Ohio Mortgage Calculator
Estimate your monthly payment on a Ohio home — pre-filled with the state's median price of about $240,000.
20.0% of the home price
Monthly Payment (P&I)
$1,213.57
Principal and interest only. Property taxes, homeowners insurance, PMI, and HOA dues are not included.
Buying in Ohio: the numbers
The median home in Ohio costs around $240,000. With a 20% down payment ($48,000) and a 30-year loan at 6.5%, principal and interest run about $1,213.57 per month. Add roughly $306 a month for property taxes at the state's effective rate, and the realistic payment lands near $1,520 — before homeowners insurance. Adjust the calculator above to your own price, down payment, and rate.
Property taxes in Ohio
Ohio's effective property tax rate of about 1.53% compares with a national average near 1.10%. Ohio combines above-average property tax rates with some of the most affordable home prices among large states, so the dollar amount of a typical tax bill remains moderate. Rates differ significantly by school district. For an exact monthly figure on any home value, use the Property Tax Calculator, and confirm what you can responsibly spend with the Affordability Calculator.
Mortgage calculators by state
Ohio mortgage FAQs
What is the average property tax rate in Ohio?
Ohio's effective property tax rate is approximately 1.53%, compared with a national average of roughly 1.1%. On a median-priced OH home of about $240,000, that works out to roughly $3,672 per year.
What does a typical mortgage payment look like in Ohio?
On a median-priced $240,000 home with 20% down and a 30-year loan at 6.5%, principal and interest come to about $1,213.57 per month, plus roughly $306 in monthly property taxes — before insurance and any HOA dues.
Does this calculator include Ohio property taxes?
The calculator shows principal and interest. To add taxes, apply Ohio's effective rate of about 1.53% to your target home value — our Property Tax Calculator does this for you and breaks it into a monthly amount.
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