Pike County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Pike County, KY Benchmarks

FHA averages

Typical Property Value$196,287

Average Down Payment10.6%

Average Interest Rate6.552%

Effective Tax Rate0.64%

Median Tax Paid$772/yr

Tax Growth (Historical)-1.2%

Based on 171 regional loans totaling $29,055,000 (HMDA database).

Home Price

Down Payment

$20,806 down · $175,481 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

$105 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$74 / month

Estimated Monthly Payment

$1,464/mo

Principal & Interest$1,134
Property Tax$105
Home Insurance$150
FHA MIP$74

Amortization · Remaining Balance

Financed Loan Amount

$178,551

Total Interest

$229,849

Total of Payments

$408,400

*Includes financed FHA Upfront MIP of $3,071

Local Market Insights

Pike County FHA Mortgage Overview

In Pike County, the 10.58% average down payment for FHA loans provides accessible entry, but note the 89.42% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, ideal for buyers with sub-620 credit. With a 0.64% effective property tax rate and a recent -1.2% inflation-adjusted tax decrease, monthly affordability improves slightly. This data represents 100% primary residences, not investments. For those exploring an FHA loan with PMI and taxes in Pike County, KY, the weighted average property value of $196,286.55 at 6.552% interest underscores the importance of factoring these costs into your FHA down payment assessment. Pike County FHA loan limits and tax impacts remain favorable for owner-occupants.

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.