VA Loan Calculator — Ohio
An eligible VA borrower can buy the typical Ohio home ($249,000) with no down payment. The 2.15% first-use funding fee ($5,354) is rolled into a $254,354 loan, and there is no monthly mortgage insurance — saving about $112 a month versus FHA MIP on the same home.
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.
Loan Parameters
Total Monthly Payment
$2,156
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$356,690
Total Cost
$776,176
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $20,368 | $2,569 | $17,799 | — | $251,785 | -$2,785 |
| Year 2 | $20,368 | $2,755 | $17,613 | — | $249,029 | -$29 |
| Year 3 | $20,368 | $2,955 | $17,413 | — | $246,074 | $2,926 |
| Year 4 | $20,368 | $3,170 | $17,198 | — | $242,904 | $6,096 |
| Year 5 | $20,368 | $3,400 | $16,968 | — | $239,503 | $9,497 |
| Year 6 | $20,368 | $3,647 | $16,721 | — | $235,856 | $13,144 |
| Year 7 | $20,368 | $3,912 | $16,456 | — | $231,944 | $17,056 |
| Year 8 | $20,368 | $4,196 | $16,172 | — | $227,748 | $21,252 |
| Year 9 | $20,368 | $4,501 | $15,868 | — | $223,248 | $25,752 |
| Year 10 | $20,368 | $4,827 | $15,541 | — | $218,420 | $30,580 |
| Year 11 | $20,368 | $5,178 | $15,190 | — | $213,242 | $35,758 |
| Year 12 | $20,368 | $5,554 | $14,814 | — | $207,688 | $41,312 |
| Year 13 | $20,368 | $5,957 | $14,411 | — | $201,731 | $47,269 |
| Year 14 | $20,368 | $6,390 | $13,978 | — | $195,341 | $53,659 |
| Year 15 | $20,368 | $6,854 | $13,514 | — | $188,488 | $60,512 |
| Year 16 | $20,368 | $7,351 | $13,017 | — | $181,136 | $67,864 |
| Year 17 | $20,368 | $7,885 | $12,483 | — | $173,251 | $75,749 |
| Year 18 | $20,368 | $8,458 | $11,910 | — | $164,793 | $84,207 |
| Year 19 | $20,368 | $9,072 | $11,296 | — | $155,721 | $93,279 |
| Year 20 | $20,368 | $9,731 | $10,638 | — | $145,991 | $103,009 |
| Year 21 | $20,368 | $10,437 | $9,931 | — | $135,554 | $113,446 |
| Year 22 | $20,368 | $11,195 | $9,173 | — | $124,359 | $124,641 |
| Year 23 | $20,368 | $12,008 | $8,360 | — | $112,351 | $136,649 |
| Year 24 | $20,368 | $12,880 | $7,489 | — | $99,471 | $149,529 |
| Year 25 | $20,368 | $13,815 | $6,553 | — | $85,657 | $163,343 |
| Year 26 | $20,368 | $14,818 | $5,550 | — | $70,839 | $178,161 |
| Year 27 | $20,368 | $15,894 | $4,474 | — | $54,945 | $194,055 |
| Year 28 | $20,368 | $17,048 | $3,320 | — | $37,897 | $211,103 |
| Year 29 | $20,368 | $18,286 | $2,082 | — | $19,611 | $229,389 |
| Year 30 | $20,366 | $19,611 | $755 | — | $0 | $249,000 |
VA Loan numbers for Ohio
- Typical Ohio home value
- $249,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $254,354
- Includes $5,354 financed funding fee
- Estimated monthly payment
- $2,156
- APR 7.242%
- Ohio property tax
- 1.36%
- $282/mo
- Homeowners insurance
- $2,118/yr
- $177/mo
- VA funding fee (first use)
- 2.15% · $5,354
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $112/mo
- Same $249,000 home, FHA at 3.5% down
How much house can you afford in Ohio with a va loan?
Highest price where principal, interest, Ohio property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 | $124,000 | $0 | 50% |
| $75,000 | $1,750 | $197,000 | $0 | 79% |
| $100,000 | $2,333 | $271,000 | $0 | 109% |
| $125,000 | $2,917 | $344,000 | $0 | 138% |
| $150,000 | $3,500 | $418,000 | $0 | 168% |
| $200,000 | $4,667 | $564,000 | $0 | 227% |
| $250,000 | $5,833 | $711,000 | $0 | 286% |
VA vs other loan types 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 payment on a $249,000 home with a va loan in Ohio?
Estimated $2,156 per month ($1,697 principal & interest, $282 property tax, $177 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $249,000 Ohio home?
$5,354 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- 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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.