Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Hattiesburg mortgage calculator
A median-priced Hattiesburg, MS home at 6.75% over 30 years, with Mississippi property tax of 0.75% and $3,300 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$1,385 a month, all in
Principal and interest are $943; escrow and PMI add the rest. Over the full term the loan costs $194,035 in interest. Discounted at 5%, buying here has a net present value of $69,277 ($195,190 in today’s dollars).
Within Mississippi, Hattiesburg is 3rd of the 4 Mississippi markets covered here, between Southaven at the top and Jackson at the bottom of a 1.50x spread. A state-level median hides most of that.
At $161,500 to buy and $1,035 a month to rent, the price-to-rent ratio is 13.0 — low. Ownership tends to pull ahead quickly at that level, and the binding question is transaction costs rather than the monthly comparison.
Hattiesburg is cheaper than Mississippi as a whole — $161,500 against a state median of $190,000, roughly 15% below. On a 20% deposit that is $5,700 less to find up front.
Monthly cost in Hattiesburg vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $161,500 |
|---|---|
| Down payment (10%) | $16,150 |
| Loan amount | $145,350 |
| Principal & interest | $943/mo |
| Property tax (0.75%) | $101/mo |
| Homeowners insurance | $275/mo |
| PMI while above 80% LTV | $67/mo |
| Total monthly payment | $1,385/mo |
| Comparable rent | $1,035/mo |
What a rate move does to the Hattiesburg payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $825/mo |
| 6% | $871/mo |
| 6.5% | $919/mo |
| 7% | $967/mo |
| 7.5% | $1,016/mo |
| 8% | $1,067/mo |
Rent or buy in Hattiesburg?
Against $1,035 a month in rent, over 7 years renting leaves you about $12,537 better off — $10,547 once 2.5% inflation is stripped out. See the Mississippi rent-vs-buy page.
Where these numbers come from
Mississippi medians come from editorial and are refreshed weekly. The Hattiesburg figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.