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Powell County FHA Loan Calculator

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

Loan Details

Powell County, KY Benchmarks

FHA averages
Typical Property Value$198,881
Average Down Payment9.8%
Average Interest Rate6.321%
Effective Tax Rate0.50%
Median Tax Paid$875/yr
Tax Growth (Historical)+2.4%
Based on 67 regional loans totaling $11,595,000 (HMDA database).
$
%

$19,490 down · $179,391 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$83 / month

$

Annual premium

$

Per month

%

$76 / month

Estimated Monthly Payment

$1,441/mo

  • Principal & Interest$1,132
  • Property Tax$83
  • Home Insurance$150
  • FHA MIP$76
Amortization · Remaining Balance

Financed Loan Amount

$182,530

Total Interest

$225,059

Total of Payments

$407,589

*Includes financed FHA Upfront MIP of $3,139

Local Market Insights

Powell County FHA Mortgage Overview

For Powell County homebuyers, an FHA loan with a 9.77% down payment offers accessible entry, yet requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. The 90.23% loan-to-value ratio confirms this as owner-occupied, not investment. With an average property value of $198,880.60 and a 6.321% interest rate, the 0.50% effective property tax rate adds modest monthly cost. However, the 2.4% inflation-adjusted tax increase signals rising affordability pressure. When evaluating an FHA loan down payment in Powell County, Kentucky, remember MIP and property taxes are permanent fixtures in your monthly budget.

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.