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Lawrence County FHA Loan Calculator

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

Loan Details

Lawrence County, KY Benchmarks

FHA averages
Typical Property Value$193,000
Average Down Payment11.8%
Average Interest Rate6.470%
Effective Tax Rate0.61%
Median Tax Paid$793/yr
Tax Growth (Historical)+4.9%
Based on 40 regional loans totaling $6,550,000 (HMDA database).
$
%

$22,774 down · $170,226 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$98 / month

$

Annual premium

$

Per month

%

$72 / month

Estimated Monthly Payment

$1,412/mo

  • Principal & Interest$1,091
  • Property Tax$98
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$173,205

Total Interest

$219,684

Total of Payments

$392,889

*Includes financed FHA Upfront MIP of $2,979

Local Market Insights

Lawrence County FHA Mortgage Overview

For Lawrence County homebuyers, the 11.77% average down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) remain for the loan’s life—even with this equity. The 88.23% loan-to-value (LTV) ratio confirms this, as MIP cannot be cancelled. The low 0.61% property tax rate eases monthly costs, yet the 4.9% inflation-adjusted tax increase signals rising long-term affordability pressures. With 100% primary occupancy, these FHA loan parameters with PMI and taxes in Lawrence County, KY, favor buyers with sub-620 credit scores seeking stable, owner-occupied financing.

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.