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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.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$1,567.28The answer

Monthly payment

$1,567.28

A $215,000 home with 20% down ($172,000 borrowed) at 7.18% over 30 years costs about $1,567 a month: $1,165 principal and interest plus $402 of tax, insurance and dues.

Principal and interest: $1,165.19
Tax, insurance, PMI and HOA: $402.09
Total interest over the loan: $247,468

Amortization by year: $172,000 at 7.18%

Year	Interest	Principal	Balance
1	$12,294.79	$1,687.47	$170,312.53
2	$12,169.56	$1,812.70	$168,499.83
3	$12,035.04	$1,947.22	$166,552.62
4	$11,890.53	$2,091.72	$164,460.89
5	$11,735.30	$2,246.95	$162,213.94
6	$11,568.56	$2,413.70	$159,800.24
7	$11,389.43	$2,592.82	$157,207.42
8	$11,197.02	$2,785.23	$154,422.19
9	$10,990.33	$2,991.93	$151,430.26
10	$10,768.29	$3,213.96	$148,216.30
11	$10,529.78	$3,452.47	$144,763.83
12	$10,273.57	$3,708.68	$141,055.15
13	$9,998.35	$3,983.90	$137,071.24
14	$9,702.70	$4,279.55	$132,791.69
15	$9,385.11	$4,597.14	$128,194.55
16	$9,043.96	$4,938.30	$123,256.25
17	$8,677.48	$5,304.77	$117,951.48
18	$8,283.81	$5,698.44	$112,253.04
19	$7,860.93	$6,121.33	$106,131.71
20	$7,406.66	$6,575.59	$99,556.12
21	$6,918.68	$7,063.57	$92,492.55
22	$6,394.49	$7,587.76	$84,904.79
23	$5,831.40	$8,150.86	$76,753.93
24	$5,226.52	$8,755.74	$67,998.20
25	$4,576.75	$9,405.50	$58,592.69
26	$3,878.76	$10,103.49	$48,489.20
27	$3,128.98	$10,853.28	$37,635.92
28	$2,323.55	$11,658.71	$25,977.22
29	$1,458.35	$12,523.91	$13,453.31
30	$528.94	$13,453.31	$0.00

Download the schedule (CSV)

This week's mortgage rates

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

Home price	Principal and interest	Property tax	Total
$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.

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.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.