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Morgan County FHA Loan Calculator

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

Loan Details

Morgan County, OH Benchmarks

FHA averages
Typical Property Value$238,243
Average Down Payment10.5%
Average Interest Rate6.631%
Effective Tax Rate0.81%
Median Tax Paid$1,268/yr
Tax Growth (Historical)+1.2%
Based on 37 regional loans totaling $7,765,000 (HMDA database).
$
%

$25,016 down · $213,227 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$161 / month

$

Annual premium

$

Per month

%

$90 / month

Estimated Monthly Payment

$1,791/mo

  • Principal & Interest$1,390
  • Property Tax$161
  • Home Insurance$150
  • FHA MIP$90
Amortization · Remaining Balance

Financed Loan Amount

$216,959

Total Interest

$283,416

Total of Payments

$500,375

*Includes financed FHA Upfront MIP of $3,731

Local Market Insights

Morgan County FHA Mortgage Overview

For Morgan County homebuyers using an FHA loan, the 10.47% average down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 89.53% loan-to-value ratio—ideal for those with sub-620 credit. With a $238,243 average property value and a 6.631% interest rate, the effective 0.81% property tax rate combined with a 1.2% inflation-adjusted tax shift means true monthly affordability is slightly pressured. This FHA loan scenario with PMI and taxes in Morgan County, OH, highlights that while down payment barriers are low, long-term MIP costs offset the benefit for buyers seeking lower upfront cash.

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.