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Meigs County FHA Loan Calculator

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

Loan Details

Meigs County, OH Benchmarks

FHA averages
Typical Property Value$195,000
Average Down Payment10.8%
Average Interest Rate6.596%
Effective Tax Rate0.86%
Median Tax Paid$1,238/yr
Tax Growth (Historical)+7.5%
Based on 54 regional loans totaling $9,180,000 (HMDA database).
$
%

$21,060 down · $173,940 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$140 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,494/mo

  • Principal & Interest$1,130
  • Property Tax$140
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$176,984

Total Interest

$229,933

Total of Payments

$406,916

*Includes financed FHA Upfront MIP of $3,044

Local Market Insights

Meigs County FHA Mortgage Overview

In Meigs County, the 10.80% down payment on FHA loans provides accessible entry, but mandatory MIP applies for the loan’s life, regardless of equity. With a 89.20% LTV ratio, this structure suits buyers with sub-620 credit. The 0.86% property tax rate, adjusted upward by 7.5% due to inflation, directly impacts monthly affordability for owner-occupied homes valued at $195,000. When evaluating an FHA loan with PMI and taxes in Meigs County, OH, or assessing Meigs County FHA loan limits, factor in this permanent MIP cost and rising tax burden for accurate budgeting.

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.