Ohio Mortgage Calculator 2026
Calculate your monthly mortgage payment in Ohio. Updated with 2026 Ohio mortgage rates (6.2% avg), property tax (1.56%), and insurance. 10,000+ Ohio homebuyers use this free calculator.
How to Use This Ohio Mortgage Calculator
Enter your home price, down payment, and interest rate to instantly calculate your monthly mortgage payment in Ohio. Results include Principal & Interest (P&I), Property Tax, Homeowners Insurance, and total interest paid.
Ohio Mortgage Rates in 2026
The average mortgage rate in Ohio is currently 6.2% for a 30-year fixed-rate loan. Rates typically range from 5.9% to 6.5% depending on your credit score and down payment.
Ohio Property Taxes
Ohio has an effective property tax rate of approximately 1.56% per year, higher than the national average.
Average Home Price in Ohio
The median home price in Ohio is approximately $240,000. At 20% down ($48,000), your loan amount is $192,000. Monthly P&I at 6.2% is approximately $1,175.
30-Year vs 15-Year Mortgage in Ohio
| Loan Type | Monthly P&I | Total Interest |
|---|---|---|
| 30-Year Fixed @ 6.2% | $1,175 | $231,000 |
| 15-Year Fixed @ 6.2% | $1,641 | $103,380 |
Popular Cities in Ohio
Frequently Asked Questions
What is the average mortgage rate in Ohio?
As of 2026, average Ohio mortgage rates range from 5.9% to 6.5% for a 30-year fixed-rate loan.
How much down payment do I need in Ohio?
Most lenders require 3-20% down. Conventional loans need 5-20%, FHA loans accept as little as 3.5%.
Are property taxes high in Ohio?
Ohio has an effective property tax rate of approximately 1.56% annually.
What is PMI?
PMI is required if down payment is less than 20%. Once you reach 20% equity, you can request cancellation.
What documents do I need for a Ohio mortgage?
Pay stubs, W-2s or tax returns (2 years), bank statements (3 months), valid ID, and debt details.
How long does mortgage approval take in Ohio?
Mortgage approval in Ohio typically takes 30-45 days from application to closing.