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Calloway County FHA Loan Calculator

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

Loan Details

Calloway County, KY Benchmarks

FHA averages
Typical Property Value$242,895
Average Down Payment9.6%
Average Interest Rate6.389%
Effective Tax Rate0.61%
Median Tax Paid$1,195/yr
Tax Growth (Historical)-4.6%
Based on 76 regional loans totaling $16,200,000 (HMDA database).
$
%

$23,318 down · $219,577 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$123 / month

$

Annual premium

$

Per month

%

$93 / month

Estimated Monthly Payment

$1,763/mo

  • Principal & Interest$1,396
  • Property Tax$123
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$223,420

Total Interest

$279,155

Total of Payments

$502,575

*Includes financed FHA Upfront MIP of $3,843

Local Market Insights

Calloway County FHA Mortgage Overview

In Calloway County, FHA buyers benefit from accessible entry with a 9.59% average down payment, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity. The 90.41% Loan-to-Value ratio reinforces this risk profile, ideal for those with sub-620 credit. Property taxes at 0.61% are low, and the -4.6% inflation-adjusted tax shift improves monthly affordability. For an FHA loan with PMI and taxes in Calloway County, KY, this data confirms stable primary occupancy financing, though MIP is permanent.

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.