Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Ohio>Cuyahoga County (FHA)

Cuyahoga County FHA Loan Calculator

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

Loan Details

Cuyahoga County, OH Benchmarks

FHA averages
Typical Property Value$225,555
Average Down Payment11.5%
Average Interest Rate6.435%
Effective Tax Rate1.89%
Median Tax Paid$3,910/yr
Tax Growth (Historical)-0.7%
Based on 3,894 regional loans totaling $755,950,000 (HMDA database).
$
%

$25,939 down · $199,616 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$355 / month

$

Annual premium

$

Per month

%

$85 / month

Estimated Monthly Payment

$1,864/mo

  • Principal & Interest$1,274
  • Property Tax$355
  • Home Insurance$150
  • FHA MIP$85
Amortization · Remaining Balance

Financed Loan Amount

$203,109

Total Interest

$255,694

Total of Payments

$458,803

*Includes financed FHA Upfront MIP of $3,493

Local Market Insights

Cuyahoga County FHA Mortgage Overview

For Cuyahoga County homebuyers leveraging an FHA loan, the 11.54% down payment on an average $225,555 property provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life—even with this equity. The 88.46% loan-to-value ratio confirms most buyers are using FHA’s low-down-payment advantage. The effective 1.89% property tax rate, recently adjusted -0.7% for inflation, slightly improves monthly affordability. This data reflects 100% owner-occupied purchases, not investments. When evaluating an FHA loan with PMI and taxes in Cuyahoga County, OH, remember MIP is permanent, making this ideal for those with credit scores below 620.

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.