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Lewis County FHA Loan Calculator

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

Loan Details

Lewis County, KY Benchmarks

FHA averages
Typical Property Value$182,500
Average Down Payment12.6%
Average Interest Rate6.548%
Effective Tax Rate0.50%
Median Tax Paid$617/yr
Tax Growth (Historical)+7.3%
Based on 40 regional loans totaling $6,240,000 (HMDA database).
$
%

$22,995 down · $159,505 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$76 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,325/mo

  • Principal & Interest$1,031
  • Property Tax$76
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$162,296

Total Interest

$208,923

Total of Payments

$371,220

*Includes financed FHA Upfront MIP of $2,791

Local Market Insights

Lewis County FHA Mortgage Overview

For Lewis County homebuyers, the 12.64% average down payment on an FHA loan offers accessible entry, but note that FHA Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity buildup. This data reflects 100% primary residences, not investments. With an 87.36% Loan-to-Value ratio, the typical buyer finances a significant portion. The effective property tax rate of 0.50% is moderate, but the recent 7.3% inflation-adjusted tax shift will increase monthly obligations. When using an FHA loan calculator with PMI and taxes in Lewis County, KY, factor in these MIP costs and the rising tax burden to assess true affordability. Lewis County FHA loan limits and tax calculator tools should incorporate this 0.50% rate and the 7.3% adjustment for accurate budgeting.

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.