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Portage County FHA Loan Calculator

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

Loan Details

Portage County, OH Benchmarks

FHA averages
Typical Property Value$267,531
Average Down Payment14.3%
Average Interest Rate6.448%
Effective Tax Rate1.22%
Median Tax Paid$2,877/yr
Tax Growth (Historical)+2.3%
Based on 482 regional loans totaling $107,170,000 (HMDA database).
$
%

$38,257 down · $229,274 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$272 / month

$

Annual premium

$

Per month

%

$97 / month

Estimated Monthly Payment

$1,986/mo

  • Principal & Interest$1,467
  • Property Tax$272
  • Home Insurance$150
  • FHA MIP$97
Amortization · Remaining Balance

Financed Loan Amount

$233,286

Total Interest

$294,785

Total of Payments

$528,072

*Includes financed FHA Upfront MIP of $4,012

Local Market Insights

Portage County FHA Mortgage Overview

In Portage County, the typical FHA buyer secures a home valued at $267,531 with a 14.27% down payment. This lower entry point is accessible, but the resulting 85.73% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for buyers with sub-620 credit. The effective 1.22% property tax rate, adjusted upward by 2.3% for inflation, adds roughly $272 monthly to true affordability. For those using a Portage County FHA loan analysis with PMI and taxes, this tax shift directly impacts long-term cost projections.

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.