Bath County FHA Loan 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

US County (Smart Autofill)

Loan Type

Bath County, KY Benchmarks

FHA averages

Typical Property Value$189,118

Average Down Payment6.0%

Average Interest Rate6.607%

Effective Tax Rate0.56%

Median Tax Paid$850/yr

Tax Growth (Historical)+0.9%

Based on 51 regional loans totaling $8,955,000 (HMDA database).

Home Price

Down Payment

$11,347 down · $177,771 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

$88 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$75 / month

Estimated Monthly Payment

$1,470/mo

Principal & Interest$1,156
Property Tax$88
Home Insurance$150
FHA MIP$75

Amortization · Remaining Balance

Financed Loan Amount

$180,882

Total Interest

$235,427

Total of Payments

$416,309

*Includes financed FHA Upfront MIP of $3,111

Local Market Insights

Bath County FHA Mortgage Overview

In Bath County, the FHA loan path is highly accessible, with a 6.01% down payment on an average $189,118 property. This low entry point, however, mandates Mortgage Insurance Premiums (MIP) for the loan's life, a key factor for those using an FHA loan calculator with PMI and taxes. The 93.99% loan-to-value ratio confirms minimal equity at closing. Property taxes are manageable at 0.56%, though the recent 0.9% inflation-adjusted increase slightly nudges monthly costs. For buyers exploring Bath County FHA loan limits and tax calculators, this data underscores that the true monthly affordability hinges on the permanent MIP cost, making it ideal for owner-occupants with sub-620 credit scores who prioritize low upfront cash.

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.