Mortgage on a $350K house in Kentucky
$2,268 a month with 20% down — $1,884 principal and interest plus $209 property tax and $175 insurance.
Kentucky's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $209 a month on a $350K home. The typical home in Kentucky is worth $230,909, so $350K is 52% above the typical price.
$350K home in Kentucky: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $384 | $2,268 | $97,200 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $384 | $2,634 | $112,900 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $384 | $2,759 | $118,300 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $384 | $2,851 | $122,200 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Boone County | $350,034 | 0.86% | $2,308 |
| Scott County | $342,459 | 0.66% | $2,251 |
| Woodford County | $358,536 | 0.7% | $2,264 |
| Fayette County | $330,784 | 0.87% | $2,311 |
| Shelby County | $328,888 | 0.77% | $2,282 |
| Jessamine County | $328,403 | 0.73% | $2,272 |
| Spencer County | $376,164 | 0.66% | $2,252 |
116 of 120 Kentucky counties tracked by Zillow have a typical home value at or below $350K. See all Kentucky home prices.
Other prices in Kentucky
Frequently asked questions
What is the mortgage on a $350K house in Kentucky?
About $2,268 a month with 20% down at 7.11%: $1,884 principal and interest, $209 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Kentucky?
About $97,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Kentucky?
At Kentucky's typical effective rate of 0.72%, about $2,508 a year. Rates vary by county and city — see the county pages.