Cincinnati, OH Mortgage Calculator
Calculate your estimated mortgage payment for a home in Cincinnati, OH. Pre-filled with Cincinnati's average home price of $230,000, local property tax rate of 1.6%, and typical insurance costs.
$230,000
Avg. Home Price
1.6%
Property Tax Rate
$1,300
Avg. Annual Insurance
-
? Monthly payment PITI with taxes & insurance included
-
? Bi-weekly payment PITI if paid every other week
-
? The date of the last payment
-
? The date of the last bi-weekly payment
-
? Total interest paid
-
? Total interest paid if bi-weekly payments made
-
? Monthly property tax paid (included in above PITI payment)
-
? Monthly Home Insurance paid (included in above PITI payment)
Cincinnati, OH Mortgage Overview
The average home in Cincinnati costs around $230,000. With a 20% down payment of $46,000, you would need a loan of $184,000.
Cincinnati homeowners pay a property tax rate of approximately 1.6%, which translates to about $3,680 per year on the average home. Annual homeowners insurance in Cincinnati averages around $1,300.
What Affects Your Cincinnati Mortgage Payment?
Your monthly PITI payment in Cincinnati includes four components:
- Principal — the portion that reduces your loan balance
- Interest — the cost of borrowing, based on your rate and remaining balance
- Taxes — Cincinnati’s property taxes average 1.6%, higher than the Ohio state average of 1.56%
- Insurance — homeowners insurance in Cincinnati averages $1,300/year
Tips for Cincinnati Home Buyers
- Compare rates from multiple Cincinnati lenders — even a 0.25% rate difference can save tens of thousands over the life of your loan
- Check your credit score before applying — a higher score means better rates
- Consider bi-weekly payments — paying every two weeks instead of monthly can shave years off your mortgage
- Factor in PMI — if your down payment is less than 20%, you’ll pay Private Mortgage Insurance until you reach 80% loan-to-value
- Look at Cincinnati first-time buyer programs — many Ohio cities offer down payment assistance or reduced rates for first-time buyers
Browse by State
Alabama
Arizona
California
Colorado
Connecticut
Florida
Georgia
Illinois
Indiana
Maryland
Massachusetts
Michigan
Minnesota
Missouri
Nevada
New Jersey
New York
North Carolina
Ohio
Oregon
Pennsylvania
Tennessee
Texas
Utah
Virginia
Washington
Alaska
Arkansas
Delaware
Hawaii
Idaho
Iowa
Kansas
Kentucky
Louisiana
Maine
Mississippi
Montana
Nebraska
New Hampshire
New Mexico
North Dakota
Oklahoma
Rhode Island
South Carolina
South Dakota
Vermont
West Virginia
Wisconsin
Wyoming
Washington D.C.