Mortgage on a $450K house in Ohio
$3,105 a month with 20% down — $2,422 principal and interest plus $459 property tax and $225 insurance.
Ohio's typical property tax is 1.22% of the home's value a year (U.S. average 0.9%), which adds $459 a month on a $450K home. The typical home in Ohio is worth $245,982, so $450K is 83% above the typical price.
$450K home in Ohio: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $684 | $3,105 | $133,100 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $684 | $3,577 | $153,300 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $684 | $3,737 | $160,200 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $684 | $3,855 | $165,200 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Union County | $411,030 | 1.14% | $3,076 |
| Warren County | $407,863 | 1.2% | $3,097 |
| Geauga County | $398,271 | 1.38% | $3,164 |
| Delaware County | $515,396 | 1.6% | $3,247 |
87 of 88 Ohio counties tracked by Zillow have a typical home value at or below $450K. See all Ohio home prices.
Other prices in Ohio
Frequently asked questions
What is the mortgage on a $450K house in Ohio?
About $3,105 a month with 20% down at 7.11%: $2,422 principal and interest, $459 property tax and $225 insurance.
How much do I need to make to buy a $450K house in Ohio?
About $133,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in Ohio?
At Ohio's typical effective rate of 1.22%, about $5,502 a year. Rates vary by county and city — see the county pages.