Ohio Mortgage Calculator (2026)
Calculate your monthly payment with Ohio-specific property tax (1.59%) and average insurance ($1,170/yr).
Monthly payment
Payment breakdown
Loan summary
Amortization schedule (first 12 + every 12 months)
| Month | Principal | Interest | PMI/MIP | Balance |
|---|---|---|---|---|
| 1 | $185.91 | $1,323.00 | $94.50 | $226,614 |
| 2 | $186.99 | $1,321.92 | $94.50 | $226,427 |
| 3 | $188.08 | $1,320.82 | $94.50 | $226,239 |
| 4 | $189.18 | $1,319.73 | $94.50 | $226,050 |
| 5 | $190.28 | $1,318.62 | $94.50 | $225,860 |
| 6 | $191.39 | $1,317.51 | $94.50 | $225,668 |
| 7 | $192.51 | $1,316.40 | $94.50 | $225,476 |
| 8 | $193.63 | $1,315.27 | $94.50 | $225,282 |
| 9 | $194.76 | $1,314.15 | $94.50 | $225,087 |
| 10 | $195.90 | $1,313.01 | $94.50 | $224,891 |
| 11 | $197.04 | $1,311.87 | $94.50 | $224,694 |
| 12 | $198.19 | $1,310.72 | $94.50 | $224,496 |
| 24 | $212.52 | $1,296.39 | $94.50 | $222,026 |
| 36 | $227.88 | $1,281.03 | $94.50 | $219,377 |
| 48 | $244.35 | $1,264.55 | $94.50 | $216,536 |
| 60 | $262.02 | $1,246.89 | $94.50 | $213,490 |
| 72 | $280.96 | $1,227.95 | $94.50 | $210,224 |
| 84 | $301.27 | $1,207.64 | $94.50 | $206,722 |
| 96 | $323.05 | $1,185.86 | $94.50 | $202,967 |
| 108 | $346.40 | $1,162.51 | $94.50 | $198,940 |
| 120 | $371.44 | $1,137.46 | — | $194,622 |
| 132 | $398.29 | $1,110.61 | — | $189,993 |
| 144 | $427.09 | $1,081.82 | — | $185,028 |
| 156 | $457.96 | $1,050.95 | — | $179,704 |
| 168 | $491.07 | $1,017.84 | — | $173,996 |
| 180 | $526.56 | $982.34 | — | $167,875 |
| 192 | $564.63 | $944.28 | — | $161,311 |
| 204 | $605.45 | $903.46 | — | $154,273 |
| 216 | $649.22 | $859.69 | — | $146,726 |
| 228 | $696.15 | $812.76 | — | $138,634 |
| 240 | $746.47 | $762.43 | — | $129,957 |
| 252 | $800.43 | $708.47 | — | $120,652 |
| 264 | $858.30 | $650.61 | — | $110,675 |
| 276 | $920.34 | $588.56 | — | $99,976 |
| 288 | $986.88 | $522.03 | — | $88,504 |
| 300 | $1,058.22 | $450.69 | — | $76,203 |
| 312 | $1,134.72 | $374.19 | — | $63,012 |
| 324 | $1,216.74 | $292.16 | — | $48,868 |
| 336 | $1,304.70 | $204.20 | — | $33,702 |
| 348 | $1,399.02 | $109.89 | — | $17,439 |
| 360 | $1,500.16 | $8.75 | — | $0 |
What the payment actually costs
The carrying cost that lenders leave out of the headline number: at 1.59% effective, Ohio sits 11th of 51 states and adds around $530 a month to a $400,000 home, or $6,360 a year.
Homeowners insurance runs about $1,170 a year in Ohio, 39th of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $628 a month to the payment before you have paid a dollar of principal.
How this fits the rest of your tax bill
Ohio taxes both income and property, so neither side offsets the other. Property tax at 1.59% ranks 11th of 51, and state income tax applies on top. Model both together when comparing against a no-income-tax state, because the comparison flips depending on how much house you buy relative to what you earn.
Housing costs compound with the rate. Ohio runs about 9% below national-average costs, so the same 1.59% rate applies to a smaller assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.
Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.