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Lincoln County FHA Loan Calculator

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

Loan Details

Lincoln County, KY Benchmarks

FHA averages
Typical Property Value$221,746
Average Down Payment9.3%
Average Interest Rate6.329%
Effective Tax Rate0.64%
Median Tax Paid$1,066/yr
Tax Growth (Historical)+1.4%
Based on 126 regional loans totaling $24,470,000 (HMDA database).
$
%

$20,622 down · $201,124 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$118 / month

$

Annual premium

$

Per month

%

$85 / month

Estimated Monthly Payment

$1,624/mo

  • Principal & Interest$1,271
  • Property Tax$118
  • Home Insurance$150
  • FHA MIP$85
Amortization · Remaining Balance

Financed Loan Amount

$204,643

Total Interest

$252,805

Total of Payments

$457,449

*Includes financed FHA Upfront MIP of $3,520

Local Market Insights

Lincoln County FHA Mortgage Overview

Lincoln County homebuyers using an FHA loan are entering the market with a manageable 9.31% down payment on an average property value of $221,746. This low barrier to entry, however, comes with mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, regardless of the 90.69% loan-to-value ratio. The effective property tax rate of 0.64%, coupled with a 1.4% inflation-adjusted tax increase, modestly impacts monthly affordability. This data confirms 100% primary occupancy, meaning these are standard homebuyers, not investors. For those exploring an FHA loan down payment in Lincoln County, Kentucky, the full tax and MIP burden must be factored into any long-term budget.

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.