Typical Kentucky mortgage payment
The median home price in Kentucky is roughly $215,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $1,700 | $1,154 |
| 5.50% | $1,757 | $1,221 |
| 6.00% | $1,814 | $1,289 |
| 6.50% | $1,873 | $1,359 |
| 7.00% | $1,932 | $1,430 |
| 7.50% | $1,993 | $1,503 |
| 8.00% | $2,055 | $1,578 |
At 6.50% over 30 years, a $215,000 home in Kentucky costs about $1,359/month in principal & interest.
What affects your Kentucky payment?
- Property taxes & insurance vary by county and aren't included above.
- Down payment: 20% down avoids private mortgage insurance (PMI).
- Loan term: a 15-year loan saves enormous interest vs. 30 years.
Median price is an approximate estimate. Figures are principal & interest only and exclude taxes, insurance and fees. Not financial advice.