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Medina County FHA Loan Calculator

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

Loan Details

Medina County, OH Benchmarks

FHA averages
Typical Property Value$319,660
Average Down Payment14.1%
Average Interest Rate6.333%
Effective Tax Rate1.18%
Median Tax Paid$3,560/yr
Tax Growth (Historical)+0.2%
Based on 573 regional loans totaling $152,495,000 (HMDA database).
$
%

$45,072 down · $274,588 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$314 / month

$

Annual premium

$

Per month

%

$116 / month

Estimated Monthly Payment

$2,316/mo

  • Principal & Interest$1,735
  • Property Tax$314
  • Home Insurance$150
  • FHA MIP$116
Amortization · Remaining Balance

Financed Loan Amount

$279,393

Total Interest

$345,148

Total of Payments

$624,541

*Includes financed FHA Upfront MIP of $4,805

Local Market Insights

Medina County FHA Mortgage Overview

For Medina County homebuyers using an FHA loan, the 14.13% average down payment and 85.87% loan-to-value ratio provide accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life—ideal for those with sub-620 credit scores. The 1.18% effective property tax rate, with a 0.2% inflation-adjusted increase, adds $3,772 annually to a $319,660 property. When analyzing FHA loan down payment options with PMI and taxes in Medina County, OH, note that 100% of buyers are owner-occupants, not investors, ensuring stable local demand. This FHA loan limits and tax data confirms true monthly affordability hinges on factoring in permanent MIP alongside the modest tax shift.

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.