Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Kentucky>Ballard County (FHA)

Ballard County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Ballard County, Kentucky based on real HMDA transaction records.

Loan Details

Ballard County, KY Benchmarks

FHA averages
Typical Property Value$164,032
Average Down Payment12.0%
Average Interest Rate6.661%
Effective Tax Rate0.66%
Median Tax Paid$1,065/yr
Tax Growth (Historical)-3.2%
Based on 31 regional loans totaling $4,405,000 (HMDA database).
$
%

$19,684 down · $144,348 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$90 / month

$

Annual premium

$

Per month

%

$61 / month

Estimated Monthly Payment

$1,245/mo

  • Principal & Interest$944
  • Property Tax$90
  • Home Insurance$150
  • FHA MIP$61
Amortization · Remaining Balance

Financed Loan Amount

$146,874

Total Interest

$192,913

Total of Payments

$339,787

*Includes financed FHA Upfront MIP of $2,526

Local Market Insights

Ballard County FHA Mortgage Overview

Ballard County FHA buyers are leveraging the 12.02% down payment to access homeownership, though this triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—a key consideration when evaluating an FHA loan with PMI and taxes in Ballard County, KY. The 87.98% loan-to-value ratio confirms minimal equity, making this structure ideal for owner-occupants. The effective 0.66% property tax rate, combined with a -3.2% inflation-adjusted tax decrease, slightly improves true monthly affordability. For those reviewing Ballard County FHA loan limits and tax scenarios, this low tax burden helps offset the permanent MIP cost, keeping monthly obligations manageable for primary residence buyers.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.