Ashland County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Ashland County, OH Benchmarks

FHA averages

Typical Property Value$238,763

Average Down Payment15.0%

Average Interest Rate6.475%

Effective Tax Rate0.86%

Median Tax Paid$1,858/yr

Tax Growth (Historical)+0.9%

Based on 194 regional loans totaling $38,130,000 (HMDA database).

Home Price

Down Payment

$35,814 down · $202,949 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

$171 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$86 / month

Estimated Monthly Payment

$1,708/mo

Principal & Interest$1,301
Property Tax$171
Home Insurance$150
FHA MIP$86

Amortization · Remaining Balance

Financed Loan Amount

$206,500

Total Interest

$261,914

Total of Payments

$468,414

*Includes financed FHA Upfront MIP of $3,552

Local Market Insights

Ashland County FHA Mortgage Overview

For Ashland County homebuyers exploring an FHA loan, the 14.99% weighted average down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 85.01% loan-to-value ratio. This makes the FHA route ideal for those with sub-620 credit scores. The effective property tax rate of 0.86%, with a 0.9% inflation-adjusted increase, directly impacts monthly affordability. When analyzing an FHA loan with PMI and taxes in Ashland County, OH, remember that this data reflects 100% owner-occupied purchases, 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.