Kentucky Mortgage Calculator
Kentucky has the 19th-lowest effective property tax rate of the 50 states at 0.74% — $396 less a year than the 0.91% state average on a $233,000 home. Homeowners insurance averages $4,042 a year, the 8th-highest premium nationally and $1,322 more than the typical state.
All 120 Kentucky counties use the $832,750 baseline conforming limit for 2026, so any one-unit loan above it is a jumbo loan. FHA limits run from $541,287 to $832,750 by county.
On a $233,000 home, property tax and insurance add $481 a month in Kentucky, compared with $254 in West Virginia, $324 in Virginia, $347 in Tennessee, $388 in Indiana, $441 in Ohio, $504 in Missouri, $585 in Illinois.
Loan Parameters
Total Monthly Payment
$2,006
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$294,069
Total Cost
$689,335
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $16,792 | $2,118 | $14,675 | $1,510 | $207,582 | $25,418 |
| Year 2 | $16,792 | $2,272 | $14,521 | $1,510 | $205,310 | $27,690 |
| Year 3 | $16,792 | $2,437 | $14,356 | $1,510 | $202,874 | $30,126 |
| Year 4 | $16,792 | $2,614 | $14,179 | $1,510 | $200,260 | $32,740 |
| Year 5 | $16,792 | $2,803 | $13,989 | $1,510 | $197,457 | $35,543 |
| Year 6 | $16,792 | $3,007 | $13,786 | $1,510 | $194,450 | $38,550 |
| Year 7 | $16,792 | $3,225 | $13,567 | $1,510 | $191,225 | $41,775 |
| Year 8 | $16,792 | $3,459 | $13,333 | $1,510 | $187,765 | $45,235 |
| Year 9 | $16,792 | $3,711 | $13,082 | $503 | $184,055 | $48,945 |
| Year 10 | $16,792 | $3,980 | $12,812 | — | $180,075 | $52,925 |
| Year 11 | $16,792 | $4,269 | $12,523 | — | $175,806 | $57,194 |
| Year 12 | $16,792 | $4,579 | $12,213 | — | $171,227 | $61,773 |
| Year 13 | $16,792 | $4,911 | $11,881 | — | $166,315 | $66,685 |
| Year 14 | $16,792 | $5,268 | $11,524 | — | $161,047 | $71,953 |
| Year 15 | $16,792 | $5,651 | $11,142 | — | $155,397 | $77,603 |
| Year 16 | $16,792 | $6,061 | $10,732 | — | $149,336 | $83,664 |
| Year 17 | $16,792 | $6,501 | $10,292 | — | $142,835 | $90,165 |
| Year 18 | $16,792 | $6,973 | $9,819 | — | $135,862 | $97,138 |
| Year 19 | $16,792 | $7,479 | $9,313 | — | $128,383 | $104,617 |
| Year 20 | $16,792 | $8,022 | $8,770 | — | $120,360 | $112,640 |
| Year 21 | $16,792 | $8,605 | $8,188 | — | $111,755 | $121,245 |
| Year 22 | $16,792 | $9,230 | $7,563 | — | $102,526 | $130,474 |
| Year 23 | $16,792 | $9,900 | $6,893 | — | $92,626 | $140,374 |
| Year 24 | $16,792 | $10,619 | $6,174 | — | $82,007 | $150,993 |
| Year 25 | $16,792 | $11,390 | $5,403 | — | $70,618 | $162,382 |
| Year 26 | $16,792 | $12,217 | $4,576 | — | $58,401 | $174,599 |
| Year 27 | $16,792 | $13,104 | $3,689 | — | $45,297 | $187,703 |
| Year 28 | $16,792 | $14,055 | $2,737 | — | $31,242 | $201,758 |
| Year 29 | $16,792 | $15,076 | $1,717 | — | $16,166 | $216,834 |
| Year 30 | $16,788 | $16,166 | $622 | — | $0 | $233,000 |
Kentucky mortgage data
- Typical home value
- $232,577
- Zillow ZHVI, August 31, 2026 (U.S. $368,697)
- Effective property tax rate
- 0.74%
- $1,724/yr on a $233,000 home
- Average homeowners insurance
- $4,042/yr
- $337/mo
- 2026 conforming loan limit
- $832,750
- 120 counties
- High-cost counties
- 0
- None — baseline limit statewide
- 2026 FHA loan limit (1-unit)
- $541,287 – $832,750
- Varies by county — confirm on HUD
- Current 30-yr / 15-yr fixed average
- 7.03% / 6.42%
- Freddie Mac PMMS, September 24, 2026
How much house can you afford in Kentucky?
Highest price where principal, interest, Kentucky property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $115,000 | $11,500 | 49% |
| $75,000 | $1,750 | $197,000 | $19,700 | 85% |
| $100,000 | $2,333 | $278,000 | $27,800 | 120% |
| $125,000 | $2,917 | $360,000 | $36,000 | 155% |
| $150,000 | $3,500 | $441,000 | $44,100 | 190% |
| $200,000 | $4,667 | $604,000 | $60,400 | 260% |
| $250,000 | $5,833 | $767,000 | $76,700 | 330% |
Kentucky mortgage payment by loan amount
30-year fixed at 7.03%, 20% down, with Kentucky property tax and insurance on the matching home price.
| Loan amount | P&I | Total / month | Income needed | Loan type |
|---|---|---|---|---|
| $150,000 mortgage | $1,001 | $1,453 | $63,000 | Conforming |
| $175,000 mortgage | $1,168 | $1,640 | $71,000 | Conforming |
| $200,000 mortgage | $1,335 | $1,826 | $79,000 | Conforming |
| $225,000 mortgage | $1,501 | $2,012 | $87,000 | Conforming |
| $250,000 mortgage | $1,668 | $2,198 | $95,000 | Conforming |
| $275,000 mortgage | $1,835 | $2,384 | $103,000 | Conforming |
| $300,000 mortgage | $2,002 | $2,570 | $111,000 | Conforming |
| $325,000 mortgage | $2,169 | $2,756 | $119,000 | Conforming |
| $350,000 mortgage | $2,336 | $2,942 | $127,000 | Conforming |
| $375,000 mortgage | $2,502 | $3,128 | $135,000 | Conforming |
| $400,000 mortgage | $2,669 | $3,314 | $143,000 | Conforming |
| $425,000 mortgage | $2,836 | $3,501 | $151,000 | Conforming |
| $450,000 mortgage | $3,003 | $3,687 | $158,000 | Conforming |
| $475,000 mortgage | $3,170 | $3,873 | $166,000 | Conforming |
| $500,000 mortgage | $3,337 | $4,059 | $174,000 | Conforming |
| $525,000 mortgage | $3,503 | $4,245 | $182,000 | Conforming |
| $550,000 mortgage | $3,670 | $4,431 | $190,000 | Conforming |
| $575,000 mortgage | $3,837 | $4,617 | $198,000 | Conforming |
| $600,000 mortgage | $4,004 | $4,803 | $206,000 | Conforming |
| $625,000 mortgage | $4,171 | $4,989 | $214,000 | Conforming |
| $650,000 mortgage | $4,338 | $5,175 | $222,000 | Conforming |
| $675,000 mortgage | $4,504 | $5,362 | $230,000 | Conforming |
| $700,000 mortgage | $4,671 | $5,548 | $238,000 | Conforming |
| $725,000 mortgage | $4,838 | $5,734 | $246,000 | Conforming |
| $750,000 mortgage | $5,005 | $5,920 | $254,000 | Conforming |
| $775,000 mortgage | $5,172 | $6,106 | $262,000 | Conforming |
| $800,000 mortgage | $5,339 | $6,292 | $270,000 | Conforming |
| $825,000 mortgage | $5,505 | $6,478 | $278,000 | Conforming |
| $850,000 mortgage | $5,672 | $6,664 | $286,000 | Jumbo |
| $875,000 mortgage | $5,839 | $6,850 | $294,000 | Jumbo |
| $900,000 mortgage | $6,006 | $7,036 | $302,000 | Jumbo |
| $925,000 mortgage | $6,173 | $7,223 | $310,000 | Jumbo |
| $950,000 mortgage | $6,340 | $7,409 | $318,000 | Jumbo |
| $975,000 mortgage | $6,506 | $7,595 | $326,000 | Jumbo |
| $1,000,000 mortgage | $6,673 | $7,781 | $334,000 | Jumbo |
| $1,100,000 mortgage | $7,341 | $8,525 | $366,000 | Jumbo |
| $1,200,000 mortgage | $8,008 | $9,270 | $398,000 | Jumbo |
| $1,300,000 mortgage | $8,675 | $10,014 | $430,000 | Jumbo |
| $1,400,000 mortgage | $9,342 | $10,758 | $462,000 | Jumbo |
| $1,500,000 mortgage | $10,010 | $11,503 | $493,000 | Jumbo |
Loan programs compared in Kentucky
$233,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $23,300 | $209,700 | — | $126 PMI | $2,006 | 7.488% |
| FHA | 3.5% · $8,155 | $228,780 | UFMIP $3,935 | $104 MIP | $2,112 | 7.761% |
| VA | 0% · $0 | $238,010 | Funding fee $5,010 | $0 | $2,069 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $46,600 | $186,400 | — | $0 | $1,724 | 7.030% |
Frequently asked questions
What is the monthly mortgage payment on a $233,000 home in Kentucky?
$233,000 is the typical Kentucky home value. With 10% down on a conventional loan, the estimated payment is $2,006 per month ($1,399 principal & interest, $144 property tax, $337 insurance, $126 PMI) at 7.03% for 30 years, including Kentucky's 0.74% effective property tax rate.
What is the 2026 conforming loan limit in Kentucky?
$832,750 for a one-unit home in all 120 counties. Larger loans are jumbo loans.
How much income do I need for a $233,000 home in Kentucky?
About $86,000 a year if housing costs stay within 28% of gross income — a common lender guideline. Lenders also look at total debt-to-income, usually capped around 43%–50%.
How much house can I afford in Kentucky on a $100,000 salary?
About $278,000 with 10% down, keeping the payment (including Kentucky property tax, insurance and PMI) within 28% of gross income at 7.03%. The typical Kentucky home ($232,577) needs roughly $86,000 a year.
Explore related calculators
Kentucky calculators by loan type
Nearby states
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.