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Estill County FHA Loan Calculator

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

Loan Details

Estill County, KY Benchmarks

FHA averages
Typical Property Value$205,152
Average Down Payment10.1%
Average Interest Rate6.380%
Effective Tax Rate0.63%
Median Tax Paid$799/yr
Tax Growth (Historical)+0.3%
Based on 66 regional loans totaling $11,820,000 (HMDA database).
$
%

$20,720 down · $184,432 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$108 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,507/mo

  • Principal & Interest$1,171
  • Property Tax$108
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$187,659

Total Interest

$234,031

Total of Payments

$421,691

*Includes financed FHA Upfront MIP of $3,228

Local Market Insights

Estill County FHA Mortgage Overview

Estill County's FHA market reveals a strategic path to homeownership. With a 10.09% down payment on an average $205,152 property, buyers access financing with lower upfront cash, but must account for mandatory Mortgage Insurance Premiums (MIP) for the loan's life, given the 89.91% loan-to-value ratio. This structure, ideal for those with sub-620 credit, supports 100% owner-occupied purchases. The effective 0.63% property tax rate, adjusted upward by 0.3% for inflation, modestly impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Estill County, KY, understanding these permanent MIP costs is crucial for accurate budgeting.

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.