Wood County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Wood County, OH Benchmarks

FHA averages

Typical Property Value$252,632

Average Down Payment11.7%

Average Interest Rate6.300%

Effective Tax Rate1.36%

Median Tax Paid$3,059/yr

Tax Growth (Historical)+1.9%

Based on 321 regional loans totaling $70,155,000 (HMDA database).

Home Price

Down Payment

$29,558 down · $223,074 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

$286 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$95 / month

Estimated Monthly Payment

$1,936/mo

Principal & Interest$1,405
Property Tax$286
Home Insurance$150
FHA MIP$95

Amortization · Remaining Balance

Financed Loan Amount

$226,978

Total Interest

$278,797

Total of Payments

$505,775

*Includes financed FHA Upfront MIP of $3,904

Local Market Insights

Wood County FHA Mortgage Overview

In Wood County, the 11.74% 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. With a median loan-to-value ratio of 88.26%, this data reflects 100% owner-occupied purchases. The effective property tax rate of 1.36%, adjusted upward by 1.9% for inflation, significantly impacts true monthly affordability. For homebuyers using a Wood County FHA mortgage with property taxes, the 6.30% interest rate and tax burden must be factored into any analysis of long-term costs.

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.