Scott County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Scott County, KY Benchmarks

FHA averages

Typical Property Value$320,655

Average Down Payment9.8%

Average Interest Rate6.313%

Effective Tax Rate0.62%

Median Tax Paid$1,908/yr

Tax Growth (Historical)+2.8%

Based on 360 regional loans totaling $102,650,000 (HMDA database).

Home Price

Down Payment

$31,424 down · $289,231 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

$166 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$123 / month

Estimated Monthly Payment

$2,262/mo

Principal & Interest$1,824
Property Tax$166
Home Insurance$150
FHA MIP$123

Amortization · Remaining Balance

Financed Loan Amount

$294,292

Total Interest

$362,171

Total of Payments

$656,463

*Includes financed FHA Upfront MIP of $5,062

Local Market Insights

Scott County FHA Mortgage Overview

Scott County FHA buyers are leveraging a 9.81% down payment on a $320,655 average property, requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. The 90.19% LTV and 100% owner-occupancy confirm this is a primary residence market. With a 6.313% rate and a 0.62% effective tax rate (up 2.8% inflation-adjusted), monthly costs are rising. An FHA loan down payment analysis in Scott County, Kentucky shows this low entry point offsets the permanent MIP, while the tax shift subtly increases true affordability hurdles.

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.