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Ohio County FHA Loan Calculator

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

Loan Details

Ohio County, IN Benchmarks

FHA averages
Typical Property Value$263,261
Average Down Payment20.4%
Average Interest Rate6.303%
Effective Tax Rate0.68%
Median Tax Paid$1,305/yr
Tax Growth (Historical)+7.4%
Based on 23 regional loans totaling $4,605,000 (HMDA database).
$
%

$53,705 down · $209,556 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$149 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,708/mo

  • Principal & Interest$1,320
  • Property Tax$149
  • Home Insurance$150
  • FHA MIP$89
Amortization · Remaining Balance

Financed Loan Amount

$213,223

Total Interest

$261,902

Total of Payments

$475,125

*Includes financed FHA Upfront MIP of $3,667

Local Market Insights

Ohio County FHA Mortgage Overview

For Ohio County, Indiana, FHA buyers benefit from the 20.35% down payment, providing accessible entry. However, despite this equity, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—a key factor when using an FHA loan calculator with PMI and taxes in Ohio County, IN. The 79.65% loan-to-value ratio confirms strong equity, yet MIP persists, making this ideal for buyers with sub-620 credit scores. The 0.68% property tax rate is modest, but the recent 7.4% inflation-adjusted tax increase will raise true monthly affordability. All purchases here are for primary residences, not investments.

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.