Knox County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Knox County, KY Benchmarks

FHA averages

Typical Property Value$200,316

Average Down Payment14.3%

Average Interest Rate6.355%

Effective Tax Rate0.54%

Home Price

Down Payment

$28,645 down · $171,671 financed

Estimated Monthly Payment

$1,401/mo

Principal & Interest$1,088
Property Tax$90
Home Insurance$150
FHA MIP$73

Amortization · Remaining Balance

Financed Loan Amount

$174,675

Total Interest

$217,016

Total of Payments

$391,692

*Includes financed FHA Upfront MIP of $3,004

Local Market Insights

Knox County FHA Mortgage Overview

Knox County's FHA market shows a 14.29% average down payment, providing accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan's life—ideal for buyers with sub-620 credit. The 85.71% Loan-to-Value ratio confirms standard owner-occupied purchases. With an effective property tax rate of 0.54% and a -5.9% inflation-adjusted tax reduction, true monthly affordability improves. For a detailed look at Knox County FHA loan limits and property taxes, or to assess an FHA loan down payment in Knox County, Kentucky, understanding these MIP and tax dynamics is crucial. This data reflects primary residences, not investments.

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.