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Henry County FHA Loan Calculator

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

Loan Details

Henry County, OH Benchmarks

FHA averages
Typical Property Value$191,104
Average Down Payment12.6%
Average Interest Rate6.576%
Effective Tax Rate1.11%
Median Tax Paid$1,970/yr
Tax Growth (Historical)-2.2%
Based on 77 regional loans totaling $12,575,000 (HMDA database).
$
%

$24,079 down · $167,025 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$177 / month

$

Annual premium

$

Per month

%

$71 / month

Estimated Monthly Payment

$1,481/mo

  • Principal & Interest$1,083
  • Property Tax$177
  • Home Insurance$150
  • FHA MIP$71
Amortization · Remaining Balance

Financed Loan Amount

$169,948

Total Interest

$219,984

Total of Payments

$389,931

*Includes financed FHA Upfront MIP of $2,923

Local Market Insights

Henry County FHA Mortgage Overview

For Henry County homebuyers, the 12.56% average down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—even with this equity. The 87.44% loan-to-value ratio confirms most buyers are owner-occupants with sub-620 credit profiles, making FHA ideal. At a 1.11% effective tax rate and a recent inflation-adjusted tax decrease of -2.2%, monthly affordability improves slightly. When evaluating an FHA loan down payment in Henry County, Ohio, or an FHA mortgage with property taxes, the $191,103 average value and 6.576% rate mean the MIP and tax savings offset each other for stable payments.

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.