Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Kentucky mortgage costs
What a typical Kentucky (KY) purchase actually costs each month once property tax, insurance and PMI are included — and how to model your own numbers.
| Median home price | $230,000 |
|---|---|
| 10% down payment | $23,000 |
| Loan amount | $207,000 |
| Principal & interest (30yr @ 6.75%) | $1,343/mo |
| Property tax (0.83%) | $159/mo |
| Homeowners insurance | $192/mo |
| PMI (until 20% equity) | $86/mo |
| Estimated total monthly | $1,780/mo |
Illustrative only, at a 6.75% sample rate with 10% down. Your rate, tax assessment and insurance premium will differ.
What makes Kentucky different
Flat state income tax and modest property tax keep the after-tax comparison close to the pre-tax one.
Worth noticing: insurance costs more than property tax here ($192 against $159 a month). That is the minority case nationally, and it means the usual advice to shop for a lower assessment matters less than shopping the policy.
Entry prices are among the country's more forgiving: a median $230,000 is the 7th lowest in the country, $112,500 below the national median, so a 20% deposit is roughly $46,000.
At $230,000 to buy against $1,250 a month to rent, the price-to-rent ratio is 15.3 — the 11th lowest in the country, close enough to the middle that the answer turns on your holding period and what a down payment would earn invested instead.
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