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Breckinridge County FHA Loan Calculator

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

Loan Details

Breckinridge County, KY Benchmarks

FHA averages
Typical Property Value$202,031
Average Down Payment9.4%
Average Interest Rate6.337%
Effective Tax Rate0.54%
Median Tax Paid$916/yr
Tax Growth (Historical)+3.9%
Based on 64 regional loans totaling $11,360,000 (HMDA database).
$
%

$18,991 down · $183,040 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$91 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,476/mo

  • Principal & Interest$1,158
  • Property Tax$91
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$186,243

Total Interest

$230,513

Total of Payments

$416,756

*Includes financed FHA Upfront MIP of $3,203

Local Market Insights

Breckinridge County FHA Mortgage Overview

For Breckinridge County homebuyers, the 9.38% down payment on an FHA loan provides accessible entry with a 90.62% LTV. However, unlike conventional loans, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. The 0.54% effective property tax rate is low, but the 3.9% inflation-adjusted tax increase will modestly raise monthly costs. This data reflects 100% primary occupancy, confirming standard homebuyer risk. When evaluating total affordability, factor in MIP and taxes for a complete picture of monthly obligations.

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.