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Mahoning County FHA Loan Calculator

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

Loan Details

Mahoning County, OH Benchmarks

FHA averages
Typical Property Value$192,320
Average Down Payment12.3%
Average Interest Rate6.553%
Effective Tax Rate1.30%
Median Tax Paid$2,015/yr
Tax Growth (Historical)-1.0%
Based on 929 regional loans totaling $152,415,000 (HMDA database).
$
%

$23,655 down · $168,665 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$208 / month

$

Annual premium

$

Per month

%

$72 / month

Estimated Monthly Payment

$1,520/mo

  • Principal & Interest$1,090
  • Property Tax$208
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$171,616

Total Interest

$220,921

Total of Payments

$392,537

*Includes financed FHA Upfront MIP of $2,952

Local Market Insights

Mahoning County FHA Mortgage Overview

For Mahoning County homebuyers using an FHA loan, the 12.27% weighted average down payment and 87.73% LTV ratio indicate accessible entry, but mandatory Mortgage Insurance Premiums (MIP) remain for the loan’s life, regardless of equity. This suits buyers with sub-620 credit scores seeking owner-occupied homes. The 1.30% effective property tax rate, with a -1.0% inflation-adjusted shift, slightly eases monthly affordability. When evaluating an FHA loan with PMI and taxes in Mahoning County, OH, the true cost hinges on this permanent MIP burden. Local FHA loan limits and tax impacts should be factored into any Mahoning County mortgage assessment.

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.