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Marion County FHA Loan Calculator

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

Loan Details

Marion County, KY Benchmarks

FHA averages
Typical Property Value$227,500
Average Down Payment10.4%
Average Interest Rate6.402%
Effective Tax Rate0.60%
Median Tax Paid$1,157/yr
Tax Growth (Historical)-0.1%
Based on 64 regional loans totaling $12,550,000 (HMDA database).
$
%

$23,660 down · $203,840 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$114 / month

$

Annual premium

$

Per month

%

$86 / month

Estimated Monthly Payment

$1,648/mo

  • Principal & Interest$1,297
  • Property Tax$114
  • Home Insurance$150
  • FHA MIP$86
Amortization · Remaining Balance

Financed Loan Amount

$207,407

Total Interest

$259,637

Total of Payments

$467,044

*Includes financed FHA Upfront MIP of $3,567

Local Market Insights

Marion County FHA Mortgage Overview

Marion County homebuyers using FHA loans put down 10.40% on a typical $227,500 property, offering accessible entry. However, with an 89.60% loan-to-value ratio, the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life, ideal for those with sub-620 credit. The 0.60% effective property tax rate, with a -0.1% inflation-adjusted decline, slightly eases monthly costs. For an FHA loan calculator with PMI and taxes in Marion County, KY, this data confirms stable affordability for primary residences.

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.