Mortgage on a $900K house in Kentucky
$5,831 a month with 20% down — $4,843 principal and interest plus $537 property tax and $450 insurance.
Kentucky's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $537 a month on a $900K home. The typical home in Kentucky is worth $230,909, so $900K is 290% above the typical price.
$900K home in Kentucky: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $180,000 | $720,000 | $4,843 | $0 | $987 | $5,831 | $249,900 |
| 10% down | $90,000 | $810,000 | $5,449 | $338 | $987 | $6,774 | $290,300 |
| 5% down | $45,000 | $855,000 | $5,752 | $356 | $987 | $7,095 | $304,100 |
| 3.5% down (FHA) | $31,500 | $883,699 | $5,945 | $398 | $987 | $7,330 | $314,100 |
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 $900K buy a typical home?
No Kentucky county has a typical home value within 15% of $900K.
120 of 120 Kentucky counties tracked by Zillow have a typical home value at or below $900K. See all Kentucky home prices.
Other prices in Kentucky
Frequently asked questions
What is the mortgage on a $900K house in Kentucky?
About $5,831 a month with 20% down at 7.11%: $4,843 principal and interest, $537 property tax and $450 insurance.
How much do I need to make to buy a $900K house in Kentucky?
About $249,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $900K house in Kentucky?
At Kentucky's typical effective rate of 0.72%, about $6,449 a year. Rates vary by county and city — see the county pages.