Washington County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Washington County, KY Benchmarks

FHA averages

Typical Property Value$238,478

Average Down Payment11.5%

Average Interest Rate6.457%

Effective Tax Rate0.58%

Median Tax Paid$1,174/yr

Tax Growth (Historical)-5.5%

Based on 46 regional loans totaling $9,010,000 (HMDA database).

Home Price

Down Payment

$27,425 down · $211,053 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

$89 / month

Estimated Monthly Payment

$1,706/mo

Principal & Interest$1,352
Property Tax$115
Home Insurance$150
FHA MIP$89

Amortization · Remaining Balance

Financed Loan Amount

$214,746

Total Interest

$271,865

Total of Payments

$486,612

*Includes financed FHA Upfront MIP of $3,693

Local Market Insights

Washington County FHA Mortgage Overview

In Washington County, Kentucky, the 11.52% average down payment on an FHA loan offers accessible entry for primary residence buyers, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 88.48% LTV ratio. This is ideal for those with sub-620 credit. The 0.58% effective property tax rate, combined with a -5.5% inflation-adjusted decrease, reduces monthly housing costs. For a precise assessment of your FHA loan with PMI and taxes in Washington County, KY, the local FHA loan limits and tax implications are key factors in affordability.

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.