Mississippi Mortgage Calculator
Estimate the monthly PITI payment on a Mississippi home. Preseeded with the state’s 0.75% effective property-tax rate, $2,000 average annual insurance, and $180,000 median home price.
Loan Parameters
$
$
Percentage
20.0 %
Loan Term
Advanced Options
$
Monthly Payment (PITI)
$1,249
- Principal & Interest
- $910
- Property Taxes
- $113
- Home Insurance
- $167
- PMI
- $60
Total Interest
$183,664
Total Cost
$428,164
Payoff Year
2056
Mississippi Property Tax, Insurance & Home Prices
- Effective property-tax rate
- 0.75%
- Avg annual insurance
- $2,000
- Median home price
- $180,000
Statewide averages, last reviewed May 2026. Actual rates and premiums vary significantly by county, city, and parcel — see the notes below.
Notable Mississippi Rules
Mississippi has one of the lowest median home prices in the country. Homestead exemption gives $300 in tax credit (or full exemption for 65+ and disabled homeowners). Coastal counties (Hancock, Harrison, Jackson) face significantly higher insurance premiums due to hurricane exposure.
Mortgage Calculators for Other States
Related Calculators
Frequently Asked Questions
- Mississippi's statewide effective property-tax rate is approximately 0.75% of home value (last reviewed May 2026). Actual county- and city-level rates vary; check your specific parcel before budgeting.