Ohio Mortgage Calculator
Ohio has the 8th-highest effective property tax rate of the 50 states at 1.36% — $1,121 more a year than the 0.91% state average on a $249,000 home. Homeowners insurance averages $2,118 a year, the 22nd-lowest premium nationally and $602 less than the typical state.
All 88 Ohio counties use the $832,750 baseline conforming limit for 2026, so any one-unit loan above it is a jumbo loan. FHA limits run from $541,287 to $832,750 by county.
On a $249,000 home, property tax and insurance add $459 a month in Ohio, compared with $261 in West Virginia, $389 in Pennsylvania, $398 in Indiana, $490 in Kentucky, $491 in Michigan.
Loan Parameters
Total Monthly Payment
$2,089
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$314,267
Total Cost
$716,945
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $17,946 | $2,263 | $15,682 | $1,614 | $221,837 | $27,163 |
| Year 2 | $17,946 | $2,428 | $15,518 | $1,614 | $219,409 | $29,591 |
| Year 3 | $17,946 | $2,604 | $15,342 | $1,614 | $216,805 | $32,195 |
| Year 4 | $17,946 | $2,793 | $15,153 | $1,614 | $214,012 | $34,988 |
| Year 5 | $17,946 | $2,996 | $14,950 | $1,614 | $211,016 | $37,984 |
| Year 6 | $17,946 | $3,213 | $14,732 | $1,614 | $207,803 | $41,197 |
| Year 7 | $17,946 | $3,447 | $14,499 | $1,614 | $204,357 | $44,643 |
| Year 8 | $17,946 | $3,697 | $14,249 | $1,614 | $200,660 | $48,340 |
| Year 9 | $17,946 | $3,965 | $13,980 | $538 | $196,694 | $52,306 |
| Year 10 | $17,946 | $4,253 | $13,692 | — | $192,441 | $56,559 |
| Year 11 | $17,946 | $4,562 | $13,383 | — | $187,879 | $61,121 |
| Year 12 | $17,946 | $4,893 | $13,052 | — | $182,986 | $66,014 |
| Year 13 | $17,946 | $5,249 | $12,697 | — | $177,737 | $71,263 |
| Year 14 | $17,946 | $5,630 | $12,316 | — | $172,108 | $76,892 |
| Year 15 | $17,946 | $6,038 | $11,907 | — | $166,069 | $82,931 |
| Year 16 | $17,946 | $6,477 | $11,469 | — | $159,592 | $89,408 |
| Year 17 | $17,946 | $6,947 | $10,998 | — | $152,645 | $96,355 |
| Year 18 | $17,946 | $7,452 | $10,494 | — | $145,193 | $103,807 |
| Year 19 | $17,946 | $7,993 | $9,953 | — | $137,201 | $111,799 |
| Year 20 | $17,946 | $8,573 | $9,372 | — | $128,628 | $120,372 |
| Year 21 | $17,946 | $9,196 | $8,750 | — | $119,432 | $129,568 |
| Year 22 | $17,946 | $9,863 | $8,082 | — | $109,569 | $139,431 |
| Year 23 | $17,946 | $10,579 | $7,366 | — | $98,990 | $150,010 |
| Year 24 | $17,946 | $11,348 | $6,598 | — | $87,642 | $161,358 |
| Year 25 | $17,946 | $12,171 | $5,774 | — | $75,470 | $173,530 |
| Year 26 | $17,946 | $13,055 | $4,890 | — | $62,415 | $186,585 |
| Year 27 | $17,946 | $14,003 | $3,942 | — | $48,412 | $200,588 |
| Year 28 | $17,946 | $15,020 | $2,926 | — | $33,392 | $215,608 |
| Year 29 | $17,946 | $16,111 | $1,835 | — | $17,281 | $231,719 |
| Year 30 | $17,947 | $17,281 | $665 | — | $0 | $249,000 |
Ohio mortgage data
- Typical home value
- $248,803
- Zillow ZHVI, August 31, 2026 (U.S. $368,697)
- Effective property tax rate
- 1.36%
- $3,386/yr on a $249,000 home
- Average homeowners insurance
- $2,118/yr
- $177/mo
- 2026 conforming loan limit
- $832,750
- 88 counties
- High-cost counties
- 0
- None — baseline limit statewide
- 2026 FHA loan limit (1-unit)
- $541,287 – $832,750
- Varies by county — confirm on HUD
- Current 30-yr / 15-yr fixed average
- 7.03% / 6.42%
- Freddie Mac PMMS, September 24, 2026
How much house can you afford in Ohio?
Highest price where principal, interest, Ohio property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $128,000 | $12,800 | 51% |
| $75,000 | $1,750 | $204,000 | $20,400 | 82% |
| $100,000 | $2,333 | $280,000 | $28,000 | 113% |
| $125,000 | $2,917 | $356,000 | $35,600 | 143% |
| $150,000 | $3,500 | $432,000 | $43,200 | 174% |
| $200,000 | $4,667 | $584,000 | $58,400 | 235% |
| $250,000 | $5,833 | $736,000 | $73,600 | 296% |
Ohio mortgage payment by loan amount
30-year fixed at 7.03%, 20% down, with Ohio property tax and insurance on the matching home price.
| Loan amount | P&I | Total / month | Income needed | Loan type |
|---|---|---|---|---|
| $150,000 mortgage | $1,001 | $1,390 | $60,000 | Conforming |
| $175,000 mortgage | $1,168 | $1,592 | $69,000 | Conforming |
| $200,000 mortgage | $1,335 | $1,794 | $77,000 | Conforming |
| $225,000 mortgage | $1,501 | $1,997 | $86,000 | Conforming |
| $250,000 mortgage | $1,668 | $2,199 | $95,000 | Conforming |
| $275,000 mortgage | $1,835 | $2,401 | $103,000 | Conforming |
| $300,000 mortgage | $2,002 | $2,603 | $112,000 | Conforming |
| $325,000 mortgage | $2,169 | $2,806 | $121,000 | Conforming |
| $350,000 mortgage | $2,336 | $3,008 | $129,000 | Conforming |
| $375,000 mortgage | $2,502 | $3,210 | $138,000 | Conforming |
| $400,000 mortgage | $2,669 | $3,412 | $147,000 | Conforming |
| $425,000 mortgage | $2,836 | $3,615 | $155,000 | Conforming |
| $450,000 mortgage | $3,003 | $3,817 | $164,000 | Conforming |
| $475,000 mortgage | $3,170 | $4,019 | $173,000 | Conforming |
| $500,000 mortgage | $3,337 | $4,221 | $181,000 | Conforming |
| $525,000 mortgage | $3,503 | $4,424 | $190,000 | Conforming |
| $550,000 mortgage | $3,670 | $4,626 | $199,000 | Conforming |
| $575,000 mortgage | $3,837 | $4,828 | $207,000 | Conforming |
| $600,000 mortgage | $4,004 | $5,030 | $216,000 | Conforming |
| $625,000 mortgage | $4,171 | $5,233 | $225,000 | Conforming |
| $650,000 mortgage | $4,338 | $5,435 | $233,000 | Conforming |
| $675,000 mortgage | $4,504 | $5,637 | $242,000 | Conforming |
| $700,000 mortgage | $4,671 | $5,839 | $251,000 | Conforming |
| $725,000 mortgage | $4,838 | $6,042 | $259,000 | Conforming |
| $750,000 mortgage | $5,005 | $6,244 | $268,000 | Conforming |
| $775,000 mortgage | $5,172 | $6,446 | $277,000 | Conforming |
| $800,000 mortgage | $5,339 | $6,648 | $285,000 | Conforming |
| $825,000 mortgage | $5,505 | $6,851 | $294,000 | Conforming |
| $850,000 mortgage | $5,672 | $7,053 | $303,000 | Jumbo |
| $875,000 mortgage | $5,839 | $7,255 | $311,000 | Jumbo |
| $900,000 mortgage | $6,006 | $7,457 | $320,000 | Jumbo |
| $925,000 mortgage | $6,173 | $7,660 | $329,000 | Jumbo |
| $950,000 mortgage | $6,340 | $7,862 | $337,000 | Jumbo |
| $975,000 mortgage | $6,506 | $8,064 | $346,000 | Jumbo |
| $1,000,000 mortgage | $6,673 | $8,266 | $355,000 | Jumbo |
| $1,100,000 mortgage | $7,341 | $9,075 | $389,000 | Jumbo |
| $1,200,000 mortgage | $8,008 | $9,884 | $424,000 | Jumbo |
| $1,300,000 mortgage | $8,675 | $10,693 | $459,000 | Jumbo |
| $1,400,000 mortgage | $9,342 | $11,502 | $493,000 | Jumbo |
| $1,500,000 mortgage | $10,010 | $12,311 | $528,000 | Jumbo |
Loan programs compared in Ohio
$249,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $24,900 | $224,100 | — | $134 PMI | $2,089 | 7.488% |
| FHA | 3.5% · $8,715 | $244,490 | UFMIP $4,205 | $112 MIP | $2,202 | 7.761% |
| VA | 0% · $0 | $254,354 | Funding fee $5,354 | $0 | $2,156 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $49,800 | $199,200 | — | $0 | $1,788 | 7.030% |
Frequently asked questions
What is the monthly mortgage payment on a $249,000 home in Ohio?
$249,000 is the typical Ohio home value. With 10% down on a conventional loan, the estimated payment is $2,089 per month ($1,495 principal & interest, $282 property tax, $177 insurance, $134 PMI) at 7.03% for 30 years, including Ohio's 1.36% effective property tax rate.
What is the 2026 conforming loan limit in Ohio?
$832,750 for a one-unit home in all 88 counties. Larger loans are jumbo loans.
How much income do I need for a $249,000 home in Ohio?
About $90,000 a year if housing costs stay within 28% of gross income — a common lender guideline. Lenders also look at total debt-to-income, usually capped around 43%–50%.
How much house can I afford in Ohio on a $100,000 salary?
About $280,000 with 10% down, keeping the payment (including Ohio property tax, insurance and PMI) within 28% of gross income at 7.03%. The typical Ohio home ($248,803) needs roughly $90,000 a year.
Explore related calculators
Ohio calculators by loan type
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.