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Clinton County FHA Loan Calculator

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

Loan Details

Clinton County, KY Benchmarks

FHA averages
Typical Property Value$179,500
Average Down Payment9.3%
Average Interest Rate6.670%
Effective Tax Rate0.42%
Median Tax Paid$637/yr
Tax Growth (Historical)-1.4%
Based on 20 regional loans totaling $3,130,000 (HMDA database).
$
%

$16,694 down · $162,807 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$63 / month

$

Annual premium

$

Per month

%

$69 / month

Estimated Monthly Payment

$1,347/mo

  • Principal & Interest$1,066
  • Property Tax$63
  • Home Insurance$150
  • FHA MIP$69
Amortization · Remaining Balance

Financed Loan Amount

$165,656

Total Interest

$217,977

Total of Payments

$383,632

*Includes financed FHA Upfront MIP of $2,849

Local Market Insights

Clinton County FHA Mortgage Overview

For a homebuyer in Clinton County, Kentucky, an FHA loan with a 9.32% down payment on a $179,500 property is a highly accessible entry point, though it mandates Mortgage Insurance Premiums (MIP) for the loan’s life. The 90.68% Loan-to-Value (LTV) ratio confirms this is ideal for owner-occupants, particularly those with sub-620 credit scores. The effective property tax rate of 0.42% is low, and the recent -1.4% inflation-adjusted tax change reduces monthly costs slightly, improving affordability when using an FHA loan calculator with PMI and taxes. These Clinton County FHA loan limits and tax factors support steady homeownership.

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.