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Casey County FHA Loan Calculator

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

Loan Details

Casey County, KY Benchmarks

FHA averages
Typical Property Value$208,750
Average Down Payment9.9%
Average Interest Rate6.317%
Effective Tax Rate0.54%
Median Tax Paid$812/yr
Tax Growth (Historical)-2.8%
Based on 40 regional loans totaling $7,340,000 (HMDA database).
$
%

$20,666 down · $188,084 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$94 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,511/mo

  • Principal & Interest$1,187
  • Property Tax$94
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$191,375

Total Interest

$235,965

Total of Payments

$427,340

*Includes financed FHA Upfront MIP of $3,291

Local Market Insights

Casey County FHA Mortgage Overview

For Casey County homebuyers, the 9.94% average down payment on an FHA loan offers accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of the 90.06% LTV ratio. This data reflects 100% owner-occupied purchases, ideal for those with sub-620 credit. The 0.54% effective property tax rate and recent -2.8% inflation-adjusted decline slightly ease monthly costs. When evaluating an FHA loan down payment with property taxes in Casey County, Kentucky, remember that FHA loan limits and the fixed MIP are key factors in your total monthly obligation.

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.