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Marion County FHA Loan Calculator

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

Loan Details

Marion County, OH Benchmarks

FHA averages
Typical Property Value$211,358
Average Down Payment10.3%
Average Interest Rate6.522%
Effective Tax Rate0.96%
Median Tax Paid$1,489/yr
Tax Growth (Historical)+0.9%
Based on 324 regional loans totaling $59,730,000 (HMDA database).
$
%

$21,770 down · $189,588 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$169 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,621/mo

  • Principal & Interest$1,222
  • Property Tax$169
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$192,906

Total Interest

$246,955

Total of Payments

$439,861

*Includes financed FHA Upfront MIP of $3,318

Local Market Insights

Marion County FHA Mortgage Overview

For Marion County homebuyers, the 10.26% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) last for the loan’s life due to the 89.74% LTV ratio. This FHA loan with PMI and taxes in Marion County, OH, is ideal for owner-occupants with sub-620 credit. The effective property tax rate of 0.96%, coupled with a 0.9% inflation-adjusted tax increase, adds roughly $190 annually, raising true monthly costs. When exploring Marion County FHA loan limits and tax impacts, understand that MIP is permanent—unlike conventional loans—making this a stable, long-term option for primary residences.

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.