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Daviess County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Daviess County, KY Benchmarks

FHA averages
Typical Property Value$235,313
Average Down Payment9.6%
Average Interest Rate6.155%
Effective Tax Rate0.81%
$
%

$22,590 down · $212,723 financed

Estimated Monthly Payment

$1,719/mo

  • Principal & Interest$1,320
  • Property Tax$159
  • Home Insurance$150
  • FHA MIP$90
Amortization · Remaining Balance

Financed Loan Amount

$216,446

Total Interest

$258,772

Total of Payments

$475,218

*Includes financed FHA Upfront MIP of $3,723

Local Market Insights

Daviess County FHA Mortgage Overview

In Daviess County, the 9.59% average down payment on FHA loans provides accessible entry for owner-occupants, but the 90.41% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity buildup. This is ideal for buyers with sub-620 credit scores seeking a primary residence. The 0.81% effective property tax rate, rising 1.9% after inflation, adds roughly $1,906 annually to true monthly affordability. When evaluating an FHA mortgage with property taxes, note the 6.155% interest rate and $235,313 average value, ensuring your budget accounts for permanent MIP alongside these local taxes.

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.