Kentucky mortgage calculator

Use our free mortgage calculator to estimate your monthly mortgage payment, your principal and interest, taxes, insurance, and PMI in Kentucky. See how your monthly payment changes by making updates to your home price, down payment, interest rate, and loan term.

Kentucky housing market

Kentucky, the Bluegrass State, is the 8th most affordable housing market in the US,... with the median homeowner spending less than 18% of their income on their homes. Like many states Kentucky has experienced historically high home price growth in recent years. However, with a median home value of $133k, Kentucky will likely remain an affordable state for homebuyers for the foreseeable future.

Your monthly payment
30 year fixed loan term
Monthly payment
Principal & interest


Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Compare common loan types
Total principal: $240,000
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,012$1,458
Mortgage Rate4.125%2.289%*3.082%*
Total interest paid
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,012$1,458
Mortgage Rate4.125%2.289%*3.082%*
Total interest paid

See how your payments change over time for your 30 year fixed loan term

At year 0

30 year fixed loan term

Principal Paid
Interest Paid
Year 0
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We’ll share an interesting insight here for key milestones in your payoff schedule.

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Kentucky mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate3.008%3.070%
20-year fixed-rate2.739%2.820%
15-year fixed-rate2.176%2.284%
10-year fixed-rate2.196%2.352%
7/1 ARM2.580%3.150%
5/1 ARM2.475%3.210%
30-year fixed-rate FHA2.750%3.496%
30-year fixed-rate VA2.567%2.868%

Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

Today's rate

30-year fixed

Today’s mortgage rates in Kentucky are 3.070% for a 30-year fixed, 2.284% for a 15-year fixed, and 3.210% for a 5/1 adjustable-rate mortgage (ARM).

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First-time home buyer programs in Kentucky

There are several national first-time home buyer programs that may be able to help you get into a home in Kentucky.

Conventional mortgage

National program

What you need to know

Best for home buyers with good credit looking for low down payments or limited mortgage insurance premiums. A conventional mortgage is a home loan that isn’t guaranteed or insured by the federal government. Conventional mortgages that conform to the requirements set forth by Fannie Mae and Freddie...

See full article

Average property tax in Kentucky counties

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Kentucky. Because assessed values aren’t frequently updated, you may pay a higher rate at first but eventually you’ll pay a similar rate.

Avg. property tax rate
Avg. home value
Adair County0.63%$85,900
Allen County0.71%$102,500
Anderson County0.86%$138,600
Ballard County0.89%$102,600
Barren County0.73%$110,400
Bath County0.67%$77,900
Bell County0.59%$59,400
Boone County0.95%$191,500
Bourbon County0.61%$144,900
Boyd County0.75%$103,900
Boyle County0.84%$141,100
Bracken County0.64%$102,300
Breathitt County0.73%$50,000
Breckinridge County0.62%$95,200
Bullitt County0.93%$164,600
Butler County0.59%$90,400
Caldwell County0.49%$95,300
Calloway County0.71%$130,100
Campbell County1.13%$180,500
Carlisle County0.62%$89,200
Carroll County0.71%$103,800
Carter County0.5%$83,300
Casey County0.61%$77,600
Christian County0.71%$122,800
Clark County0.8%$139,200
Clay County0.67%$55,600
Clinton County0.57%$66,100
Crittenden County0.59%$84,600
Cumberland County0.54%$90,300
Daviess County0.85%$136,200
Edmonson County0.44%$87,100
Elliott County0.29%$72,700
Estill County0.67%$71,000
Fayette County0.91%$193,100
Fleming County0.64%$89,900
Floyd County0.57%$72,900
Franklin County0.88%$139,300
Fulton County0.57%$63,600
Gallatin County0.76%$109,900
Garrard County0.78%$131,000
Grant County0.76%$119,700
Graves County0.6%$95,600
Grayson County0.53%$102,200
Green County0.67%$75,800
Greenup County0.96%$103,300
Hancock County0.61%$109,100
Hardin County0.74%$151,200
Harlan County0.62%$53,500
Harrison County0.59%$132,900
Hart County0.59%$90,200
Henderson County0.82%$118,000
Henry County0.85%$126,100
Hickman County0.66%$70,200
Hopkins County0.79%$96,600
Jackson County0.45%$69,900
Jefferson County0.91%$174,400
Jessamine County0.85%$164,300
Johnson County0.58%$90,300
Kenton County1.13%$159,200
Knott County0.56%$52,000
Knox County0.68%$76,900
Larue County0.61%$107,300
Laurel County0.58%$102,000
Lawrence County0.66%$80,400
Lee County0.64%$64,200
Leslie County0.59%$48,900
Letcher County0.63%$58,500
Lewis County0.58%$68,300
Lincoln County0.6%$96,100
Livingston County0.63%$90,800
Logan County0.65%$105,400
Lyon County0.62%$122,900
Madison County0.82%$159,700
Magoffin County0.49%$63,300
Marion County0.69%$100,400
Marshall County0.75%$118,100
Martin County0.56%$65,500
Mason County0.66%$111,200
McCracken County0.65%$148,400
McCreary County0.64%$61,300
McLean County0.56%$96,800
Meade County0.82%$140,800
Menifee County0.46%$77,800
Mercer County0.78%$139,900
Metcalfe County0.61%$75,200
Monroe County0.64%$74,500
Montgomery County0.76%$118,200
Morgan County0.66%$77,500
Muhlenberg County0.58%$82,000
Nelson County0.81%$144,800
Nicholas County0.6%$82,100
Ohio County0.6%$88,300
Oldham County0.96%$287,800
Owen County0.6%$99,100
Owsley County0.77%$70,000
Pendleton County0.99%$106,400
Perry County0.67%$73,300
Pike County0.61%$75,400
Powell County0.47%$79,800
Pulaski County0.57%$109,100
Robertson County0.6%$94,500
Rockcastle County0.56%$80,800
Rowan County0.67%$121,100
Russell County0.66%$87,300
Scott County0.65%$170,800
Shelby County0.85%$184,900
Simpson County0.68%$130,500
Spencer County0.74%$190,900
Taylor County0.71%$106,700
Todd County0.49%$94,800
Trigg County0.55%$119,500
Trimble County0.79%$110,500
Union County0.74%$83,100
Warren County0.68%$166,600
Washington County0.68%$105,600
Wayne County0.58%$81,400
Webster County0.73%$80,800
Whitley County0.59%$83,800
Wolfe County0.44%$65,700
Woodford County0.74%$188,200

Source: American Communities Survey 2016, U.S. Census

Under "Home price," enter the price (if you're buying) or the current value (if you're refinancing). NerdWallet also has a .

Under "Down payment," enter the amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing). A  is the cash you pay upfront for a home, and  is the value of the home, minus what you owe.

On desktop, under "Interest rate" (to the right), enter the rate. Under "Loan term," click the plus and minus signs to adjust the length of the mortgage in years.

On mobile devices, tap "Refine Results" to find the field to enter the rate and use the plus and minus signs to select the "Loan term."

You may enter your own figures for  and , if you don’t wish to use NerdWallet’s estimates. Edit these figures by clicking on the amount currently displayed.

The mortgage calculator lets you click "Compare common loan types" to view a comparison of different loan terms. Click "Amortization" to see how the principal balance, principal paid (equity) and total interest paid change year by year. On mobile devices, scroll down to see "Amortization."

» MORE: 

The mortgage payment calculation looks like this: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

The variables are as follows:

Determining what your monthly house payment will be is an important part of figuring out how much house you can afford. That monthly payment is likely to be the biggest part of your cost of living.

Using NerdWallet’s mortgage calculator lets you estimate your mortgage payment when you buy a home or refinance. You can change loan details in the calculator to run scenarios. The calculator can help you decide:

Mortgage lenders are required to assess your ability to repay the amount you want to borrow. A lot of factors go into that assessment, and the main one is debt-to-income ratio.

Your  is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. Lenders look most favorably on debt-to-income ratios of 36% or less — or a maximum of $1,800 a month on an income of $5,000 a month before taxes.

» MORE: 

If your mortgage payment included just principal and interest, you could use a bare-bones mortgage calculator. But most mortgage payments include other charges as well. Here are the key components of the monthly mortgage payment:

Typically, when you belong to a homeowners association, the dues are billed directly, and it's not added to the monthly mortgage payment. Because HOA dues can be easy to forget, they're included in NerdWallet's mortgage calculator.

The mortgage calculator lets you test scenarios to see how you can reduce the monthly payments:

Your monthly payment can go up over time if: