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Delaware County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Delaware 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

Delaware County, OH Benchmarks

FHA averages
Typical Property Value$456,720
Average Down Payment11.1%
Average Interest Rate5.818%
Effective Tax Rate1.60%
$
%

$50,696 down · $406,024 financed

Estimated Monthly Payment

$3,360/mo

  • Principal & Interest$2,429
  • Property Tax$609
  • Home Insurance$150
  • FHA MIP$172
Amortization · Remaining Balance

Financed Loan Amount

$413,130

Total Interest

$461,424

Total of Payments

$874,553

*Includes financed FHA Upfront MIP of $7,105

Local Market Insights

Delaware County FHA Mortgage Overview

Delaware County’s FHA market shows an 11.06% down payment, providing accessible entry but requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, ideal for buyers with sub-620 credit. The 88.94% Loan-to-Value ratio confirms limited equity, so MIP cannot be canceled. At $456,720 average property value and 5.818% interest, the effective 1.60% tax rate adds significant monthly cost, with a 0.3% inflation-adjusted increase tightening affordability. This data reflects 100% primary occupancy, not investment properties, making this FHA loan with PMI and taxes in Delaware County, OH, a stable choice for owner-occupants.

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.