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Harlan County FHA Loan Calculator

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

Loan Details

Harlan County, KY Benchmarks

FHA averages
Typical Property Value$150,763
Average Down Payment9.5%
Average Interest Rate6.456%
Effective Tax Rate0.74%
Median Tax Paid$732/yr
Tax Growth (Historical)-1.7%
Based on 59 regional loans totaling $7,745,000 (HMDA database).
$
%

$14,322 down · $136,441 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$93 / month

$

Annual premium

$

Per month

%

$58 / month

Estimated Monthly Payment

$1,175/mo

  • Principal & Interest$874
  • Property Tax$93
  • Home Insurance$150
  • FHA MIP$58
Amortization · Remaining Balance

Financed Loan Amount

$138,828

Total Interest

$175,754

Total of Payments

$314,582

*Includes financed FHA Upfront MIP of $2,388

Local Market Insights

Harlan County FHA Mortgage Overview

In Harlan County, the typical FHA buyer secures a home with a 9.51% down payment on a $150,762 property, reflecting accessible entry for owner-occupants. However, this low equity (90.49% LTV) triggers mandatory MIP for the loan's life, a key factor when using an FHA loan calculator with PMI and taxes in Harlan County, KY. The 0.74% effective property tax rate is moderate, and the recent -1.7% inflation-adjusted tax change slightly reduces monthly burden, improving true affordability. For buyers exploring Harlan County FHA loan limits and tax considerations, this data underscores that while down payments are low, the permanent MIP cost is a critical trade-off for sub-620 credit scenarios.

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.