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Huron County FHA Loan Calculator

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

Loan Details

Huron County, OH Benchmarks

FHA averages
Typical Property Value$212,066
Average Down Payment11.9%
Average Interest Rate6.469%
Effective Tax Rate0.92%
Median Tax Paid$1,751/yr
Tax Growth (Historical)+2.1%
Based on 242 regional loans totaling $43,980,000 (HMDA database).
$
%

$25,236 down · $186,830 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$163 / month

$

Annual premium

$

Per month

%

$79 / month

Estimated Monthly Payment

$1,590/mo

  • Principal & Interest$1,198
  • Property Tax$163
  • Home Insurance$150
  • FHA MIP$79
Amortization · Remaining Balance

Financed Loan Amount

$190,100

Total Interest

$241,112

Total of Payments

$431,212

*Includes financed FHA Upfront MIP of $3,270

Local Market Insights

Huron County FHA Mortgage Overview

For Huron County homebuyers using an FHA loan, the 11.93% down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of equity, making this ideal for those with sub-620 credit. With an 88.07% loan-to-value ratio and 100% primary occupancy, this market favors stability over investment. The 0.92% effective property tax rate, adjusted upward by 2.1% for inflation, directly impacts monthly affordability when evaluating an FHA loan with PMI and taxes in Huron County, OH. Understanding Huron County FHA loan limits and tax implications is critical for accurate budgeting.

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.