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Ohio mortgage calculator

Pre-filled for Ohio: the median home value ($240,000) and the state's effective property tax rate of 1.23%. Change anything to match your home.

Home price
Down payment$48,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$1,609.57

Loan $192,000 · 20% down

  • Principal & interest$1,213.57
  • Property tax$246.00
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$244,886
Total cost
$579,446
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 2,146, Interest 12,41712: Principal 2,290, Interest 12,2733: Principal 2,443, Interest 12,1204: Principal 2,607, Interest 11,95645: Principal 2,781, Interest 11,7826: Principal 2,968, Interest 11,5957: Principal 3,166, Interest 11,3978: Principal 3,378, Interest 11,18489: Principal 3,605, Interest 10,95810: Principal 3,846, Interest 10,71711: Principal 4,104, Interest 10,45912: Principal 4,378, Interest 10,1841213: Principal 4,672, Interest 9,89114: Principal 4,985, Interest 9,57815: Principal 5,318, Interest 9,24516: Principal 5,675, Interest 8,8881617: Principal 6,055, Interest 8,50818: Principal 6,460, Interest 8,10319: Principal 6,893, Interest 7,67020: Principal 7,354, Interest 7,2092021: Principal 7,847, Interest 6,71622: Principal 8,372, Interest 6,19123: Principal 8,933, Interest 5,63024: Principal 9,531, Interest 5,0322425: Principal 10,170, Interest 4,39326: Principal 10,851, Interest 3,71227: Principal 11,577, Interest 2,98528: Principal 12,353, Interest 2,2102829: Principal 13,180, Interest 1,38330: Principal 14,063, Interest 50030
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$2,146$12,417$189,854
2$2,290$12,273$187,564
3$2,443$12,120$185,121
4$2,607$11,956$182,514
5$2,781$11,782$179,733
Monthly payment$1,609.57

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Ohio at a glance

Effective property tax
1.23%
Rank (1 = highest)
12th of 51
Median home value
$239,800
Median tax bill
$2,937/yr

On the same $400,000 home, property tax in Ohio adds about $410.00/month, versus $296.67/month at the national rate.

Ohio mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$125,000$632.07$128.13$910.20
$175,000$884.90$179.38$1,214.28
$250,000$1,264.14$256.25$1,670.39
$350,000$1,769.79$358.75$2,278.54
$475,000$2,401.86$486.88$3,038.74

20% down, 6.5% 30-year fixed (example rate), 1.23% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in Ohio.

Mortgage calculators for other states

Assumptions

  • Fixed interest rate for the full term.
  • Property tax, insurance and HOA stay constant (in reality they usually rise over time).
  • PMI applies only when the loan is over 80% of the home price, and stops once the balance reaches 78% of the original price.
  • Extra payments go entirely to principal.
  • Ohio figures: Effective rate = ACS median real estate taxes paid ÷ ACS median value, owner-occupied housing units, by state. Source: US Census Bureau ACS 2024.

Frequently asked questions

What is the property tax rate in Ohio?+

The effective property tax rate in Ohio is about 1.23% of home value a year (median taxes paid $2,937 on a median home worth $239,800). That's the 12th highest of 50 states and DC, and higher than the national 0.89%. Your actual bill depends on your county, city and exemptions.

What's the mortgage payment on a median-priced home in Ohio?+

For a $240,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $1,609.57 a month, including $246.00 of property tax and $150.00 of insurance.

How much income do I need to buy a home in Ohio?+

To afford the median Ohio home ($240,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $80,000 a year in gross income at a 6.5% rate.

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Last reviewed October 14, 2026. Calculator version 1.0.0. Sources: US Census Bureau, ACS 2024 1-year, Table B25103 (Median Real Estate Taxes Paid) · US Census Bureau, ACS 2024 1-year, Table B25077 (Median Value, Owner-Occupied). Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.