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Union County FHA Loan Calculator

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

Loan Details

Union County, OH Benchmarks

FHA averages
Typical Property Value$368,485
Average Down Payment9.8%
Average Interest Rate6.043%
Effective Tax Rate1.33%
Median Tax Paid$3,947/yr
Tax Growth (Historical)-0.5%
Based on 241 regional loans totaling $79,325,000 (HMDA database).
$
%

$36,112 down · $332,373 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$408 / month

$

Annual premium

$

Per month

%

$141 / month

Estimated Monthly Payment

$2,736/mo

  • Principal & Interest$2,036
  • Property Tax$408
  • Home Insurance$150
  • FHA MIP$141
Amortization · Remaining Balance

Financed Loan Amount

$338,190

Total Interest

$394,887

Total of Payments

$733,077

*Includes financed FHA Upfront MIP of $5,817

Local Market Insights

Union County FHA Mortgage Overview

For Union County homebuyers, the 9.83% average down payment on FHA loans provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 90.17% loan-to-value ratio. This data reflects 100% owner-occupied purchases, not investments. With an effective property tax rate of 1.33% and a recent -0.5% inflation-adjusted tax decrease, monthly affordability is slightly improved. When evaluating an FHA loan with PMI and taxes in Union County, OH, these factors directly impact your true monthly cost—especially given the 6.043% average interest rate on a $368,485 property.

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.