CALCMONEY // MORTGAGE // MS // JACKSON
Calculate your monthly mortgage payment using Jackson-specific property tax rates and local market data.
$145,000
6.95%
0.66%
77
| Principal & Interest | $768 |
| Property Tax | $80 |
| Homeowners Insurance (est.) | $48 |
| Total Monthly Payment (PITI) | $896 |
$29,000
$160,429
$38,398/yr
Jackson homebuyers are working with a $145,000 median price point, 65% below the national figure. Against the $42,000 median household income in the area, that's a 3.5x multiple.
At a 0.66% effective rate, Jackson property taxes add $80 to the monthly payment on the median home, $957 a year in total.
Mississippi levies a state income tax on top of the $896/month this mortgage runs. Model your real after-tax take-home before deciding how much payment you can carry.
Jackson's cost of living index is 77, below the 100 national baseline. That's on top of the housing numbers above, not instead of them.
Jackson's median home price runs 26% lower than nearby Gulfport: $195,000 there versus $145,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $116,000 loan saves $5,220 in interest over 30 years.
Compare Top Jackson Mortgage LendersGulfport
$195,000 median
MSSouthaven
$225,000 median
MSHattiesburg
$180,000 median
MSBiloxi
$215,000 median