Cumberland County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Cumberland County, KY Benchmarks

FHA averages

Typical Property Value$222,500

Average Down Payment13.8%

Average Interest Rate6.609%

Effective Tax Rate0.51%

Median Tax Paid$760/yr

Tax Growth (Historical)-6.2%

Based on 12 regional loans totaling $2,140,000 (HMDA database).

Home Price

Down Payment

$30,705 down · $191,795 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

$95 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$81 / month

Estimated Monthly Payment

$1,574/mo

Principal & Interest$1,248
Property Tax$95
Home Insurance$150
FHA MIP$81

Amortization · Remaining Balance

Financed Loan Amount

$195,151

Total Interest

$253,999

Total of Payments

$449,151

*Includes financed FHA Upfront MIP of $3,356

Local Market Insights

Cumberland County FHA Mortgage Overview

In Cumberland County, the 13.84% average down payment on an FHA loan provides accessible entry for primary residents, but note that mandatory Mortgage Insurance Premiums (MIP) remain for the loan's life regardless of equity. With an 86.16% loan-to-value ratio and a 6.609% rate, this data reflects standard owner-occupied purchases, not investments. The effective property tax rate of 0.51% is low, and the recent -6.2% inflation-adjusted tax change further improves monthly affordability for FHA buyers considering property taxes in Cumberland County, KY.

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.