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Mississippi Mortgage Calculator

Your monthly mortgage payment in Mississippi, with Mississippi's effective property tax rate (0.72%) built in, at this week's average rate. The calculator starts at the state's median home value, $169,800.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$1,189.41The answer

Monthly payment

$1,189.41

A $170,000 home with 20% down ($136,000 borrowed) at 7.18% over 30 years costs about $1,189 a month: $921 principal and interest plus $268 of tax, insurance and dues.

Principal and interest: $921.31
Tax, insurance, PMI and HOA: $268.10
Total interest over the loan: $195,672

Amortization by year: $136,000 at 7.18%

Year	Interest	Principal	Balance
1	$9,721.46	$1,334.28	$134,665.72
2	$9,622.44	$1,433.30	$133,232.43
3	$9,516.08	$1,539.66	$131,692.77
4	$9,401.82	$1,653.92	$130,038.85
5	$9,279.08	$1,776.66	$128,262.19
6	$9,147.23	$1,908.51	$126,353.68
7	$9,005.60	$2,050.14	$124,303.54
8	$8,853.46	$2,202.28	$122,101.27
9	$8,690.03	$2,365.71	$119,735.56
10	$8,514.46	$2,541.27	$117,194.28
11	$8,325.88	$2,729.86	$114,464.42
12	$8,123.29	$2,932.45	$111,531.98
13	$7,905.67	$3,150.06	$108,381.91
14	$7,671.90	$3,383.83	$104,998.08
15	$7,420.79	$3,634.95	$101,363.13
16	$7,151.04	$3,904.70	$97,458.43
17	$6,861.27	$4,194.47	$93,263.96
18	$6,549.99	$4,505.74	$88,758.22
19	$6,215.62	$4,840.12	$83,918.10
20	$5,856.43	$5,199.31	$78,718.79
21	$5,470.59	$5,585.15	$73,133.64
22	$5,056.11	$5,999.63	$67,134.02
23	$4,610.87	$6,444.86	$60,689.15
24	$4,132.60	$6,923.14	$53,766.01
25	$3,618.83	$7,436.91	$46,329.10
26	$3,066.93	$7,988.81	$38,340.30
27	$2,474.08	$8,581.66	$29,758.64
28	$1,837.22	$9,218.51	$20,540.12
29	$1,153.11	$9,902.62	$10,637.50
30	$418.23	$10,637.50	$0.00

Download the schedule (CSV)

This week's mortgage rates

Monthly payment in Mississippi by home price (20% down, 7%, 30 years, 0.72% tax, $2,000 insurance)

Home price	Principal and interest	Property tax	Total
$80,000	$426	$48	$640
$130,000	$692	$78	$936
$170,000	$905	$101	$1,173
$250,000	$1,331	$149	$1,646
$340,000	$1,810	$203	$2,179

How this calculator works

As the mortgage calculator, with Mississippi's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $1,215 ÷ median value $169,800.

Questions people ask

What is the mortgage payment on a median home in Mississippi?

On $169,800 with 20% down at 7% over 30 years: about $904 principal and interest and $101 of property tax, $1,172 a month with $2,000 a year of insurance.

What is the median home value in Mississippi?

$169,800 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Mississippi?

The effective rate is 0.72%, a median $1,215 a year. See Mississippi's property tax page for every county we cover.

How much income do I need for a median Mississippi home?

Under the 28% guideline, about $50,217 a year for the payment above; Mississippi's median household income is $56,447.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.