Mortgage on a $150K house in Kentucky
$972 a month with 20% down — $807 principal and interest plus $90 property tax and $75 insurance.
Kentucky's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $90 a month on a $150K home. The typical home in Kentucky is worth $230,909, so $150K is 35% below the typical price.
$150K home in Kentucky: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $165 | $972 | $41,600 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $165 | $1,129 | $48,400 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $165 | $1,183 | $50,700 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $165 | $1,222 | $52,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.72% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Kentucky does $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Caldwell County | $149,902 | 0.54% | $950 |
| Elliott County | $148,498 | 0.61% | $959 |
| Monroe County | $147,639 | 0.77% | $978 |
| Cumberland County | $152,713 | 0.54% | $950 |
| Russell County | $152,730 | 0.57% | $953 |
| Clinton County | $146,215 | 0.52% | $947 |
| Powell County | $145,749 | 0.62% | $960 |
| Lawrence County | $145,613 | 0.71% | $971 |
| Carlisle County | $145,507 | 0.78% | $980 |
| Ohio County | $144,841 | 0.62% | $960 |
| Carter County | $155,872 | 0.49% | $943 |
| Livingston County | $156,725 | 0.61% | $959 |
43 of 120 Kentucky counties tracked by Zillow have a typical home value at or below $150K. See all Kentucky home prices.
Other prices in Kentucky
Frequently asked questions
What is the mortgage on a $150K house in Kentucky?
About $972 a month with 20% down at 7.11%: $807 principal and interest, $90 property tax and $75 insurance.
How much do I need to make to buy a $150K house in Kentucky?
About $41,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in Kentucky?
At Kentucky's typical effective rate of 0.72%, about $1,075 a year. Rates vary by county and city — see the county pages.