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Carroll County FHA Loan Calculator

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

Loan Details

Carroll County, KY Benchmarks

FHA averages
Typical Property Value$232,667
Average Down Payment9.1%
Average Interest Rate6.524%
Effective Tax Rate0.62%
Median Tax Paid$1,070/yr
Tax Growth (Historical)+5.7%
Based on 60 regional loans totaling $12,590,000 (HMDA database).
$
%

$21,173 down · $211,494 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$120 / month

$

Annual premium

$

Per month

%

$90 / month

Estimated Monthly Payment

$1,723/mo

  • Principal & Interest$1,363
  • Property Tax$120
  • Home Insurance$150
  • FHA MIP$90
Amortization · Remaining Balance

Financed Loan Amount

$215,195

Total Interest

$275,489

Total of Payments

$490,685

*Includes financed FHA Upfront MIP of $3,701

Local Market Insights

Carroll County FHA Mortgage Overview

For Carroll County homebuyers, the 9.13% average down payment on an FHA loan provides accessible entry, but this comes with mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—a key factor when using an FHA loan calculator with PMI and taxes. The 90.87% Loan-to-Value ratio confirms minimal equity at closing. With a 6.524% rate on a $232,667 property, the effective 0.62% property tax rate is manageable, though the recent 5.7% inflation-adjusted tax increase will raise monthly costs. This FHA market is ideal for owner-occupants with sub-620 credit, but the permanent MIP makes long-term affordability sensitive to local tax shifts.

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.