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Bath County Conventional Mortgage Calculator

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

Loan Details

Bath County, KY Benchmarks

Conventional averages
Typical Property Value$252,589
Average Down Payment23.2%
Average Interest Rate7.117%
Effective Tax Rate0.56%
Median Tax Paid$850/yr
Tax Growth (Historical)+0.9%
Based on 113 regional loans totaling $16,185,000 (HMDA database).
$
%

$58,601 down · $193,988 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$118 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,574/mo

  • Principal & Interest$1,306
  • Property Tax$118
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$193,988

Total Interest

$276,273

Total of Payments

$470,261

Local Market Insights

Bath County Conventional Mortgage Overview

In Bath County, the 23.17% average down payment on a Conventional loan is a strong indicator of buyer creditworthiness, as this threshold typically eliminates the need for Private Mortgage Insurance (PMI). With a median Loan-to-Value (LTV) of 76.83%, these owner-occupants already possess over 20% equity, bypassing PMI entirely. The effective property tax rate of 0.56% is low, but the recent 0.9% inflation-adjusted increase means a modest rise in monthly costs for a $252,589 property. For those using a Conventional loan with taxes in Bath County, KY, this data suggests a financially stable market where buyers can focus on principal and interest without PMI burdens.

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.