Metcalfe County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Metcalfe County, KY Benchmarks

FHA averages

Typical Property Value$202,188

Average Down Payment15.0%

Average Interest Rate6.474%

Effective Tax Rate0.51%

Median Tax Paid$743/yr

Tax Growth (Historical)-3.0%

Based on 32 regional loans totaling $5,300,000 (HMDA database).

Home Price

Down Payment

$30,328 down · $171,860 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$86 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$73 / month

Estimated Monthly Payment

$1,411/mo

Principal & Interest$1,102
Property Tax$86
Home Insurance$150
FHA MIP$73

Amortization · Remaining Balance

Financed Loan Amount

$174,867

Total Interest

$221,792

Total of Payments

$396,660

*Includes financed FHA Upfront MIP of $3,008

Local Market Insights

Metcalfe County FHA Mortgage Overview

Metcalfe County's FHA market shows accessible entry with a 14.97% down payment on a $202,188 average property, yet mandatory Mortgage Insurance Premiums (MIP) persist for the loan's life, ideal for sub-620 credit buyers. The 85.03% loan-to-value ratio confirms minimal equity, while the 6.474% interest rate and 0.51% property tax rate—with a -3.0% inflation-adjusted tax decrease—enhance monthly affordability for owner-occupied homes. For those exploring FHA loan down payment options with PMI and taxes in Metcalfe County, Kentucky, this data indicates stable, low-risk financing.

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.