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Kentucky mortgage calculator

Pre-filled for Kentucky: the median home value ($225,000) and the state's effective property tax rate of 0.71%. Change anything to match your home.

Home price
Down payment$45,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$1,420.84

Loan $180,000 · 20% down

  • Principal & interest$1,137.72
  • Property tax$133.12
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$229,582
Total cost
$511,505
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 2,012, Interest 11,64112: Principal 2,147, Interest 11,5063: Principal 2,290, Interest 11,3624: Principal 2,444, Interest 11,20945: Principal 2,607, Interest 11,0456: Principal 2,782, Interest 10,8717: Principal 2,968, Interest 10,6848: Principal 3,167, Interest 10,48589: Principal 3,379, Interest 10,27310: Principal 3,606, Interest 10,04711: Principal 3,847, Interest 9,80612: Principal 4,105, Interest 9,5481213: Principal 4,380, Interest 9,27314: Principal 4,673, Interest 8,98015: Principal 4,986, Interest 8,66716: Principal 5,320, Interest 8,3331617: Principal 5,676, Interest 7,97718: Principal 6,056, Interest 7,59619: Principal 6,462, Interest 7,19120: Principal 6,895, Interest 6,7582021: Principal 7,356, Interest 6,29622: Principal 7,849, Interest 5,80423: Principal 8,375, Interest 5,27824: Principal 8,936, Interest 4,7172425: Principal 9,534, Interest 4,11926: Principal 10,172, Interest 3,48027: Principal 10,854, Interest 2,79928: Principal 11,581, Interest 2,0722829: Principal 12,356, Interest 1,29630: Principal 13,186, Interest 46930
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$2,012$11,641$177,988
2$2,147$11,506$175,842
3$2,290$11,362$173,551
4$2,444$11,209$171,107
5$2,607$11,045$168,500
Monthly payment$1,420.84

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Kentucky at a glance

Effective property tax
0.71%
Rank (1 = highest)
30th of 51
Median home value
$226,000
Median tax bill
$1,611/yr

On the same $400,000 home, property tax in Kentucky adds about $236.67/month, versus $296.67/month at the national rate.

Kentucky mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$125,000$632.07$73.96$856.03
$175,000$884.90$103.54$1,138.44
$225,000(median)$1,137.72$133.12$1,420.84
$350,000$1,769.79$207.08$2,126.87
$450,000$2,275.44$266.25$2,691.69

20% down, 6.5% 30-year fixed (example rate), 0.71% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in Kentucky.

Mortgage calculators for other states

Assumptions

  • Fixed interest rate for the full term.
  • Property tax, insurance and HOA stay constant (in reality they usually rise over time).
  • PMI applies only when the loan is over 80% of the home price, and stops once the balance reaches 78% of the original price.
  • Extra payments go entirely to principal.
  • Kentucky figures: Effective rate = ACS median real estate taxes paid ÷ ACS median value, owner-occupied housing units, by state. Source: US Census Bureau ACS 2024.

Frequently asked questions

What is the property tax rate in Kentucky?+

The effective property tax rate in Kentucky is about 0.71% of home value a year (median taxes paid $1,611 on a median home worth $226,000). That's the 30th highest of 50 states and DC, and lower than the national 0.89%. Your actual bill depends on your county, city and exemptions.

What's the mortgage payment on a median-priced home in Kentucky?+

For a $225,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $1,420.84 a month, including $133.12 of property tax and $150.00 of insurance.

How much income do I need to buy a home in Kentucky?+

To afford the median Kentucky home ($225,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $71,000 a year in gross income at a 6.5% rate.

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Last reviewed October 14, 2026. Calculator version 1.0.0. Sources: US Census Bureau, ACS 2024 1-year, Table B25103 (Median Real Estate Taxes Paid) · US Census Bureau, ACS 2024 1-year, Table B25077 (Median Value, Owner-Occupied). Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.