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Madison County FHA Loan Calculator

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

Loan Details

Madison County, OH Benchmarks

FHA averages
Typical Property Value$356,654
Average Down Payment9.9%
Average Interest Rate5.861%
Effective Tax Rate0.98%
Median Tax Paid$2,541/yr
Tax Growth (Historical)+1.1%
Based on 272 regional loans totaling $86,540,000 (HMDA database).
$
%

$35,309 down · $321,345 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$291 / month

$

Annual premium

$

Per month

%

$136 / month

Estimated Monthly Payment

$2,509/mo

  • Principal & Interest$1,931
  • Property Tax$291
  • Home Insurance$150
  • FHA MIP$136
Amortization · Remaining Balance

Financed Loan Amount

$326,969

Total Interest

$368,195

Total of Payments

$695,164

*Includes financed FHA Upfront MIP of $5,624

Local Market Insights

Madison County FHA Mortgage Overview

Madison County’s FHA market shows a 9.91% down payment and 90.09% LTV, offering accessible entry for buyers, but mandatory MIP is required for the loan’s life—ideal even with sub-620 credit. The 0.98% property tax rate, with a 1.1% inflation-adjusted shift, adds modest monthly cost. For those exploring an FHA loan with PMI and taxes in Madison County, OH, or using an FHA down payment tool in Madison County, Ohio, this data supports stable affordability. The 100% primary occupancy rate confirms these are standard homebuyers, not investors.

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.