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Kentucky Mortgage Calculator

Estimate your monthly mortgage payment in Kentucky, pre-loaded with the state's 0.80% average property tax rate and local insurance costs.

Median home price
$220,000
Avg property tax
0.80%
Avg insurance
$1,700/yr
$220,000
$44,000 (20%)

20%+ — no PMI

6.75%
Loan term
Taxes, insurance & fees
%
$
%
$

Estimated monthly payment

$1,430

on a $176,000 loan

Monthly$1,430
  • Principal & interest$1,142
  • Property tax$147
  • Home insurance$142
Loan amount
$176,000
Down payment
20%
Total interest
$234,952
Total of payments
$410,952

Buying a home in Kentucky

Housing costs in Kentucky are shaped by local property taxes, insurance, and home prices. With an average effective property tax rate of 0.80% and a median home price around $220,000, a typical buyer putting 20% down would finance roughly $176,000. Use the calculator above to model your own price, down payment, and rate — it already reflects Kentucky's tax and insurance averages so your estimate is closer to reality.

Remember that these figures are statewide averages. Your county and city can have meaningfully different tax rates, and insurance premiums depend on your specific home. For the most accurate estimate, enter a quote from a licensed Kentucky lender and your actual insurance and tax figures.

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Kentucky mortgage FAQs

What is the average property tax rate in Kentucky?

Kentucky has an average effective property tax rate of about 0.80% of a home's value per year. On the state's indicative median home price of $220,000, that works out to roughly $1,760 per year, usually collected monthly through escrow.

How much is a mortgage payment in Kentucky?

Your payment depends on the home price, down payment, interest rate, and term. We've pre-filled this calculator with Kentucky's median home price of $220,000 and local tax and insurance estimates — adjust the sliders to match your situation.

Does this calculator include Kentucky homeowners insurance?

Yes. We've defaulted to an indicative Kentucky average of about $1,700 per year. Insurance varies by location, home age, and coverage, so enter a real quote for the most accurate estimate.