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Champaign County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Champaign County, Ohio based on real HMDA transaction records.

Loan Details

Champaign County, OH Benchmarks

FHA averages
Typical Property Value$261,645
Average Down Payment14.2%
Average Interest Rate6.498%
Effective Tax Rate1.07%
Median Tax Paid$2,084/yr
Tax Growth (Historical)+4.3%
Based on 155 regional loans totaling $33,975,000 (HMDA database).
$
%

$37,154 down · $224,491 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$233 / month

$

Annual premium

$

Per month

%

$95 / month

Estimated Monthly Payment

$1,922/mo

  • Principal & Interest$1,444
  • Property Tax$233
  • Home Insurance$150
  • FHA MIP$95
Amortization · Remaining Balance

Financed Loan Amount

$228,420

Total Interest

$291,337

Total of Payments

$519,757

*Includes financed FHA Upfront MIP of $3,929

Local Market Insights

Champaign County FHA Mortgage Overview

In Champaign County, an FHA loan with a 14.16% down payment on a $261,645 home provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 85.84% loan-to-value ratio. This structure benefits buyers with sub-620 credit scores seeking owner-occupied homes. The effective 1.07% property tax rate, adjusted upward by 4.3% for inflation, adds roughly $280 monthly to true affordability. When evaluating an FHA loan with PMI and taxes in Champaign County, OH, or FHA loan limits and tax impacts, this market requires factoring permanent MIP into long-term costs.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.