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Washington County FHA Loan Calculator

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

Loan Details

Washington County, OH Benchmarks

FHA averages
Typical Property Value$219,463
Average Down Payment12.7%
Average Interest Rate6.356%
Effective Tax Rate0.90%
Median Tax Paid$1,732/yr
Tax Growth (Historical)+0.9%
Based on 177 regional loans totaling $33,085,000 (HMDA database).
$
%

$27,872 down · $191,591 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$165 / month

$

Annual premium

$

Per month

%

$81 / month

Estimated Monthly Payment

$1,610/mo

  • Principal & Interest$1,214
  • Property Tax$165
  • Home Insurance$150
  • FHA MIP$81
Amortization · Remaining Balance

Financed Loan Amount

$194,944

Total Interest

$242,199

Total of Payments

$437,143

*Includes financed FHA Upfront MIP of $3,353

Local Market Insights

Washington County FHA Mortgage Overview

In Washington County, the 12.74% average down payment for FHA loans provides accessible entry for buyers, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 87.26% loan-to-value ratio. This structure, reflecting 100% primary occupancy, is ideal for those with sub-620 credit scores. The 0.90% effective property tax rate, coupled with a 0.9% inflation-adjusted tax shift, directly impacts true monthly affordability. When evaluating an FHA loan with PMI and taxes in Washington County, OH, these costs must be factored into your budget, especially given the average property value of $219,463.28 and a 6.356% interest rate.

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.