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Franklin County FHA Loan Calculator

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

Loan Details

Franklin County, KY Benchmarks

FHA averages
Typical Property Value$248,061
Average Down Payment10.3%
Average Interest Rate6.351%
Effective Tax Rate0.73%
Median Tax Paid$1,716/yr
Tax Growth (Historical)-0.4%
Based on 294 regional loans totaling $62,630,000 (HMDA database).
$
%

$25,550 down · $222,511 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$151 / month

$

Annual premium

$

Per month

%

$94 / month

Estimated Monthly Payment

$1,804/mo

  • Principal & Interest$1,409
  • Property Tax$151
  • Home Insurance$150
  • FHA MIP$94
Amortization · Remaining Balance

Financed Loan Amount

$226,405

Total Interest

$280,753

Total of Payments

$507,157

*Includes financed FHA Upfront MIP of $3,894

Local Market Insights

Franklin County FHA Mortgage Overview

For Franklin County homebuyers, the 10.27% weighted average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life due to the 89.73% loan-to-value ratio. This data reflects 100% primary residences, not investments. The 0.73% effective property tax rate, with a recent -0.4% inflation-adjusted shift, offers slight long-term relief on affordability. When evaluating an FHA loan with PMI and taxes in Franklin County, KY, or exploring FHA loan limits and tax impacts, this low down payment path suits buyers seeking an FHA mortgage calculator with property taxes insight, though MIP remains 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.