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Ohio County FHA Loan Calculator

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

Loan Details

Ohio County, KY Benchmarks

FHA averages
Typical Property Value$189,074
Average Down Payment8.7%
Average Interest Rate6.419%
Effective Tax Rate0.58%
Median Tax Paid$753/yr
Tax Growth (Historical)+5.1%
Based on 108 regional loans totaling $18,170,000 (HMDA database).
$
%

$16,449 down · $172,625 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$91 / month

$

Annual premium

$

Per month

%

$73 / month

Estimated Monthly Payment

$1,416/mo

  • Principal & Interest$1,101
  • Property Tax$91
  • Home Insurance$150
  • FHA MIP$73
Amortization · Remaining Balance

Financed Loan Amount

$175,645

Total Interest

$220,705

Total of Payments

$396,351

*Includes financed FHA Upfront MIP of $3,021

Local Market Insights

Ohio County FHA Mortgage Overview

Ohio County FHA buyers leverage an accessible 8.74% down payment, requiring mandatory MIP for the loan’s life—ideal for those with sub-620 credit. The 91.26% LTV confirms minimal equity at closing. With a 0.58% effective tax rate and a 5.1% inflation-adjusted increase, monthly affordability tightens. This FHA loan down payment strategy in Ohio County, Kentucky, combined with property taxes, shapes true costs for primary residences.

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.