FHA Loan Calculator — Kentucky
On the typical Kentucky home ($233,000), 3.5% down leaves a $224,845 base loan. The 1.75% upfront premium ($3,935) is financed, for a $228,780 loan, and annual MIP of 0.55% adds $104 a month for the life of the loan. Kentucky FHA limits run $541,287–$832,750 by county.
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
$2,112
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$320,828
Total Cost
$747,692
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $18,320 | $2,311 | $16,010 | $1,253 | $226,469 | $6,531 |
| Year 2 | $18,320 | $2,478 | $15,842 | $1,239 | $223,991 | $9,009 |
| Year 3 | $18,320 | $2,658 | $15,662 | $1,225 | $221,333 | $11,667 |
| Year 4 | $18,320 | $2,851 | $15,469 | $1,210 | $218,481 | $14,519 |
| Year 5 | $18,320 | $3,058 | $15,262 | $1,194 | $215,423 | $17,577 |
| Year 6 | $18,320 | $3,280 | $15,040 | $1,177 | $212,143 | $20,857 |
| Year 7 | $18,320 | $3,519 | $14,802 | $1,158 | $208,624 | $24,376 |
| Year 8 | $18,320 | $3,774 | $14,546 | $1,138 | $204,850 | $28,150 |
| Year 9 | $18,320 | $4,048 | $14,272 | $1,117 | $200,802 | $32,198 |
| Year 10 | $18,320 | $4,342 | $13,978 | $1,094 | $196,460 | $36,540 |
| Year 11 | $18,320 | $4,657 | $13,663 | $1,069 | $191,802 | $41,198 |
| Year 12 | $18,320 | $4,995 | $13,325 | $1,042 | $186,807 | $46,193 |
| Year 13 | $18,320 | $5,358 | $12,962 | $1,014 | $181,449 | $51,551 |
| Year 14 | $18,320 | $5,747 | $12,573 | $984 | $175,701 | $57,299 |
| Year 15 | $18,320 | $6,165 | $12,156 | $951 | $169,537 | $63,463 |
| Year 16 | $18,320 | $6,612 | $11,708 | $916 | $162,924 | $70,076 |
| Year 17 | $18,320 | $7,092 | $11,228 | $878 | $155,832 | $77,168 |
| Year 18 | $18,320 | $7,607 | $10,713 | $838 | $148,225 | $84,775 |
| Year 19 | $18,320 | $8,160 | $10,161 | $795 | $140,065 | $92,935 |
| Year 20 | $18,320 | $8,752 | $9,568 | $749 | $131,313 | $101,687 |
| Year 21 | $18,320 | $9,388 | $8,933 | $699 | $121,926 | $111,074 |
| Year 22 | $18,320 | $10,069 | $8,251 | $645 | $111,856 | $121,144 |
| Year 23 | $18,320 | $10,800 | $7,520 | $588 | $101,056 | $131,944 |
| Year 24 | $18,320 | $11,585 | $6,736 | $527 | $89,471 | $143,529 |
| Year 25 | $18,320 | $12,426 | $5,895 | $461 | $77,046 | $155,954 |
| Year 26 | $18,320 | $13,328 | $4,992 | $391 | $63,718 | $169,282 |
| Year 27 | $18,320 | $14,296 | $4,025 | $315 | $49,422 | $183,578 |
| Year 28 | $18,320 | $15,334 | $2,987 | $234 | $34,088 | $198,912 |
| Year 29 | $18,320 | $16,447 | $1,873 | $147 | $17,641 | $215,359 |
| Year 30 | $18,320 | $17,641 | $679 | $53 | $0 | $233,000 |
FHA Loan numbers for Kentucky
- Typical Kentucky home value
- $233,000
- 3.5% down ($8,155) · Zillow, August 31, 2026
- Loan amount
- $228,780
- Includes $3,935 financed UFMIP
- Estimated monthly payment
- $2,112
- APR 7.761%
- Kentucky property tax
- 0.74%
- $144/mo
- Homeowners insurance
- $4,042/yr
- $337/mo
- Upfront MIP (1.75%)
- $3,935
- Financed into the loan
- Annual MIP
- 0.55%
- $104/mo in year 1 · life of loan
- Kentucky FHA loan limit
- $541,287 – $832,750
- One-unit, by county
How much house can you afford in Kentucky with an fha loan?
Highest price where principal, interest, Kentucky property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% 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 |
|---|---|---|---|---|
| $40,000 | $933 | $78,000 | $2,730 | 34% |
| $50,000 | $1,167 | $108,000 | $3,780 | 46% |
| $60,000 | $1,400 | $139,000 | $4,865 | 60% |
| $75,000 | $1,750 | $185,000 | $6,475 | 80% |
| $100,000 | $2,333 | $262,000 | $9,170 | 113% |
| $125,000 | $2,917 | $338,000 | $11,830 | 145% |
| $150,000 | $3,500 | $415,000 | $14,525 | 178% |
FHA 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 an fha loan in Kentucky?
Estimated $2,112 per month ($1,527 principal & interest, $144 property tax, $337 insurance, $104 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Kentucky for 2026?
Between $541,287 and $832,750 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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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
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.