CALCMONEY // MORTGAGE // MS // SOUTHAVEN
Calculate your monthly mortgage payment using Southaven-specific property tax rates and local market data.
$225,000
6.95%
0.55%
88
| Principal & Interest | $1,192 |
| Property Tax | $103 |
| Homeowners Insurance (est.) | $75 |
| Total Monthly Payment (PITI) | $1,370 |
$45,000
$248,942
$58,698/yr
Home prices in Southaven run 46% below the national median: $225,000 versus $420,000. Relative to the $68,000 median household income here, the price-to-income ratio comes out to 3.3x.
At a 0.55% effective rate, Southaven property taxes add $103 to the monthly payment on the median home, $1,238 a year in total.
Mississippi levies a state income tax on top of the $1,370/month this mortgage runs. Model your real after-tax take-home before deciding how much payment you can carry.
Southaven's cost of living index is 88, below the 100 national baseline. That's on top of the housing numbers above, not instead of them.
Southaven's median home price runs 55% higher than nearby Jackson: $145,000 there versus $225,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $180,000 loan saves $8,100 in interest over 30 years.
Compare Top Southaven Mortgage LendersJackson
$145,000 median
MSGulfport
$195,000 median
MSHattiesburg
$180,000 median
MSBiloxi
$215,000 median