Mortgage on a $400K house in Ohio
$2,760 a month with 20% down — $2,153 principal and interest plus $408 property tax and $200 insurance.
Ohio's typical property tax is 1.22% of the home's value a year (U.S. average 0.9%), which adds $408 a month on a $400K home. The typical home in Ohio is worth $245,982, so $400K is 63% above the typical price.
$400K home in Ohio: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $608 | $2,760 | $118,300 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $608 | $3,179 | $136,300 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $608 | $3,322 | $142,400 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $608 | $3,427 | $146,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.22% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Ohio does $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Geauga County | $398,271 | 1.38% | $2,812 |
| Warren County | $407,863 | 1.2% | $2,753 |
| Union County | $411,030 | 1.14% | $2,734 |
| Holmes County | $367,123 | 1.08% | $2,712 |
| Fairfield County | $361,623 | 1.1% | $2,720 |
| Medina County | $348,695 | 1.24% | $2,766 |
| Licking County | $340,409 | 1.22% | $2,760 |
85 of 88 Ohio counties tracked by Zillow have a typical home value at or below $400K. See all Ohio home prices.
Other prices in Ohio
Frequently asked questions
What is the mortgage on a $400K house in Ohio?
About $2,760 a month with 20% down at 7.11%: $2,153 principal and interest, $408 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Ohio?
About $118,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Ohio?
At Ohio's typical effective rate of 1.22%, about $4,891 a year. Rates vary by county and city — see the county pages.