Greenup County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Greenup County, KY Benchmarks

FHA averages

Typical Property Value$195,000

Average Down Payment11.2%

Average Interest Rate6.568%

Effective Tax Rate0.94%

Median Tax Paid$1,171/yr

Tax Growth (Historical)-10.8%

Based on 152 regional loans totaling $25,480,000 (HMDA database).

Home Price

Down Payment

$21,840 down · $173,160 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$153 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$73 / month

Estimated Monthly Payment

$1,498/mo

Principal & Interest$1,122
Property Tax$153
Home Insurance$150
FHA MIP$73

Amortization · Remaining Balance

Financed Loan Amount

$176,190

Total Interest

$227,645

Total of Payments

$403,836

*Includes financed FHA Upfront MIP of $3,030

Local Market Insights

Greenup County FHA Mortgage Overview

For Greenup County homebuyers utilizing an FHA loan, the 11.24% weighted average down payment provides accessible entry but triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan. This is ideal for buyers with sub-620 credit scores. The 88.76% median Loan-to-Value (LTV) ratio confirms most buyers are financing a significant portion, and with 100% primary occupancy, this data reflects owner-occupied purchases. The effective property tax rate of 0.94% is moderate, and the recent -10.8% inflation-adjusted tax shift reduces monthly affordability pressure. When evaluating a Greenup County FHA loan with PMI and taxes, this lower tax burden helps offset the permanent MIP cost, making monthly budgeting more predictable for local buyers.

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.