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Breathitt County FHA Loan Calculator

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

Loan Details

Breathitt County, KY Benchmarks

FHA averages
Typical Property Value$178,077
Average Down Payment15.8%
Average Interest Rate6.417%
Effective Tax Rate0.66%
Median Tax Paid$510/yr
Tax Growth (Historical)-5.0%
Based on 13 regional loans totaling $1,765,000 (HMDA database).
$
%

$28,136 down · $149,941 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$98 / month

$

Annual premium

$

Per month

%

$64 / month

Estimated Monthly Payment

$1,268/mo

  • Principal & Interest$956
  • Property Tax$98
  • Home Insurance$150
  • FHA MIP$64
Amortization · Remaining Balance

Financed Loan Amount

$152,565

Total Interest

$191,703

Total of Payments

$344,268

*Includes financed FHA Upfront MIP of $2,624

Local Market Insights

Breathitt County FHA Mortgage Overview

For Breathitt County homebuyers, the 15.83% weighted average down payment on an FHA loan reflects accessible entry, though mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life—ideal for those with sub-620 credit scores. The 84.17% loan-to-value ratio confirms minimal equity risk for lenders. With a 0.66% effective property tax rate and a recent -5.0% inflation-adjusted tax shift, monthly affordability improves slightly. When evaluating a Breathitt County FHA mortgage with property taxes, this tax relief lowers true costs. For those using an FHA loan down payment analysis, remember MIP persists regardless of equity, making this market suited 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.