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Allen County FHA Loan Calculator

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

Loan Details

Allen County, OH Benchmarks

FHA averages
Typical Property Value$213,078
Average Down Payment11.4%
Average Interest Rate6.497%
Effective Tax Rate1.06%
Median Tax Paid$1,847/yr
Tax Growth (Historical)+0.5%
Based on 386 regional loans totaling $71,610,000 (HMDA database).
$
%

$24,291 down · $188,787 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$188 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,632/mo

  • Principal & Interest$1,214
  • Property Tax$188
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$192,091

Total Interest

$245,001

Total of Payments

$437,092

*Includes financed FHA Upfront MIP of $3,304

Local Market Insights

Allen County FHA Mortgage Overview

In Allen County, the average FHA buyer puts 11.45% down on a $213,078 property, providing accessible entry. However, with an 88.55% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, ideal for those with sub-620 credit. The effective 1.06% property tax rate, recently adjusted 0.5% for inflation, adds roughly $188 monthly to the true cost. When evaluating an FHA loan with PMI and taxes in Allen County, OH, remember this MIP permanence. Understanding Allen County FHA loan limits and tax impacts is crucial, as these owner-occupied purchases carry a fixed insurance cost.

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.