Logan County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Logan County, KY Benchmarks

FHA averages

Typical Property Value$236,491

Average Down Payment9.6%

Average Interest Rate6.358%

Effective Tax Rate0.65%

Median Tax Paid$1,010/yr

Tax Growth (Historical)+3.7%

Based on 161 regional loans totaling $33,835,000 (HMDA database).

Home Price

Down Payment

$22,703 down · $213,788 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$128 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$91 / month

Estimated Monthly Payment

$1,724/mo

Principal & Interest$1,355
Property Tax$128
Home Insurance$150
FHA MIP$91

Amortization · Remaining Balance

Financed Loan Amount

$217,529

Total Interest

$270,258

Total of Payments

$487,788

*Includes financed FHA Upfront MIP of $3,741

Local Market Insights

Logan County FHA Mortgage Overview

In Logan County, the 9.58% average FHA down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 90.42% LTV ratio. This data reflects 100% owner-occupied purchases. The effective property tax rate of 0.65% on a $236,491 average value, combined with a 3.7% inflation-adjusted tax increase, directly impacts monthly affordability. For buyers exploring an FHA loan with PMI and taxes in Logan County, KY, understanding these recurring costs is critical when evaluating FHA loan limits and tax burdens.

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.