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Kentucky Mortgage Calculator

Your monthly mortgage payment in Kentucky, with Kentucky's effective property tax rate (0.75%) built in, at this week's average rate. The calculator starts at the state's median home value, $205,600.

A $206,000 home with 20% down ($164,800 borrowed) at 7.28% over 30 years costs about $1,423 a month: $1,128 principal and interest plus $296 of tax, insurance and dues.

Monthly payment
$1,423.17
Principal and interest
$1,127.58
Tax, insurance, PMI and HOA
$295.59
Total interest over the loan
$241,129
Loan balance and interest paid over 30 years at 7.28%$0$50k$100k$150k$200k$250k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $164,800 at 7.28%
YearInterestPrincipalBalance
1$11,945.22$1,585.76$163,214.24
2$11,825.85$1,705.13$161,509.11
3$11,697.49$1,833.50$159,675.61
4$11,559.46$1,971.52$157,704.09
5$11,411.05$2,119.93$155,584.16
6$11,251.46$2,279.52$153,304.64
7$11,079.86$2,451.12$150,853.52
8$10,895.35$2,635.64$148,217.89
9$10,696.94$2,834.04$145,383.84
10$10,483.59$3,047.39$142,336.46
11$10,254.19$3,276.79$139,059.66
12$10,007.52$3,523.46$135,536.20
13$9,742.28$3,788.71$131,747.49
14$9,457.07$4,073.92$127,673.58
15$9,150.39$4,380.60$123,292.98
16$8,820.62$4,710.36$118,582.62
17$8,466.03$5,064.95$113,517.66
18$8,084.74$5,446.24$108,071.43
19$7,674.76$5,856.22$102,215.20
20$7,233.91$6,297.07$95,918.13
21$6,759.87$6,771.11$89,147.02
22$6,250.15$7,280.83$81,866.18
23$5,702.06$7,828.93$74,037.26
24$5,112.70$8,418.28$65,618.98
25$4,478.98$9,052.00$56,566.98
26$3,797.56$9,733.42$46,833.56
27$3,064.84$10,466.14$36,367.42
28$2,276.96$11,254.02$25,113.39
29$1,429.77$12,101.21$13,012.18
30$518.80$13,012.18$0.00

This week's mortgage rates →

Monthly payment in Kentucky by home price (20% down, 7%, 30 years, 0.75% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$100,000$532$63$761
$150,000$798$94$1,059
$210,000$1,118$131$1,416
$310,000$1,650$194$2,011
$410,000$2,182$257$2,605

How this calculator works

As the mortgage calculator, with Kentucky's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $1,544 ÷ median value $205,600.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in Kentucky?

On $205,600 with 20% down at 7% over 30 years: about $1,094 principal and interest and $129 of property tax, $1,390 a month with $2,000 a year of insurance.

What is the median home value in Kentucky?

$205,600 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Kentucky?

The effective rate is 0.75%, a median $1,544 a year. See Kentucky's property tax page for every county we cover.

How much income do I need for a median Kentucky home?

Under the 28% guideline, about $59,555 a year for the payment above; Kentucky's median household income is $63,726.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • Kentucky Property Tax CalculatorKentucky homeowners pay a median $1,544 a year in property tax, 0.75% of a median $205,600 home: the 29th highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.