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Jefferson County FHA Loan Calculator

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

Loan Details

Jefferson County, KY Benchmarks

FHA averages
Typical Property Value$274,619
Average Down Payment9.3%
Average Interest Rate6.320%
Effective Tax Rate0.85%
Median Tax Paid$2,136/yr
Tax Growth (Historical)+2.4%
Based on 2,943 regional loans totaling $700,535,000 (HMDA database).
$
%

$25,540 down · $249,079 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$195 / month

$

Annual premium

$

Per month

%

$106 / month

Estimated Monthly Payment

$2,022/mo

  • Principal & Interest$1,572
  • Property Tax$195
  • Home Insurance$150
  • FHA MIP$106
Amortization · Remaining Balance

Financed Loan Amount

$253,438

Total Interest

$312,489

Total of Payments

$565,927

*Includes financed FHA Upfront MIP of $4,359

Local Market Insights

Jefferson County FHA Mortgage Overview

For Jefferson County homebuyers, the 9.33% average down payment on FHA loans provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of equity. The 90.67% loan-to-value ratio reflects this, ideal for those with sub-620 credit. With a 6.32% interest rate on a $274,618 property, the 0.85% effective tax rate and recent 2.4% inflation-adjusted increase add roughly $55 monthly. Understanding Jefferson County FHA loan limits and property taxes is crucial for true affordability. This data confirms 100% primary occupancy, standard for owner-occupied 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.