Floyd County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Floyd County, KY Benchmarks

FHA averages

Typical Property Value$170,299

Average Down Payment9.9%

Average Interest Rate6.511%

Effective Tax Rate0.67%

Median Tax Paid$748/yr

Tax Growth (Historical)+4.1%

Based on 117 regional loans totaling $17,405,000 (HMDA database).

Home Price

Down Payment

$16,860 down · $153,439 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

$65 / month

Estimated Monthly Payment

$1,298/mo

Principal & Interest$988
Property Tax$95
Home Insurance$150
FHA MIP$65

Amortization · Remaining Balance

Financed Loan Amount

$156,125

Total Interest

$199,498

Total of Payments

$355,623

*Includes financed FHA Upfront MIP of $2,685

Local Market Insights

Floyd County FHA Mortgage Overview

In Floyd County, an FHA loan with a 9.95% down payment on a $170,299 home provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. The 90.05% loan-to-value (LTV) ratio confirms this is a low-equity purchase, ideal for buyers with sub-620 credit. The 0.67% effective property tax rate, adjusted upward by 4.1% for inflation, adds about $95 monthly to true affordability. For Floyd County FHA loan limits and tax considerations, this data reflects 100% primary residence purchases, not investments.

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.