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Monroe County FHA Loan Calculator

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

Loan Details

Monroe County, OH Benchmarks

FHA averages
Typical Property Value$206,538
Average Down Payment18.0%
Average Interest Rate6.417%
Effective Tax Rate0.80%
Median Tax Paid$1,176/yr
Tax Growth (Historical)-0.6%
Based on 26 regional loans totaling $4,090,000 (HMDA database).
$
%

$37,177 down · $169,361 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$138 / month

$

Annual premium

$

Per month

%

$72 / month

Estimated Monthly Payment

$1,440/mo

  • Principal & Interest$1,080
  • Property Tax$138
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$172,325

Total Interest

$216,533

Total of Payments

$388,858

*Includes financed FHA Upfront MIP of $2,964

Local Market Insights

Monroe County FHA Mortgage Overview

For Monroe County homebuyers, the 17.98% average down payment on an FHA loan provides accessible entry, though it requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of equity. With a median 82.02% loan-to-value (LTV) ratio and 100% primary occupancy, this data reflects standard owner-occupied purchases. The 0.80% effective property tax rate, recently adjusted by -0.6% for inflation, slightly lowers monthly costs. When evaluating an FHA loan down payment in Monroe County, Ohio, remember MIP is permanent, making this option ideal for those with sub-620 credit scores. Use a Monroe County FHA mortgage analysis with property taxes to assess true affordability.

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.