Montgomery County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Montgomery County, OH Benchmarks

FHA averages

Typical Property Value$230,386

Average Down Payment9.7%

Average Interest Rate6.442%

Effective Tax Rate1.73%

Median Tax Paid$3,127/yr

Tax Growth (Historical)+2.0%

Based on 2,242 regional loans totaling $457,720,000 (HMDA database).

Home Price

Down Payment

$22,347 down · $208,039 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$332 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$88 / month

Estimated Monthly Payment

$1,900/mo

Principal & Interest$1,330
Property Tax$332
Home Insurance$150
FHA MIP$88

Amortization · Remaining Balance

Financed Loan Amount

$211,679

Total Interest

$266,982

Total of Payments

$478,661

*Includes financed FHA Upfront MIP of $3,641

Local Market Insights

Montgomery County FHA Mortgage Overview

For Montgomery County homebuyers, the 9.72% weighted average down payment on FHA loans provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of equity. The 90.28% median loan-to-value (LTV) ratio reinforces this, ideal for buyers with sub-620 credit scores seeking an FHA loan with PMI and taxes. The 1.73% effective property tax rate, with a recent 2.0% inflation-adjusted increase, directly impacts monthly affordability when using an FHA mortgage calculator with property taxes. All data reflects primary residences, not investment properties.

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.