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Perry County FHA Loan Calculator

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

Loan Details

Perry County, KY Benchmarks

FHA averages
Typical Property Value$173,308
Average Down Payment9.8%
Average Interest Rate6.369%
Effective Tax Rate0.60%
Median Tax Paid$643/yr
Tax Growth (Historical)-5.6%
Based on 65 regional loans totaling $9,845,000 (HMDA database).
$
%

$16,984 down · $156,324 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$87 / month

$

Annual premium

$

Per month

%

$66 / month

Estimated Monthly Payment

$1,295/mo

  • Principal & Interest$992
  • Property Tax$87
  • Home Insurance$150
  • FHA MIP$66
Amortization · Remaining Balance

Financed Loan Amount

$159,059

Total Interest

$197,990

Total of Payments

$357,049

*Includes financed FHA Upfront MIP of $2,736

Local Market Insights

Perry County FHA Mortgage Overview

Perry County FHA buyers are leveraging a 9.82% down payment, which, combined with the 90.18% LTV ratio, provides accessible entry but mandates Mortgage Insurance Premiums (MIP) for the loan's life—a key factor for those with sub-620 credit. The effective property tax rate of 0.60% is low, and the recent -5.6% inflation-adjusted tax change further reduces monthly carrying costs. For a property averaging $173,307.69, this tax relief, paired with a 6.369% rate, improves true affordability. All data reflects owner-occupied purchases, ensuring standard homebuyer insights for Perry County FHA loan limits and property taxes.

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.