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Laurel County FHA Loan Calculator

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

Loan Details

Laurel County, KY Benchmarks

FHA averages
Typical Property Value$242,406
Average Down Payment11.4%
Average Interest Rate6.398%
Effective Tax Rate0.49%
Median Tax Paid$906/yr
Tax Growth (Historical)+4.0%
Based on 266 regional loans totaling $55,180,000 (HMDA database).
$
%

$27,634 down · $214,772 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$99 / month

$

Annual premium

$

Per month

%

$91 / month

Estimated Monthly Payment

$1,707/mo

  • Principal & Interest$1,367
  • Property Tax$99
  • Home Insurance$150
  • FHA MIP$91
Amortization · Remaining Balance

Financed Loan Amount

$218,530

Total Interest

$273,561

Total of Payments

$492,091

*Includes financed FHA Upfront MIP of $3,759

Local Market Insights

Laurel County FHA Mortgage Overview

In Laurel County, the 11.43% average down payment on an FHA loan provides accessible entry for buyers, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of this down payment. With an 88.57% loan-to-value ratio and 100% primary occupancy, this data reflects standard homebuyers. The 0.49% effective property tax rate, adjusted upward by 4.0% for inflation, directly impacts monthly affordability. For a precise view of your costs, consider an FHA loan calculator with PMI and taxes in Laurel County, KY, or a Laurel County FHA mortgage calculator with property taxes to assess true monthly payments.

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.