Kentucky Mortgage Calculator
Estimate your monthly mortgage payment in Kentucky. On the state's median home value of $210,000, with a 20% down payment at today's rates, expect a total monthly payment (principal, interest, taxes, and insurance) around $1,337. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,062
- Property Tax$151
- Home Insurance$125
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $12,742 | $1,878 | $10,865 | $166,122 |
| 2 | $12,742 | $2,004 | $10,739 | $164,119 |
| 3 | $12,742 | $2,138 | $10,605 | $161,981 |
| 4 | $12,742 | $2,281 | $10,462 | $159,700 |
| 5 | $12,742 | $2,434 | $10,309 | $157,266 |
| 6 | $12,742 | $2,597 | $10,146 | $154,670 |
| 7 | $12,742 | $2,771 | $9,972 | $151,899 |
| 8 | $12,742 | $2,956 | $9,786 | $148,943 |
| 9 | $12,742 | $3,154 | $9,588 | $145,789 |
| 10 | $12,742 | $3,365 | $9,377 | $142,424 |
| 11 | $12,742 | $3,591 | $9,152 | $138,833 |
| 12 | $12,742 | $3,831 | $8,911 | $135,002 |
| 13 | $12,742 | $4,088 | $8,655 | $130,914 |
| 14 | $12,742 | $4,361 | $8,381 | $126,553 |
| 15 | $12,742 | $4,654 | $8,089 | $121,899 |
| 16 | $12,742 | $4,965 | $7,777 | $116,934 |
| 17 | $12,742 | $5,298 | $7,445 | $111,636 |
| 18 | $12,742 | $5,653 | $7,090 | $105,984 |
| 19 | $12,742 | $6,031 | $6,711 | $99,953 |
| 20 | $12,742 | $6,435 | $6,307 | $93,518 |
| 21 | $12,742 | $6,866 | $5,876 | $86,652 |
| 22 | $12,742 | $7,326 | $5,417 | $79,326 |
| 23 | $12,742 | $7,816 | $4,926 | $71,509 |
| 24 | $12,742 | $8,340 | $4,403 | $63,169 |
| 25 | $12,742 | $8,898 | $3,844 | $54,271 |
| 26 | $12,742 | $9,494 | $3,248 | $44,777 |
| 27 | $12,742 | $10,130 | $2,612 | $34,646 |
| 28 | $12,742 | $10,809 | $1,934 | $23,838 |
| 29 | $12,742 | $11,533 | $1,210 | $12,305 |
| 30 | $12,742 | $12,305 | $438 | $0 |
Swipe the table sideways to see all columns →
How to use it
A two-minute guide.
The Home Price field is pre-filled with Kentucky's median home value (about $210,000). Override with your target home's actual price for a property-specific estimate.
The Property Tax Rate is pre-filled with Kentucky's average effective rate of 0.86%. Within Kentucky, rates vary by county — if you know your specific local rate from your county assessor or last tax bill, override it for a more precise estimate.
The Home Insurance default reflects Kentucky's typical annual premium of approximately $1,500.
Adjust the Down Payment slider to compare scenarios. Below 20% down triggers PMI; the calculator adds it automatically and flags it.
How it works
The math behind the result.
The Kentucky median home, in dollar terms. At $210,000 with a 20% down payment, you bring $42,000 to closing (plus closing costs) and take out a $168,000 mortgage. At today's 6.50% 30-year fixed rate, your monthly principal and interest is roughly $1,062.
Kentucky's ongoing housing costs. The state's average property tax rate of 0.86% produces about $1,806 per year on a median-priced home — typically paid through escrow with your mortgage. Insurance averages $1,500/year in Kentucky.
Total monthly payment (PITI) on the median Kentucky home works out to about $1,337/month at current rates with 20% down and no HOA. Putting less down adds PMI; HOA dues add separately if your specific neighborhood requires them.
Your specific city matters. Median home prices vary widely within Kentucky — major cities are usually 30-100% above the state median, rural areas can be well below. For city-specific calculators with local home prices pre-filled, use the city links below.
Questions
Frequently asked.
Want a more local estimate? See our city-specific Kentucky mortgage calculators or check Kentucky property tax rates.
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