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Boyle County FHA Loan Calculator

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

Loan Details

Boyle County, KY Benchmarks

FHA averages
Typical Property Value$234,213
Average Down Payment9.5%
Average Interest Rate6.302%
Effective Tax Rate0.76%
Median Tax Paid$1,731/yr
Tax Growth (Historical)-1.9%
Based on 127 regional loans totaling $26,275,000 (HMDA database).
$
%

$22,250 down · $211,963 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$148 / month

$

Annual premium

$

Per month

%

$90 / month

Estimated Monthly Payment

$1,723/mo

  • Principal & Interest$1,335
  • Property Tax$148
  • Home Insurance$150
  • FHA MIP$90
Amortization · Remaining Balance

Financed Loan Amount

$215,672

Total Interest

$264,910

Total of Payments

$480,583

*Includes financed FHA Upfront MIP of $3,709

Local Market Insights

Boyle County FHA Mortgage Overview

Boyle County homebuyers using FHA loans are leveraging a 9.52% weighted average down payment on a $234,213 property, providing accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. With a 90.48% LTV ratio and 100% owner-occupancy, this data reflects standard buyers, not investors. The 0.76% effective property tax rate, coupled with a -1.9% inflation-adjusted decline, slightly reduces true monthly costs. For those exploring an FHA loan with PMI and taxes in Boyle County, KY, or assessing down payment options, this stable tax environment and low entry point enhance affordability for primary residences.

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.