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Clark County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Clark County, OH Benchmarks

FHA averages
Typical Property Value$220,007
Average Down Payment9.9%
Average Interest Rate6.490%
Effective Tax Rate1.15%
$
%

$21,781 down · $198,226 financed

Estimated Monthly Payment

$1,718/mo

  • Principal & Interest$1,274
  • Property Tax$211
  • Home Insurance$150
  • FHA MIP$84
Amortization · Remaining Balance

Financed Loan Amount

$201,695

Total Interest

$256,774

Total of Payments

$458,469

*Includes financed FHA Upfront MIP of $3,469

Local Market Insights

Clark County FHA Mortgage Overview

For Clark County homebuyers, the 9.95% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life, regardless of equity. With a 90.05% loan-to-value ratio and 100% primary occupancy, this data reflects standard owner-occupied purchases. The 1.15% effective property tax rate, adjusted upward by 0.8% for inflation, increases monthly affordability costs. When evaluating an FHA loan down payment in Clark County, Ohio, factor in these permanent MIPs alongside property taxes for a true picture of monthly obligations.

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.