Mortgage on a $600K house in Kentucky
$3,887 a month with 20% down — $3,229 principal and interest plus $358 property tax and $300 insurance.
Kentucky's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $358 a month on a $600K home. The typical home in Kentucky is worth $230,909, so $600K is 160% above the typical price.
$600K home in Kentucky: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $120,000 | $480,000 | $3,229 | $0 | $658 | $3,887 | $166,600 |
| 10% down | $60,000 | $540,000 | $3,633 | $225 | $658 | $4,516 | $193,500 |
| 5% down | $30,000 | $570,000 | $3,834 | $238 | $658 | $4,730 | $202,700 |
| 3.5% down (FHA) | $21,000 | $589,133 | $3,963 | $265 | $658 | $4,887 | $209,400 |
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 $600K buy a typical home?
No Kentucky county has a typical home value within 15% of $600K.
120 of 120 Kentucky counties tracked by Zillow have a typical home value at or below $600K. See all Kentucky home prices.
Other prices in Kentucky
Frequently asked questions
What is the mortgage on a $600K house in Kentucky?
About $3,887 a month with 20% down at 7.11%: $3,229 principal and interest, $358 property tax and $300 insurance.
How much do I need to make to buy a $600K house in Kentucky?
About $166,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $600K house in Kentucky?
At Kentucky's typical effective rate of 0.72%, about $4,299 a year. Rates vary by county and city — see the county pages.