Johnson County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Johnson County, KY Benchmarks

FHA averages

Typical Property Value$187,526

Average Down Payment10.7%

Average Interest Rate6.462%

Effective Tax Rate0.57%

Median Tax Paid$792/yr

Tax Growth (Historical)-4.9%

Based on 95 regional loans totaling $15,305,000 (HMDA database).

Home Price

Down Payment

$20,065 down · $167,461 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

$89 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$71 / month

Estimated Monthly Payment

$1,383/mo

Principal & Interest$1,073
Property Tax$89
Home Insurance$150
FHA MIP$71

Amortization · Remaining Balance

Financed Loan Amount

$170,391

Total Interest

$215,712

Total of Payments

$386,104

*Includes financed FHA Upfront MIP of $2,931

Local Market Insights

Johnson County FHA Mortgage Overview

For Johnson County homebuyers, the 10.65% down payment on an FHA loan provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life regardless of equity. With an 89.35% Loan-to-Value (LTV) ratio and 100% primary occupancy, this market favors buyers with sub-620 credit scores seeking owner-occupied financing. The 0.57% effective property tax rate is low, and the recent -4.9% inflation-adjusted tax change enhances monthly affordability. When evaluating an FHA loan with PMI and taxes in Johnson County, KY, or reviewing Johnson County FHA loan limits and tax impacts, note the average property value of $187,526 at a 6.462% interest rate keeps total costs manageable despite permanent MIP.

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.