Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Ohio>Hancock County (FHA)

Hancock County FHA Loan Calculator

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

Loan Details

Hancock County, OH Benchmarks

FHA averages
Typical Property Value$236,285
Average Down Payment10.9%
Average Interest Rate6.465%
Effective Tax Rate0.96%
Median Tax Paid$2,046/yr
Tax Growth (Historical)+1.0%
Based on 288 regional loans totaling $59,630,000 (HMDA database).
$
%

$25,755 down · $210,530 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$189 / month

$

Annual premium

$

Per month

%

$89 / month

Estimated Monthly Payment

$1,777/mo

  • Principal & Interest$1,348
  • Property Tax$189
  • Home Insurance$150
  • FHA MIP$89
Amortization · Remaining Balance

Financed Loan Amount

$214,214

Total Interest

$271,192

Total of Payments

$485,406

*Includes financed FHA Upfront MIP of $3,684

Local Market Insights

Hancock County FHA Mortgage Overview

For Hancock County homebuyers, the 10.94% down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan. With a median loan-to-value ratio of 89.06%, this is ideal for buyers with sub-620 credit seeking owner-occupied primary residences. The 0.96% effective property tax rate, adjusted upward by 1.0% for inflation, directly impacts monthly affordability. When evaluating an FHA loan down payment with PMI and taxes in Hancock County, OH, remember that the $236,284 average property value and 6.465% interest rate mean MIP cannot be canceled, unlike conventional loans. Understanding Hancock County FHA loan limits and tax implications helps you budget for the true long-term cost.

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.