Mortgage on a $300K house in Kentucky
$1,944 a month with 20% down — $1,614 principal and interest plus $179 property tax and $150 insurance.
Kentucky's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $179 a month on a $300K home. The typical home in Kentucky is worth $230,909, so $300K is 30% above the typical price.
$300K home in Kentucky: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $329 | $1,944 | $83,300 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $329 | $2,258 | $96,800 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $329 | $2,365 | $101,400 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $329 | $2,443 | $104,700 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Bullitt County | $294,862 | 0.83% | $1,972 |
| Campbell County | $293,229 | 1.01% | $2,018 |
| Kenton County | $286,827 | 0.98% | $2,009 |
| Warren County | $285,184 | 0.65% | $1,926 |
| Madison County | $283,215 | 0.73% | $1,947 |
| Meade County | $278,269 | 0.68% | $1,934 |
| Grant County | $272,511 | 0.68% | $1,935 |
| Jessamine County | $328,403 | 0.73% | $1,947 |
| Shelby County | $328,888 | 0.77% | $1,956 |
| Fayette County | $330,784 | 0.87% | $1,981 |
| Nelson County | $264,631 | 0.79% | $1,963 |
| Jefferson County | $264,274 | 0.86% | $1,979 |
112 of 120 Kentucky counties tracked by Zillow have a typical home value at or below $300K. See all Kentucky home prices.
Other prices in Kentucky
Frequently asked questions
What is the mortgage on a $300K house in Kentucky?
About $1,944 a month with 20% down at 7.11%: $1,614 principal and interest, $179 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Kentucky?
About $83,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Kentucky?
At Kentucky's typical effective rate of 0.72%, about $2,150 a year. Rates vary by county and city — see the county pages.