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Jessamine County FHA Loan Calculator

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

Loan Details

Jessamine County, KY Benchmarks

FHA averages
Typical Property Value$297,591
Average Down Payment11.5%
Average Interest Rate6.304%
Effective Tax Rate0.73%
Median Tax Paid$1,960/yr
Tax Growth (Historical)+0.7%
Based on 193 regional loans totaling $49,225,000 (HMDA database).
$
%

$34,223 down · $263,368 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$181 / month

$

Annual premium

$

Per month

%

$112 / month

Estimated Monthly Payment

$2,101/mo

  • Principal & Interest$1,659
  • Property Tax$181
  • Home Insurance$150
  • FHA MIP$112
Amortization · Remaining Balance

Financed Loan Amount

$267,977

Total Interest

$329,157

Total of Payments

$597,134

*Includes financed FHA Upfront MIP of $4,609

Local Market Insights

Jessamine County FHA Mortgage Overview

Jessamine County FHA buyers benefit from the 11.52% down payment, which lowers the barrier to entry but triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. The 88.48% loan-to-value ratio confirms standard owner-occupied purchases. With a 6.304% rate and a 0.73% effective property tax rate, the recent 0.7% inflation-adjusted tax shift modestly increases monthly affordability. For accurate budgeting, consider the FHA loan down payment in Jessamine County, Kentucky, alongside local tax impacts. Always account for MIP and property taxes when estimating your true monthly 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.