Mortgage Rates in Pontotoc, Mississippi — March 2026
Updated March 2026 | Based on Pontotoc market data and regional lending conditions
Pontotoc is a growing city in Mississippi with a population of 6,047. The current 30-year fixed mortgage rate in Pontotoc is 6.74%, which is 0.09% above the national average. With a median home price of $115,000 and a 20% down payment of $23,000, homebuyers can expect a monthly principal and interest payment of approximately $596.
Current Mortgage Rates in Pontotoc, MS
Below are the current average mortgage rates available in the Pontotoc area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Pontotoc Housing Market Overview
The Pontotoc housing market offers relatively affordable housing compared to many major cities. The median household income in Pontotoc is $38,600, and the cost of living index is 81.6 (national average = 100). Based on the 28% affordability rule, the median income in Pontotoc is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Pontotoc
Based on the median home price of $115,000 with 20% down ($23,000), here is what you can expect to pay monthly in Pontotoc:
15-Year vs. 30-Year Mortgage in Pontotoc
Choosing a 15-year mortgage in Pontotoc at 5.98% instead of a 30-year at 6.74% would save you $75,060 in total interest over the life of the loan. However, your monthly payment would be $775 instead of $596 — an increase of $179 per month.
Calculate Your Pontotoc Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Pontotoc
What are the current mortgage rates in Pontotoc, MS?
As of March 2026, the average 30-year fixed mortgage rate in Pontotoc, Mississippi is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Pontotoc?
Based on the median home price of $115,000 with 20% down, the estimated monthly mortgage payment in Pontotoc is $596 for principal and interest. Including property taxes of $81/month, the total monthly housing cost is approximately $677.
What income do I need to buy a home in Pontotoc?
Using the 28% rule, you would need an annual income of approximately $29,014 to afford the median-priced home in Pontotoc at $115,000. The median household income in Pontotoc is $38,600. The median income is currently sufficient to meet this threshold.
Is Pontotoc a good place to buy a home in 2026?
Pontotoc offers a below-average cost of living with a cost of living index of 81.6 (national average = 100). The property tax rate in Mississippi is 0.84%, which is near the national average. Pontotoc has a population of 6,047 and offers a very affordable lifestyle.
Mortgage Rates in Other Mississippi Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Pontotoc, Mississippi area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.