Kentucky Mortgage Calculator
Estimate a monthly mortgage payment in Kentucky using the state's 0.86% effective property tax rate. Includes taxes, insurance, PMI and closing costs.
Kentucky at a glance
- Effective property tax rate
- 0.86%
- 28th highest of 51
- Median home value
- $155,000
- National: $408,800
- Median annual property tax
- $1,333
- National: $2,690
- Real estate transfer tax
- Yes
- Charged at closing
What a median-priced home costs per month in Kentucky
The median home in Kentucky is worth about $155,000. With 20% down ($31,000) on a 30-year loan at 6.5%, the principal and interest payment is roughly $784. Add Kentucky’s property tax at 0.86% of value ($111 a month) and homeowners insurance at the national average ($212 a month), and the full monthly cost lands near $1,107.
Using the standard 28% front-end guideline, a payment that size implies a household income of roughly $47,433 a year to qualify comfortably.
| Down payment | Loan | P&I | Tax | Insurance | PMI | Total |
|---|---|---|---|---|---|---|
| 20% ($31,000) | $124,000 | $784 | $111 | $212 | None | $1,107 |
| 10% ($15,500) | $139,500 | $882 | $111 | $212 | $70 | $1,274 |
Run your own numbers for Kentucky
The calculator below is preloaded with Kentucky’s median home price and its 0.86% property tax rate. Change any figure to match the home you are actually looking at.
Your numbers
- Principal & interest
- $784
- Property tax + insurance
- $323
- HOA
- $0
- PMI
- Not required (20%+ equity)
- Loan amount
- $124,000
- Loan-to-value (LTV)
- 80.0%
- Total interest paid
- $158,155
- Total of all payments
- $282,155
How Kentucky property tax compares
At 0.86%, Kentucky sits below the national average of 1.1% — a difference of 0.24 percentage points, or about $31 a month on a median-priced home here. Across all 50 states and the District of Columbia, it ranks 28 from the top.
Statewide figures hide a lot. Effective rates are set at the county, city and school-district level, so two homes of identical value an hour apart in Kentucky can carry very different bills. Check the county assessor’s published rate for the specific address before committing to a budget.
Closing costs in Kentucky
Buyers typically pay 2–5% of the purchase price at closing, which on the Kentucky median of $155,000 works out to roughly $3,100 to $7,750. That covers lender origination, appraisal, title insurance and settlement, recording fees, and prepaid escrow for taxes and insurance.
Kentucky levies a real estate transfer or deed tax, which is collected at closing. Who pays it — buyer, seller, or split — is set by state practice and is negotiable in the purchase contract, so confirm the allocation before you sign.
Total interest over 30 years
On the $124,000 loan above at 6.5%, total interest across the full term comes to about $158,155 — roughly 128% of the amount borrowed. Adding $200 a month to principal would retire the loan years early and cut that figure substantially; the mortgage payoff calculator shows exactly how much.
| State | Median value | Tax rate | Median tax bill |
|---|---|---|---|
| Kentucky | $155,000 | 0.86% | $1,333 |
| Oklahoma | $153,000 | 0.87% | $1,331 |
| Alabama | $157,100 | 0.4% | $628 |
| Iowa | $165,000 | 1.52% | $2,508 |
| Arkansas | $142,000 | 0.62% | $880 |
| Ohio | $173,000 | 1.53% | $2,647 |
Mortgage calculators for other states
Disclaimer: estimates for general information only, not financial advice and not an offer of credit. Actual figures depend on your lender, credit profile and location.