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Holmes County FHA Loan Calculator

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

Loan Details

Holmes County, OH Benchmarks

FHA averages
Typical Property Value$246,000
Average Down Payment13.5%
Average Interest Rate6.470%
Effective Tax Rate0.89%
Median Tax Paid$2,888/yr
Tax Growth (Historical)0.0%
Based on 40 regional loans totaling $7,980,000 (HMDA database).
$
%

$33,210 down · $212,790 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$182 / month

$

Annual premium

$

Per month

%

$90 / month

Estimated Monthly Payment

$1,787/mo

  • Principal & Interest$1,364
  • Property Tax$182
  • Home Insurance$150
  • FHA MIP$90
Amortization · Remaining Balance

Financed Loan Amount

$216,514

Total Interest

$274,615

Total of Payments

$491,128

*Includes financed FHA Upfront MIP of $3,724

Local Market Insights

Holmes County FHA Mortgage Overview

For Holmes County homebuyers using an FHA loan, the 13.48% average down payment and 86.52% loan-to-value ratio provide accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of equity. The 0.89% effective property tax rate, with no inflation-adjusted change, keeps monthly costs stable. When evaluating an FHA loan with PMI and taxes in Holmes County, OH, note that the $246,000 average property value and 6.47% interest rate mean MIP adds a permanent cost—ideal for those with sub-620 credit scores. 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.