Mississippi mortgage calculator

30-year fixed mortgage calculator with Mississippi-specific defaults. Median home price $180,000 · property tax effective rate 0.81%. All inputs update live; share your scenario as a URL.

Median home price reconciled 2026-04-22. Source: Zillow Home Value Index, state-level.

Your loan

Home price

$100k$2M

Down payment$36,000

Interest rate30-yr avg: 6.875%

Loan term

Taxes & insurance

(optional, but realistic)

State

Mississippi

State pre-set for this page. Switch state

Property tax rate

~$122 per month

Homeowner insurance

HOA dues (if any)

PMI required. With 20% down (LTV 80.0%), private mortgage insurance is added at 0.50% of the loan annually — that's $60/month. PMI auto-removes at month 28 (78% LTV, per the Homeowners Protection Act).

Extra payments

(optional — accelerate payoff)

Biweekly paymentsPay half the monthly amount every two weeks (26 half-payments per year ≈ 13 monthly equivalents). Typically saves 4-7 years and tens of thousands in interest on a 30-year loan.

Extra each month

Applied as additional principal every month.

One-time lump sum

Single payment toward principal at the specified month (e.g. tax refund or bonus).

Estimated monthly payment

For a $180,000 home, 20% down, 6.875% APR, 30-year fixed in Mississippi.

Where your payment goes

Principal & interest$946

Property tax$122

Homeowner insurance$145

PMI$60

Loan amount

$144,000

Total interest

$196,552

Total paid

$340,552

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How your balance falls over time

The crossover point — where more of each payment goes to principal than interest — is at year 20.

BalanceInterest paidPrincipal paid

Amortization schedule

Year-by-year breakdown of every payment.

Period	Payment	Principal	Interest	Total interest paid	Balance
Y01Year 1	$11,352	$1,498	$9,853	$9,853	$142,502
Y02Year 2	$11,352	$1,605	$9,747	$19,600	$140,897
Y03Year 3	$11,352	$1,719	$9,633	$29,234	$139,178
Y04Year 4	$11,352	$1,840	$9,511	$38,745	$137,338
Y05Year 5	$11,352	$1,971	$9,381	$48,125	$135,367
Y06Year 6	$11,352	$2,111	$9,241	$57,366	$133,256
Y07Year 7	$11,352	$2,261	$9,091	$66,457	$130,995
Y08Year 8	$11,352	$2,421	$8,931	$75,388	$128,574
Y09Year 9	$11,352	$2,593	$8,759	$84,147	$125,981
Y10Year 10	$11,352	$2,777	$8,575	$92,721	$123,204
Y11Year 11	$11,352	$2,974	$8,378	$101,099	$120,230
Y12Year 12	$11,352	$3,185	$8,167	$109,266	$117,045
Y13Year 13	$11,352	$3,411	$7,941	$117,206	$113,634
Y14Year 14	$11,352	$3,653	$7,699	$124,905	$109,981
Y15Year 15	$11,352	$3,912	$7,439	$132,345	$106,069
Y16Year 16	$11,352	$4,190	$7,162	$139,506	$101,879
Y17Year 17	$11,352	$4,487	$6,865	$146,371	$97,391
Y18Year 18	$11,352	$4,806	$6,546	$152,917	$92,586
Y19Year 19	$11,352	$5,147	$6,205	$159,122	$87,439
Y20Year 20	$11,352	$5,512	$5,840	$164,962	$81,927
Y21Year 21	$11,352	$5,903	$5,449	$170,411	$76,025
Y22Year 22	$11,352	$6,322	$5,030	$175,441	$69,703
Y23Year 23	$11,352	$6,770	$4,581	$180,022	$62,932
Y24Year 24	$11,352	$7,251	$4,101	$184,123	$55,682
Y25Year 25	$11,352	$7,765	$3,586	$187,710	$47,916
Y26Year 26	$11,352	$8,316	$3,035	$190,745	$39,600
Y27Year 27	$11,352	$8,906	$2,445	$193,190	$30,694
Y28Year 28	$11,352	$9,538	$1,813	$195,004	$21,155
Y29Year 29	$11,352	$10,215	$1,137	$196,140	$10,940
Y30Year 30	$11,352	$10,940	$412	$196,552	$0

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Mississippi — related

Mississippi income tax

Top marginal 4.40% · Flat rate

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Compare scenarios

Up to three mortgage scenarios side-by-side with a differential row.

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National 30-year fixed

Same calculator with cross-state defaults; manually pick any state.

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Last updated 2026-05-13