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Putnam County FHA Loan Calculator

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

Loan Details

Putnam County, OH Benchmarks

FHA averages
Typical Property Value$244,683
Average Down Payment15.2%
Average Interest Rate6.382%
Effective Tax Rate0.92%
Median Tax Paid$1,943/yr
Tax Growth (Historical)+0.8%
Based on 63 regional loans totaling $12,715,000 (HMDA database).
$
%

$37,192 down · $207,491 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$188 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,743/mo

  • Principal & Interest$1,318
  • Property Tax$188
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$211,122

Total Interest

$263,293

Total of Payments

$474,415

*Includes financed FHA Upfront MIP of $3,631

Local Market Insights

Putnam County FHA Mortgage Overview

For Putnam County homebuyers, the 15.23% average down payment on an FHA loan provides accessible entry, but the 84.77% loan-to-value ratio means Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity built. This FHA loan with PMI and taxes structure is ideal for owner-occupants with sub-620 credit seeking stability. The effective property tax rate of 0.92%, with a 0.8% inflation-adjusted increase, directly impacts monthly affordability. When evaluating Putnam County FHA mortgage options, note that property taxes add approximately $188 per month on a $244,683 home, making a comprehensive view of total housing costs essential.

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.