Perry County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Perry County, OH Benchmarks

FHA averages

Typical Property Value$238,296

Average Down Payment10.3%

Average Interest Rate6.649%

Effective Tax Rate0.87%

Median Tax Paid$1,813/yr

Tax Growth (Historical)+6.2%

Based on 179 regional loans totaling $37,305,000 (HMDA database).

Home Price

Down Payment

$24,544 down · $213,752 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$173 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$91 / month

Estimated Monthly Payment

$1,810/mo

Principal & Interest$1,396
Property Tax$173
Home Insurance$150
FHA MIP$91

Amortization · Remaining Balance

Financed Loan Amount

$217,492

Total Interest

$285,148

Total of Payments

$502,640

*Includes financed FHA Upfront MIP of $3,741

Local Market Insights

Perry County FHA Mortgage Overview

Perry County homebuyers using an FHA loan benefit from the accessible 10.25% down payment, which is ideal for those with sub-620 credit scores. However, with an 89.75% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan. The effective property tax rate of 0.87% is manageable, but the recent 6.2% inflation-adjusted tax increase will raise true monthly costs. For accurate budgeting, consider an FHA loan calculator with PMI and taxes in Perry County, OH, or a Perry County FHA mortgage calculator with property taxes to assess limits and the down payment's impact.

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.