Louisville, KY Mortgage Calculator
In Louisville, Kentucky, the median home is around $250,000. With 20% down at 6.85% and Kentucky's ~0.86% effective property-tax rate, the all-in monthly payment is roughly $1,562.61 including principal, interest, property tax, and insurance.
Payment breakdown
- Principal & interest$1,310.52
- Property tax$229.17
- Home insurance$72.92
Balance over time
| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $2,091 | $13,635 | $197,909 |
| 2 | $2,239 | $13,487 | $195,670 |
| 3 | $2,397 | $13,329 | $193,273 |
| 4 | $2,567 | $13,160 | $190,706 |
| 5 | $2,748 | $12,978 | $187,958 |
| 6 | $2,942 | $12,784 | $185,016 |
| 7 | $3,150 | $12,576 | $181,865 |
| 8 | $3,373 | $12,353 | $178,492 |
| 9 | $3,612 | $12,115 | $174,881 |
| 10 | $3,867 | $11,859 | $171,014 |
| 11 | $4,140 | $11,586 | $166,874 |
| 12 | $4,433 | $11,293 | $162,441 |
| 13 | $4,746 | $10,980 | $157,695 |
| 14 | $5,082 | $10,645 | $152,613 |
| 15 | $5,441 | $10,285 | $147,172 |
| 16 | $5,826 | $9,901 | $141,347 |
| 17 | $6,237 | $9,489 | $135,109 |
| 18 | $6,678 | $9,048 | $128,431 |
| 19 | $7,150 | $8,576 | $121,280 |
| 20 | $7,656 | $8,070 | $113,625 |
| 21 | $8,197 | $7,529 | $105,427 |
| 22 | $8,777 | $6,950 | $96,651 |
| 23 | $9,397 | $6,329 | $87,254 |
| 24 | $10,061 | $5,665 | $77,192 |
| 25 | $10,773 | $4,954 | $66,420 |
| 26 | $11,534 | $4,192 | $54,886 |
| 27 | $12,350 | $3,377 | $42,536 |
| 28 | $13,223 | $2,504 | $29,314 |
| 29 | $14,157 | $1,569 | $15,156 |
| 30 | $15,156 | $568 | $0 |
Frequently asked questions
What's a typical mortgage payment in Louisville, KY?
On a median Louisville home (about $250,000) with 20% down at 6.85%, the full monthly payment is roughly $1,562.61 — principal, interest, Kentucky property tax, and insurance.
How much do you need to earn to buy a home in Louisville?
Using the 28% housing rule, a $1,562.61 payment fits an income near $66,969 a year, before accounting for your other debts.
What are property taxes like in Louisville?
Kentucky's effective property-tax rate averages about 0.86% of home value — roughly $2,150 a year on a $250,000 home. Local rates vary by county and city assessment.
Sources: Freddie Mac Primary Mortgage Market Survey; Tax Foundation — Property Taxes by State; Consumer Financial Protection Bureau.
Estimates for educational purposes only — not a loan offer, financial advice, or a commitment to lend. Actual rates, payments, and terms vary by lender and creditworthiness.