CALCMONEY // MORTGAGE // KY // LOUISVILLE
Calculate your monthly mortgage payment using Louisville-specific property tax rates and local market data.
$245,000
6.95%
0.9%
88
| Principal & Interest | $1,297 |
| Property Tax | $184 |
| Homeowners Insurance (est.) | $82 |
| Total Monthly Payment (PITI) | $1,563 |
$49,000
$271,070
$66,979/yr
$245,000 buys the median home in Louisville right now. With 20% down, that's a $49,000 down payment and a $196,000 loan, set against a $58,000 median household income.
Louisville's 0.9% property tax rate runs below the 1.1% national average. That's $184/month on the median home here, not a rounding error against the mortgage payment.
Between the $1,563/month mortgage payment and Kentucky's state income tax, your real housing cost calculation needs your after-tax number, not your gross salary.
Beyond housing, Louisville's cost of living index sits at 88 (national average = 100), running below the national baseline for groceries, transportation, and everyday services.
Louisville's median home price runs 14% lower than nearby Lexington: $285,000 there versus $245,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $196,000 loan saves $8,820 in interest over 30 years.
Compare Top Louisville Mortgage LendersLexington
$285,000 median
KYBowling Green
$178,000 median
KYCovington
$188,000 median
KYOwensboro
$178,000 median
Neighborhood-level data for 4 ZIP codes in Louisville. Rates, home prices, and estimated payments vary by area.