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Pike County FHA Loan Calculator

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

Loan Details

Pike County, OH Benchmarks

FHA averages
Typical Property Value$221,260
Average Down Payment11.3%
Average Interest Rate6.750%
Effective Tax Rate0.79%
Median Tax Paid$1,355/yr
Tax Growth (Historical)+3.6%
Based on 123 regional loans totaling $23,115,000 (HMDA database).
$
%

$25,002 down · $196,258 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$146 / month

$

Annual premium

$

Per month

%

$83 / month

Estimated Monthly Payment

$1,674/mo

  • Principal & Interest$1,295
  • Property Tax$146
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$199,692

Total Interest

$266,580

Total of Payments

$466,272

*Includes financed FHA Upfront MIP of $3,435

Local Market Insights

Pike County FHA Mortgage Overview

For Pike County homebuyers, the 11.25% weighted average down payment on an FHA loan provides accessible entry, but triggers mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. The 88.75% loan-to-value (LTV) ratio confirms this is a standard primary residence market, not for investors. With a 0.79% effective property tax rate and a recent 3.6% inflation-adjusted increase, monthly affordability is impacted. When evaluating an FHA loan with PMI and taxes in Pike County, OH, or considering FHA loan limits and tax implications, note that this structure is ideal for buyers with sub-620 credit scores seeking a fixed monthly payment.

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.