia?

Axion Integration Services designs smart-home and business automation systems across Georgia. Ask us about wiring your new home for the future.

Explore our services

Mississippi mortgage FAQs

What is the average property tax rate in Mississippi?

Mississippi has an average effective property tax rate of about 0.79% of a home's value per year. On the state's indicative median home price of $190,000, that works out to roughly $1,501 per year, usually collected monthly through escrow.

How much is a mortgage payment in Mississippi?

Your payment depends on the home price, down payment, interest rate, and term. We've pre-filled this calculator with Mississippi's median home price of $190,000 and local tax and insurance estimates — adjust the sliders to match your situation.

Does this calculator include Mississippi homeowners insurance?

Yes. We've defaulted to an indicative Mississippi average of about $2,100 per year. Insurance varies by location, home age, and coverage, so enter a real quote for the most accurate estimate.