Jackson County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Jackson County, KY Benchmarks

FHA averages

Typical Property Value$201,216

Average Down Payment14.5%

Average Interest Rate6.449%

Effective Tax Rate0.47%

Median Tax Paid$687/yr

Tax Growth (Historical)-2.4%

Based on 37 regional loans totaling $5,925,000 (HMDA database).

Home Price

Down Payment

$29,176 down · $172,040 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

$79 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$73 / month

Estimated Monthly Payment

$1,402/mo

Principal & Interest$1,101
Property Tax$79
Home Insurance$150
FHA MIP$73

Amortization · Remaining Balance

Financed Loan Amount

$175,050

Total Interest

$221,197

Total of Payments

$396,248

*Includes financed FHA Upfront MIP of $3,011

Local Market Insights

Jackson County FHA Mortgage Overview

For Jackson County homebuyers using an FHA loan, the 14.51% down payment on a $201,216 average property provides accessible entry. However, unlike conventional loans, FHA mandates Mortgage Insurance Premiums (MIP) for the loan's life regardless of this equity level, making it ideal for those with sub-620 credit. The 85.49% loan-to-value ratio confirms this risk profile. The 0.47% effective property tax rate remains low, and the recent -2.4% inflation-adjusted tax change slightly improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Jackson County, KY, these factors directly shape your true housing cost.

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.