Carter County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Carter County, KY Benchmarks

FHA averages

Typical Property Value$183,289

Average Down Payment9.3%

Average Interest Rate6.621%

Effective Tax Rate0.45%

Median Tax Paid$649/yr

Tax Growth (Historical)+1.2%

Based on 76 regional loans totaling $12,360,000 (HMDA database).

Home Price

Down Payment

$17,046 down · $166,243 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$69 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$70 / month

Estimated Monthly Payment

$1,372/mo

Principal & Interest$1,083
Property Tax$69
Home Insurance$150
FHA MIP$70

Amortization · Remaining Balance

Financed Loan Amount

$169,152

Total Interest

$220,563

Total of Payments

$389,715

*Includes financed FHA Upfront MIP of $2,909

Local Market Insights

Carter County FHA Mortgage Overview

For Carter County, Kentucky homebuyers, the 9.33% average down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of equity. With a 90.67% Loan-to-Value ratio, this data reflects owner-occupied purchases. The 0.45% effective property tax rate is low, yet the 1.2% inflation-adjusted increase will modestly raise monthly costs. When evaluating an FHA loan with PMI and taxes in Carter County, KY, or exploring FHA loan limits, the $183,289 average property value and 6.621% rate indicate a stable, affordable market 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.