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Mason County FHA Loan Calculator

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

Loan Details

Mason County, KY Benchmarks

FHA averages
Typical Property Value$213,689
Average Down Payment12.2%
Average Interest Rate6.501%
Effective Tax Rate0.64%
Median Tax Paid$1,055/yr
Tax Growth (Historical)+2.5%
Based on 61 regional loans totaling $10,615,000 (HMDA database).
$
%

$26,070 down · $187,619 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$114 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,550/mo

  • Principal & Interest$1,207
  • Property Tax$114
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$190,902

Total Interest

$243,485

Total of Payments

$434,388

*Includes financed FHA Upfront MIP of $3,283

Local Market Insights

Mason County FHA Mortgage Overview

In Mason County, the 12.23% average FHA down payment provides accessible entry for owner-occupants, though mandatory Mortgage Insurance Premiums (MIP) persist for the loan's life regardless of equity, ideal for those with sub-620 credit. With an 87.77% loan-to-value ratio, buyers using an FHA loan with PMI and taxes in Mason County, KY must factor this into monthly costs. The 0.64% property tax rate, adjusted 2.5% for inflation, adds modestly to true affordability. For Mason County FHA loan limits and tax considerations, this data confirms a stable primary residence market.

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.