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Marshall County FHA Loan Calculator

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

Loan Details

Marshall County, KY Benchmarks

FHA averages
Typical Property Value$214,103
Average Down Payment11.3%
Average Interest Rate6.423%
Effective Tax Rate0.67%
Median Tax Paid$1,252/yr
Tax Growth (Historical)-2.5%
Based on 145 regional loans totaling $26,905,000 (HMDA database).
$
%

$24,194 down · $189,909 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$120 / month

$

Annual premium

$

Per month

%

$81 / month

Estimated Monthly Payment

$1,561/mo

  • Principal & Interest$1,211
  • Property Tax$120
  • Home Insurance$150
  • FHA MIP$81
Amortization · Remaining Balance

Financed Loan Amount

$193,233

Total Interest

$242,804

Total of Payments

$436,037

*Includes financed FHA Upfront MIP of $3,323

Local Market Insights

Marshall County FHA Mortgage Overview

For Marshall County homebuyers, the 11.29% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of this equity level. The 88.71% Loan-to-Value (LTV) ratio confirms this is a leveraged purchase, ideal for those with sub-620 credit. At a 6.423% rate on a $214,103 property, the effective 0.67% tax rate is manageable, and the recent -2.5% inflation-adjusted tax change slightly lowers monthly costs. This data reflects 100% owner-occupied purchases, not investments, making Marshall County FHA loan limits and tax calculators useful for precise 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.