Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Ohio>Logan County (FHA)

Logan County FHA Loan Calculator

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

Loan Details

Logan County, OH Benchmarks

FHA averages
Typical Property Value$262,920
Average Down Payment11.7%
Average Interest Rate6.269%
Effective Tax Rate0.99%
Median Tax Paid$2,042/yr
Tax Growth (Historical)+1.7%
Based on 274 regional loans totaling $62,560,000 (HMDA database).
$
%

$30,762 down · $232,158 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$217 / month

$

Annual premium

$

Per month

%

$98 / month

Estimated Monthly Payment

$1,923/mo

  • Principal & Interest$1,458
  • Property Tax$217
  • Home Insurance$150
  • FHA MIP$98
Amortization · Remaining Balance

Financed Loan Amount

$236,221

Total Interest

$288,489

Total of Payments

$524,710

*Includes financed FHA Upfront MIP of $4,063

Local Market Insights

Logan County FHA Mortgage Overview

For Logan County homebuyers utilizing an FHA loan, the 11.74% average down payment and 88.26% loan-to-value (LTV) ratio provide accessible entry despite a 6.27% interest rate. However, this FHA structure mandates Mortgage Insurance Premiums (MIP) for the loan’s entire term, unlike conventional loans where PMI can be canceled at 20% equity. The 0.99% effective property tax rate, with a 1.7% inflation-adjusted increase, raises true monthly affordability. When evaluating an FHA loan down payment in Logan County, OH, remember that MIP and property taxes are permanent costs, making this ideal for owner-occupants with sub-620 credit scores seeking stable primary residences.

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.