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Grayson County FHA Loan Calculator

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

Loan Details

Grayson County, KY Benchmarks

FHA averages
Typical Property Value$225,000
Average Down Payment9.3%
Average Interest Rate6.475%
Effective Tax Rate0.50%
Median Tax Paid$930/yr
Tax Growth (Historical)+0.7%
Based on 96 regional loans totaling $18,670,000 (HMDA database).
$
%

$20,925 down · $204,075 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$94 / month

$

Annual premium

$

Per month

%

$87 / month

Estimated Monthly Payment

$1,639/mo

  • Principal & Interest$1,308
  • Property Tax$94
  • Home Insurance$150
  • FHA MIP$87
Amortization · Remaining Balance

Financed Loan Amount

$207,646

Total Interest

$263,368

Total of Payments

$471,014

*Includes financed FHA Upfront MIP of $3,571

Local Market Insights

Grayson County FHA Mortgage Overview

In Grayson County, the 9.32% average down payment on FHA loans provides accessible entry, but note that FHA’s mandatory MIP remains for the loan’s life regardless of equity, making it ideal for buyers with sub-620 credit. The 90.68% LTV and 100% owner-occupancy confirm a standard, low-risk market. With a 0.50% property tax rate and a 0.7% inflation-adjusted tax shift, monthly affordability is modestly impacted. For a full picture of Grayson County FHA loan limits and tax impact, understanding these recurring MIP costs is essential when evaluating FHA loan down payment and taxes in Grayson County, Kentucky.

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.