VA Loan Calculator — Kentucky
An eligible VA borrower can buy the typical Kentucky home ($233,000) with no down payment. The 2.15% first-use funding fee ($5,010) is rolled into a $238,010 loan, and there is no monthly mortgage insurance — saving about $104 a month versus FHA MIP on the same home.
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
$2,069
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$333,773
Total Cost
$744,766
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $19,059 | $2,404 | $16,656 | — | $235,606 | -$2,606 |
| Year 2 | $19,059 | $2,578 | $16,481 | — | $233,027 | -$27 |
| Year 3 | $19,059 | $2,766 | $16,294 | — | $230,262 | $2,738 |
| Year 4 | $19,059 | $2,966 | $16,093 | — | $227,296 | $5,704 |
| Year 5 | $19,059 | $3,182 | $15,878 | — | $224,114 | $8,886 |
| Year 6 | $19,059 | $3,413 | $15,647 | — | $220,701 | $12,299 |
| Year 7 | $19,059 | $3,661 | $15,399 | — | $217,041 | $15,959 |
| Year 8 | $19,059 | $3,926 | $15,133 | — | $213,114 | $19,886 |
| Year 9 | $19,059 | $4,211 | $14,848 | — | $208,903 | $24,097 |
| Year 10 | $19,059 | $4,517 | $14,542 | — | $204,386 | $28,614 |
| Year 11 | $19,059 | $4,845 | $14,214 | — | $199,541 | $33,459 |
| Year 12 | $19,059 | $5,197 | $13,862 | — | $194,344 | $38,656 |
| Year 13 | $19,059 | $5,574 | $13,485 | — | $188,769 | $44,231 |
| Year 14 | $19,059 | $5,979 | $13,080 | — | $182,790 | $50,210 |
| Year 15 | $19,059 | $6,413 | $12,646 | — | $176,377 | $56,623 |
| Year 16 | $19,059 | $6,879 | $12,180 | — | $169,498 | $63,502 |
| Year 17 | $19,059 | $7,378 | $11,681 | — | $162,120 | $70,880 |
| Year 18 | $19,059 | $7,914 | $11,145 | — | $154,205 | $78,795 |
| Year 19 | $19,059 | $8,489 | $10,571 | — | $145,717 | $87,283 |
| Year 20 | $19,059 | $9,105 | $9,954 | — | $136,612 | $96,388 |
| Year 21 | $19,059 | $9,766 | $9,293 | — | $126,845 | $106,155 |
| Year 22 | $19,059 | $10,475 | $8,584 | — | $116,370 | $116,630 |
| Year 23 | $19,059 | $11,236 | $7,823 | — | $105,134 | $127,866 |
| Year 24 | $19,059 | $12,052 | $7,008 | — | $93,082 | $139,918 |
| Year 25 | $19,059 | $12,927 | $6,132 | — | $80,155 | $152,845 |
| Year 26 | $19,059 | $13,866 | $5,194 | — | $66,290 | $166,710 |
| Year 27 | $19,059 | $14,872 | $4,187 | — | $51,417 | $181,583 |
| Year 28 | $19,059 | $15,952 | $3,107 | — | $35,465 | $197,535 |
| Year 29 | $19,059 | $17,111 | $1,949 | — | $18,355 | $214,645 |
| Year 30 | $19,061 | $18,355 | $706 | — | $0 | $233,000 |
VA Loan numbers for Kentucky
- Typical Kentucky home value
- $233,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $238,010
- Includes $5,010 financed funding fee
- Estimated monthly payment
- $2,069
- APR 7.242%
- Kentucky property tax
- 0.74%
- $144/mo
- Homeowners insurance
- $4,042/yr
- $337/mo
- VA funding fee (first use)
- 2.15% · $5,010
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $104/mo
- Same $233,000 home, FHA at 3.5% down
How much house can you afford in Kentucky with a va loan?
Highest price where principal, interest, Kentucky property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 | $111,000 | $0 | 48% |
| $75,000 | $1,750 | $190,000 | $0 | 82% |
| $100,000 | $2,333 | $268,000 | $0 | 115% |
| $125,000 | $2,917 | $347,000 | $0 | 149% |
| $150,000 | $3,500 | $425,000 | $0 | 183% |
| $200,000 | $4,667 | $582,000 | $0 | 250% |
| $250,000 | $5,833 | $739,000 | $0 | 318% |
VA 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 va loan in Kentucky?
Estimated $2,069 per month ($1,588 principal & interest, $144 property tax, $337 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $233,000 Kentucky home?
$5,010 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- 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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.