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Richland County FHA Loan Calculator

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

Loan Details

Richland County, OH Benchmarks

FHA averages
Typical Property Value$211,159
Average Down Payment13.0%
Average Interest Rate6.564%
Effective Tax Rate1.19%
Median Tax Paid$2,061/yr
Tax Growth (Historical)+0.8%
Based on 492 regional loans totaling $87,080,000 (HMDA database).
$
%

$27,451 down · $183,708 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$209 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,626/mo

  • Principal & Interest$1,189
  • Property Tax$209
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$186,923

Total Interest

$241,069

Total of Payments

$427,992

*Includes financed FHA Upfront MIP of $3,215

Local Market Insights

Richland County FHA Mortgage Overview

Richland County FHA buyers are leveraging a 13.04% down payment, well above the 3.5% minimum, which lowers their loan-to-value to 86.96%. This still mandates Mortgage Insurance Premiums (MIP) for the loan’s life, making this ideal for those with sub-620 credit seeking predictable monthly costs. With a 1.19% effective property tax rate and a 0.8% inflation-adjusted increase, monthly affordability is directly impacted. For a typical $211,159 home, taxes add roughly $209 per month. This market is exclusively owner-occupied, ensuring standard homebuyer protections.

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.