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Montgomery County FHA Loan Calculator

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

Loan Details

Montgomery County, KY Benchmarks

FHA averages
Typical Property Value$243,323
Average Down Payment8.3%
Average Interest Rate6.420%
Effective Tax Rate0.75%
Median Tax Paid$1,265/yr
Tax Growth (Historical)+0.4%
Based on 155 regional loans totaling $33,655,000 (HMDA database).
$
%

$20,196 down · $223,127 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$152 / month

$

Annual premium

$

Per month

%

$95 / month

Estimated Monthly Payment

$1,820/mo

  • Principal & Interest$1,423
  • Property Tax$152
  • Home Insurance$150
  • FHA MIP$95
Amortization · Remaining Balance

Financed Loan Amount

$227,032

Total Interest

$285,274

Total of Payments

$512,306

*Includes financed FHA Upfront MIP of $3,905

Local Market Insights

Montgomery County FHA Mortgage Overview

For Montgomery County homebuyers, the 8.34% average down payment on FHA loans provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life—a key factor when using an FHA loan calculator with PMI and taxes. The 91.66% Loan-to-Value ratio confirms low equity, making this ideal for those with sub-620 credit scores. With an effective tax rate of 0.75% and a 0.4% inflation-adjusted increase, true monthly affordability is modestly impacted. All data reflects 100% primary residence purchases, 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.