Taylor County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Taylor County, KY Benchmarks

FHA averages

Typical Property Value$227,167

Average Down Payment12.4%

Average Interest Rate6.275%

Effective Tax Rate0.61%

Median Tax Paid$1,202/yr

Tax Growth (Historical)-0.7%

Based on 60 regional loans totaling $11,320,000 (HMDA database).

Home Price

Down Payment

$28,169 down · $198,998 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

$115 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$84 / month

Estimated Monthly Payment

$1,601/mo

Principal & Interest$1,251
Property Tax$115
Home Insurance$150
FHA MIP$84

Amortization · Remaining Balance

Financed Loan Amount

$202,481

Total Interest

$247,758

Total of Payments

$450,238

*Includes financed FHA Upfront MIP of $3,482

Local Market Insights

Taylor County FHA Mortgage Overview

In Taylor County, the 12.42% down payment on an FHA loan provides accessible entry for buyers, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of equity. The 87.58% loan-to-value ratio confirms this, making it ideal for those with sub-620 credit. With an average property value of $227,166.67 and a 6.275% rate, the effective 0.61% property tax rate and recent -0.7% inflation-adjusted tax shift slightly improve true monthly affordability. This FHA loan analysis with PMI and taxes in Taylor County, KY, highlights a stable owner-occupied market where low taxes offset MIP costs.

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.