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Hopkins County FHA Loan Calculator

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

Loan Details

Hopkins County, KY Benchmarks

FHA averages
Typical Property Value$194,952
Average Down Payment10.3%
Average Interest Rate6.450%
Effective Tax Rate0.73%
Median Tax Paid$1,104/yr
Tax Growth (Historical)+1.3%
Based on 208 regional loans totaling $35,600,000 (HMDA database).
$
%

$20,080 down · $174,872 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$119 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,462/mo

  • Principal & Interest$1,119
  • Property Tax$119
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$177,932

Total Interest

$224,839

Total of Payments

$402,771

*Includes financed FHA Upfront MIP of $3,060

Local Market Insights

Hopkins County FHA Mortgage Overview

In Hopkins County, the average FHA borrower puts 10.26% down on a $194,952 property, a strategy that keeps monthly entry costs low but mandates Mortgage Insurance Premiums (MIP) for the loan’s lifetime due to the 89.74% LTV. This FHA loan with PMI and taxes in Hopkins County, KY, is ideal for those with sub-620 credit seeking owner-occupied financing. The 0.73% effective property tax rate, adjusted upward 1.3% for inflation, adds roughly $119 monthly to true affordability. Understanding these Hopkins County FHA loan limits and tax dynamics is critical 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.