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Adair County FHA Loan Calculator

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

Loan Details

Adair County, KY Benchmarks

FHA averages
Typical Property Value$201,279
Average Down Payment9.7%
Average Interest Rate6.502%
Effective Tax Rate0.56%
Median Tax Paid$971/yr
Tax Growth (Historical)+2.2%
Based on 43 regional loans totaling $7,375,000 (HMDA database).
$
%

$19,524 down · $181,755 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$94 / month

$

Annual premium

$

Per month

%

$77 / month

Estimated Monthly Payment

$1,490/mo

  • Principal & Interest$1,169
  • Property Tax$94
  • Home Insurance$150
  • FHA MIP$77
Amortization · Remaining Balance

Financed Loan Amount

$184,936

Total Interest

$235,875

Total of Payments

$420,811

*Includes financed FHA Upfront MIP of $3,181

Local Market Insights

Adair County FHA Mortgage Overview

Adair County homebuyers utilizing FHA loans benefit from accessible entry with a 9.67% down payment on an average property value of $201,279. However, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity buildup, given the 90.33% LTV ratio. This structure suits buyers with sub-620 credit scores seeking owner-occupied homes. The effective property tax rate of 0.56% and a 2.2% inflation-adjusted tax increase add modest monthly costs. For a complete picture of FHA loan down payment and tax impacts in Adair County, Kentucky, consider how MIP and local taxes shape true 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.