The calculator below is pre-filled with Hinds County's own property tax rate and insurance average (expand "More options" to see or edit them) — not just Mississippi's statewide figures.

Hinds County at a glance

Effective property tax rate: 1.33% of home value / year
Median home price: $162,994
Homeowners insurance (avg/year): $3,289
Conforming loan limit (1-unit, 2026): $832,750

County data last updated 2026-08-28. FIPS 28049. Full source list on /methodology.

Hinds County, MS mortgage payment calculator

All-in cost first, always — pre-filled with Hinds County tax and insurance figures. Estimate only, not a loan quote or pre-approval.

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Related reading

Closing Costs in Mississippi: What You'll Actually Pay

Mississippi charges no real estate transfer tax and no mortgage recording tax, so closing on a $284,900 home skips the two biggest government line items.

What Is PMI, and How Do You Get Rid of It?

Private mortgage insurance explained in plain English — what it costs, why it exists, the exact federal rules for cancelling it, and how to work out the month your PMI is scheduled to end.

Guides & templates

Buying a Home With Someone Else

The operational guide to buying property with a partner, friend, sibling, or parent — credit and DTI mechanics, title vesting, a clause-by-clause co-ownership agreement, and how the exit actually works.

The First-Time Buyer's Playbook: 12 Months to Closing Day

A month-by-month plan for the year before you buy: what to do in each phase, what never to touch, how to document every dollar, and how to survive closing day.

Mississippi at a glance

Median home price: $284,900
Typical closing costs: 4%–6% of price
Transfer tax: None
Closing custom: attorney
Homestead exemption: Mississippi's homestead exemption reduces ad-valorem property tax on an owner-occupied primary residence by exempting the first $7,500 of assessed value, capped at $300 of actual tax dollars (whichever is less) — a modest, statewide flat exemption rather than a percentage-of-value or uncapped exemption like some other states. Requires filing with the county tax assessor. dor.ms.gov (the primary source) remains unreachable from this environment (persistent TLS certificate error, reconfirmed 2026-08-28) — this figure is sourced from Wikipedia's 'Homestead exemption' article as a secondary source and accepted for use on that basis. Could not confirm whether an enhanced additional exemption exists for seniors (65+) or disabled homeowners; do not assume one without further verification.

First-time buyer / down payment assistance programs

Mississippi Home Corporation Easy8
Mississippi Home Corporation's (the state HFA) 30-year fixed-rate first mortgage bundled with an $8,000 second mortgage at 0% interest for down payment/closing costs, with the second-mortgage principal due upon sale, refinance, the home becoming non-owner-occupied, or loan maturity.
Mississippi Home Corporation Smart7
Mississippi Home Corporation 30-year fixed-rate first mortgage bundled with a $7,000 second mortgage at 0% interest for down payment/closing costs; per MHC, first-time-buyer status is not required for this program (unlike Easy8/Trusty10), broadening eligibility to repeat buyers in some cases.