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Scioto County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Scioto County, OH Benchmarks

FHA averages
Typical Property Value$188,333
Average Down Payment10.2%
Average Interest Rate6.548%
Effective Tax Rate1.08%
$
%

$19,210 down · $169,123 financed

Estimated Monthly Payment

$1,485/mo

  • Principal & Interest$1,093
  • Property Tax$169
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$172,083

Total Interest

$221,521

Total of Payments

$393,604

*Includes financed FHA Upfront MIP of $2,960

Local Market Insights

Scioto County FHA Mortgage Overview

For Scioto County homebuyers, the average 10.18% down payment on an FHA loan provides accessible entry, but the 89.82% Loan-to-Value (LTV) ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan. This structure is ideal for owner-occupied buyers, even those with sub-620 credit scores. With a 1.08% effective property tax rate and a -0.1% inflation-adjusted decline, monthly affordability is slightly improved. When evaluating an FHA loan with PMI and taxes in Scioto County, OH, these factors directly impact your true monthly cost. Understanding Scioto County FHA loan limits and tax implications is crucial for accurate budgeting.

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.