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Ohio Mortgage Calculator

Your monthly mortgage payment in Ohio, with Ohio's effective property tax rate (1.31%) built in, at this week's average rate. The calculator starts at the state's median home value, $214,800.

A $215,000 home with 20% down ($172,000 borrowed) at 7.28% over 30 years costs about $1,579 a month: $1,177 principal and interest plus $402 of tax, insurance and dues.

Monthly payment
$1,578.94
Principal and interest
$1,176.85
Tax, insurance, PMI and HOA
$402.09
Total interest over the loan
$251,664
Loan balance and interest paid over 30 years at 7.28%$0$100k$200k$300k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $172,000 at 7.28%
YearInterestPrincipalBalance
1$12,467.10$1,655.04$170,344.96
2$12,342.51$1,779.63$168,565.33
3$12,208.54$1,913.60$166,651.73
4$12,064.49$2,057.65$164,594.08
5$11,909.59$2,212.55$162,381.52
6$11,743.03$2,379.11$160,002.42
7$11,563.94$2,558.21$157,444.21
8$11,371.36$2,750.78$154,693.42
9$11,164.28$2,957.86$151,735.56
10$10,941.62$3,180.53$148,555.04
11$10,702.19$3,419.95$145,135.09
12$10,444.74$3,677.40$141,457.68
13$10,167.91$3,954.23$137,503.45
14$9,870.24$4,251.90$133,251.55
15$9,550.16$4,571.98$128,679.57
16$9,205.99$4,916.16$123,763.41
17$8,835.90$5,286.24$118,477.17
18$8,437.96$5,684.18$112,792.99
19$8,010.06$6,112.08$106,680.92
20$7,549.95$6,572.19$100,108.73
21$7,055.20$7,066.94$93,041.79
22$6,523.21$7,598.93$85,442.86
23$5,951.17$8,170.97$77,271.90
24$5,336.07$8,786.07$68,485.83
25$4,674.67$9,447.47$59,038.35
26$3,963.47$10,158.67$48,879.69
27$3,198.74$10,923.40$37,956.28
28$2,376.44$11,745.70$26,210.58
29$1,492.23$12,629.91$13,580.67
30$541.47$13,580.67$0.00

This week's mortgage rates →

Monthly payment in Ohio by home price (20% down, 7%, 30 years, 1.31% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$110,000$585$120$873
$160,000$852$175$1,193
$210,000$1,118$230$1,514
$320,000$1,703$350$2,220
$430,000$2,289$471$2,926

How this calculator works

As the mortgage calculator, with Ohio's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $2,822 ÷ median value $214,800.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in Ohio?

On $214,800 with 20% down at 7% over 30 years: about $1,143 principal and interest and $235 of property tax, $1,545 a month with $2,000 a year of insurance.

What is the median home value in Ohio?

$214,800 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Ohio?

The effective rate is 1.31%, a median $2,822 a year. See Ohio's property tax page for every county we cover.

How much income do I need for a median Ohio home?

Under the 28% guideline, about $66,220 a year for the payment above; Ohio's median household income is $71,389.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • Ohio Property Tax CalculatorOhio homeowners pay a median $2,822 a year in property tax, 1.31% of a median $214,800 home: the 11th highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.