Calculate your monthly mortgage payment in Ohio. Pre-filled with Ohio's median home price of $225,000 and an average property tax rate of 1.53%.
Est. Monthly Payment
$1,708
Principal & Interest
$1,327
Property Tax / mo
$287
Total Interest Paid
$275,184
| Home Price | $225,000 | Median home price in Ohio (2025) |
| Down Payment | 10% ($22,500) | Typical down payment percentage |
| Loan Amount | $202,500 | Home price minus down payment |
| Interest Rate | 6.85% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 1.53% / year | Ohio average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
Ohio Housing Finance Agency Your Choice!, Grants for Grads
Cost of living: Low · Population: 11,799,448
Ohio has a median home price of approximately $225,000, placing it below the national median. With a 10% down payment of $22,500, a typical buyer would finance $202,500 over 30 years. At a 6.85% fixed rate, the monthly principal and interest payment comes to $1,327.
Property taxes in Ohio average 1.53% of the assessed home value annually — one of the higher rates in the country. Combined with an estimated $94 for homeowners insurance, your all-in monthly housing cost is approximately $1,708.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $73,196 to qualify comfortably. The median household income in Ohio is $58,116.
