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Mortgage Calculator Kentucky — 2026 Payment Estimates
Pre-filled with Kentucky's estimated median home price of $210,000 and 0.8% effective property tax rate. Adjust any input for your specific situation. All calculations run in your browser.
Reviewed for accuracy June 2026 by Gary Sing
Median home price
$210,000
Monthly P&I (30yr)
$1,061.87
Property tax/month
$140.00
Est. total PITI/month
$1,280.62
Optional — unlocks affordability analysis
Enter gross income to check affordability
At the 28% front-end guideline, this payment requires ~$45,509/year in gross income. The monthly shown is principal and interest only — add ~$16 for taxes, insurance.
- ›A 15-year term saves $118,852 in total interest but raises the payment by $402/month
- ›Total interest ($214,275) exceeds the loan itself ($168,000) — every extra principal payment saves its full remaining interest
⚡ Total interest ($214,275) exceeds the loan principal — consider extra principal payments or a shorter term
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Kentucky mortgage payment scenarios — $210,000 home at 6.5%
Monthly P&I and estimated total PITI (principal, interest, tax, insurance) at three down payment levels. Property tax uses Kentucky's 0.8% effective rate; insurance estimated at 0.45% of home value annually.
| Down payment | Down amount | P&I (30yr) | P&I (15yr) | Total PITI (30yr) |
|---|---|---|---|---|
| 10% down | $21,000 | $1,194.61 | $1,646.39 | $1,413.36 |
| 15% down | $31,500 | $1,128.24 | $1,554.93 | $1,346.99 |
| 20% down | $42,000 | $1,061.87 | $1,463.46 | $1,280.62 |
P&I only (30yr and 15yr). PITI adds property tax (0.8%) and estimated homeowners insurance (0.45% annually). Does not include PMI — required when down payment is below 20%.
Property tax and insurance in Kentucky
Kentucky's 0.80% effective property tax rate is near the national average — moderate relative to comparable Midwest markets, keeping total housing costs reasonable.
Kentucky property tax
Effective rate: 0.8%. On a $210,000 home, annual property taxes are approximately $1,680 — or $140.00/month. Many lenders collect this monthly into an escrow account.
Homeowners insurance
Estimated at 0.45% of home value annually — roughly $78.75/month on a $210,000 home. Rates vary by coverage, age of home, and local risk factors. Get quotes from multiple insurers before closing.
PMI (if under 20% down)
Private Mortgage Insurance is required on conventional loans with less than 20% down, typically costing 0.5–1.5% of the loan amount per year. On a $168,000 loan, PMI adds roughly $126.00–$210.00/month.
Income needed
The 28% front-end DTI guideline requires approximately $54,884/year in gross income to qualify for the median Kentucky home with 20% down. This is principal, interest, tax, and insurance — not counting other debt.
Kentucky housing market 2026
Louisville and Lexington anchor Kentucky's market, with strong in-migration from Ohio. Both metros have seen sustained appreciation driven by healthcare, logistics, and bourbon-industry employment. Suburban and rural Kentucky remains highly affordable.
Key numbers for Kentucky buyers
- Median home price: $210,000 (2026 estimate)
- Down payment (20%): $42,000
- Loan amount (80% LTV): $168,000
- Monthly P&I at 6.5% / 30yr: $1,061.87
- Est. PITI (with tax + insurance): $1,280.62/month
- Income needed (28% DTI): $54,884/year
Compare mortgage payments by state
📍 California
Median $750,000 · ~$3,793/mo P&I · 0.73% tax
📍 Texas
Median $315,000 · ~$1,593/mo P&I · 1.6% tax
📍 Florida
Median $405,000 · ~$2,048/mo P&I · 0.89% tax
📍 New York
Median $415,000 · ~$2,099/mo P&I · 1.4% tax
📍 Georgia
Median $325,000 · ~$1,643/mo P&I · 0.83% tax
📍 Arizona
Median $365,000 · ~$1,846/mo P&I · 0.6% tax
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Mortgage calculator Kentucky — frequently asked questions
What is the average mortgage payment in Kentucky?
Based on Kentucky's median home price of $210,000, a 30-year mortgage at 6.5% with 20% down produces a monthly principal and interest payment of $1,061.87. Adding property tax (~$140.00/month at 0.8%) and homeowners insurance (~$78.75/month) gives an estimated total PITI of approximately $1,280.62/month.
What is the median home price in Kentucky in 2026?
The estimated median home price in Kentucky in 2026 is approximately $210,000. Prices vary significantly by metro area — use this as a benchmark and enter the specific price you are evaluating in the calculator above.
How much income do I need to afford a house in Kentucky?
Using the 28% front-end DTI guideline, an estimated total monthly payment (PITI) of $1,280.62 on the median Kentucky home requires approximately $54,884/year in gross income. This assumes 20% down, 6.5% rate, 30-year term, and 0.8% property tax.
What are property taxes in Kentucky?
Kentucky's effective property tax rate is approximately 0.8%. On a $210,000 home, that is roughly $140.00/month or $1,680/year. Kentucky's 0.80% effective property tax rate is near the national average — moderate relative to comparable Midwest markets, keeping total housing costs reasonable.
Is a 15-year or 30-year mortgage better in Kentucky?
At 6.5% on a $210,000 home with 20% down: the 30-year P&I is $1,061.87/month; the 15-year P&I is $1,463.46/month — $401.59/month more. The 15-year saves $118,852 in total interest. If the higher payment is affordable, the 15-year is almost always the better long-term financial choice.