Van Wert County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Van Wert County, OH Benchmarks

FHA averages

Typical Property Value$187,844

Average Down Payment12.9%

Average Interest Rate6.571%

Effective Tax Rate0.92%

Median Tax Paid$1,387/yr

Tax Growth (Historical)+1.4%

Based on 109 regional loans totaling $17,305,000 (HMDA database).

Home Price

Down Payment

$24,232 down · $163,612 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

$144 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$69 / month

Estimated Monthly Payment

$1,423/mo

Principal & Interest$1,060
Property Tax$144
Home Insurance$150
FHA MIP$69

Amortization · Remaining Balance

Financed Loan Amount

$166,475

Total Interest

$215,093

Total of Payments

$381,569

*Includes financed FHA Upfront MIP of $2,863

Local Market Insights

Van Wert County FHA Mortgage Overview

Van Wert County’s FHA market reveals a strategic entry point for owner-occupants. With a 12.92% down payment and 87.08% LTV, buyers secure accessible financing, but must accept mandatory MIP for the loan’s life—ideal for those with sub-620 credit. The 0.92% effective tax rate, adjusted upward by 1.4% for inflation, adds $173 monthly on a $187,844 property, directly impacting affordability calculations. When assessing an FHA loan with PMI and taxes in Van Wert County, OH, or Van Wert County FHA loan limits and tax impacts, this data confirms a stable primary-residence market.

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.