Owsley County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Owsley County, KY Benchmarks

FHA averages

Typical Property Value$205,000

Average Down Payment14.6%

Average Interest Rate6.728%

Effective Tax Rate0.58%

Median Tax Paid$570/yr

Tax Growth (Historical)-1.6%

Based on 7 regional loans totaling $1,115,000 (HMDA database).

Home Price

Down Payment

$29,930 down · $175,070 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

$99 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$74 / month

Estimated Monthly Payment

$1,476/mo

Principal & Interest$1,153
Property Tax$99
Home Insurance$150
FHA MIP$74

Amortization · Remaining Balance

Financed Loan Amount

$178,134

Total Interest

$236,948

Total of Payments

$415,082

*Includes financed FHA Upfront MIP of $3,064

Local Market Insights

Owsley County FHA Mortgage Overview

In Owsley County, the 14.62% average down payment for FHA loans provides accessible entry for buyers, but triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit. The 85.38% LTV ratio confirms this is a low-risk, owner-occupied market. With a low 0.58% effective property tax rate and a -1.6% inflation-adjusted decline, monthly affordability is enhanced. When evaluating an FHA loan with PMI and taxes in Owsley County, KY, these factors keep true costs manageable despite the 6.728% interest rate.

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.