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Butler County FHA Loan Calculator

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

Loan Details

Butler County, KY Benchmarks

FHA averages
Typical Property Value$235,476
Average Down Payment12.2%
Average Interest Rate6.361%
Effective Tax Rate0.50%
Median Tax Paid$645/yr
Tax Growth (Historical)+5.3%
Based on 42 regional loans totaling $8,280,000 (HMDA database).
$
%

$28,728 down · $206,748 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$98 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,646/mo

  • Principal & Interest$1,310
  • Property Tax$98
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$210,366

Total Interest

$261,359

Total of Payments

$471,725

*Includes financed FHA Upfront MIP of $3,618

Local Market Insights

Butler County FHA Mortgage Overview

Butler County homebuyers using an FHA loan are entering the market with a 12.22% down payment, well above the 3.5% minimum, yet the 87.78% LTV means mandatory Mortgage Insurance Premiums (MIP) remain for the loan’s life—ideal for those with sub-620 credit. The 0.50% property tax rate, recently adjusted upward by 5.3% for inflation, adds roughly $98 monthly on a $235,476 home, impacting true affordability. For precise monthly costs including PMI and taxes in Butler County, KY, note that FHA loan limits here accommodate this average value, making this a stable owner-occupied market.

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.