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Lyon County FHA Loan Calculator

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

Loan Details

Lyon County, KY Benchmarks

FHA averages
Typical Property Value$206,000
Average Down Payment12.2%
Average Interest Rate6.527%
Effective Tax Rate0.57%
Median Tax Paid$1,196/yr
Tax Growth (Historical)+14.2%
Based on 20 regional loans totaling $3,490,000 (HMDA database).
$
%

$25,132 down · $180,868 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$98 / month

$

Annual premium

$

Per month

%

$77 / month

Estimated Monthly Payment

$1,491/mo

  • Principal & Interest$1,167
  • Property Tax$98
  • Home Insurance$150
  • FHA MIP$77
Amortization · Remaining Balance

Financed Loan Amount

$184,033

Total Interest

$236,032

Total of Payments

$420,065

*Includes financed FHA Upfront MIP of $3,165

Local Market Insights

Lyon County FHA Mortgage Overview

For Lyon County homebuyers, the 12.23% average down payment on an FHA loan provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of equity. The 87.77% loan-to-value ratio confirms this is a standard owner-occupied purchase. With a 0.57% effective property tax rate and a 14.2% inflation-adjusted tax increase, true monthly affordability is rising. When using an FHA mortgage tool with property taxes in Lyon County, KY, factor in both MIP and these higher tax costs. The average 6.527% rate and $206,000 property value mean local FHA loan limits and tax implications directly shape your 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.