Conventional Loan Calculator — Kentucky
In Kentucky, one-unit loans up to $832,750 are conforming. With 10% down on the typical $233,000 home, the $209,700 loan carries estimated PMI of 0.72% ($126/mo), which drops off after about 9 years once the balance reaches 80% of the price.
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.
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 |
Conventional Loan numbers for Kentucky
- Typical Kentucky home value
- $233,000
- 10% down ($23,300) · Zillow, August 31, 2026
- Loan amount
- $209,700
- conforming in all 120 Kentucky counties
- Estimated monthly payment
- $2,006
- APR 7.488%
- Kentucky property tax
- 0.74%
- $144/mo
- Homeowners insurance
- $4,042/yr
- $337/mo
- Kentucky conforming limit
- $832,750
- Above this, the loan is jumbo
- PMI
- 0.72% · $126/mo
- Drops off after 9 years
How much house can you afford in Kentucky with a conventional loan?
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% |
Conventional vs other loan types 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 payment on a $233,000 home with a conventional loan in Kentucky?
Estimated $2,006 per month ($1,399 principal & interest, $144 property tax, $337 insurance, $126 PMI) at 7.03% for 30 years, with 10% down. APR 7.488%.
How much is PMI on a Kentucky conventional loan?
At 90% loan-to-value, PMI is estimated at 0.72% a year ($126/mo). It can be removed once the balance reaches 80% of the home's original value.
Explore related calculators
Compare in Kentucky
Conventional Loan calculator in nearby states
- Conventional Loan calculator — Illinois ($2,638/mo)
- Conventional Loan calculator — Indiana ($2,107/mo)
- Conventional Loan calculator — Missouri ($2,285/mo)
- Conventional Loan calculator — Ohio ($2,089/mo)
- Conventional Loan calculator — Tennessee ($2,578/mo)
- Conventional Loan calculator — Virginia ($3,159/mo)
- Conventional Loan calculator — West Virginia ($1,403/mo)
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
- 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
- CFPB — What is private mortgage insurance?
- Homeowners Protection Act (PMI cancellation at 78–80% LTV)
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.