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Lucas County FHA Loan Calculator

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

Loan Details

Lucas County, OH Benchmarks

FHA averages
Typical Property Value$201,358
Average Down Payment11.3%
Average Interest Rate6.574%
Effective Tax Rate1.66%
Median Tax Paid$2,773/yr
Tax Growth (Historical)-0.7%
Based on 1,425 regional loans totaling $249,035,000 (HMDA database).
$
%

$22,753 down · $178,605 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$279 / month

$

Annual premium

$

Per month

%

$76 / month

Estimated Monthly Payment

$1,661/mo

  • Principal & Interest$1,157
  • Property Tax$279
  • Home Insurance$150
  • FHA MIP$76
Amortization · Remaining Balance

Financed Loan Amount

$181,730

Total Interest

$234,803

Total of Payments

$416,533

*Includes financed FHA Upfront MIP of $3,126

Local Market Insights

Lucas County FHA Mortgage Overview

For Lucas County homebuyers, the 11.25% down payment on an FHA loan provides accessible entry despite the 6.574% rate. However, with an 88.75% LTV, mandatory MIP applies for the loan's life, making this ideal for those with sub-620 credit. The 1.66% effective tax rate and -0.7% inflation-adjusted decrease slightly improve monthly affordability. With 100% primary occupancy, this data reflects standard homebuyers. When evaluating an FHA loan with PMI and taxes in Lucas County, OH, the low down payment reduces upfront costs, but the long-term MIP and property taxes must be factored into your budget. Understanding Lucas County FHA loan limits and tax impacts is crucial for accurate monthly planning.

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.