Cincinnati Mortgage Calculator
Estimate your monthly mortgage payment in Cincinnati, OH. On the local median home value of $235,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $1,606. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,188
- Property Tax$317
- Home Insurance$100
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $14,259 | $2,101 | $12,158 | $185,899 |
| 2 | $14,259 | $2,242 | $12,017 | $183,657 |
| 3 | $14,259 | $2,392 | $11,867 | $181,264 |
| 4 | $14,259 | $2,552 | $11,707 | $178,712 |
| 5 | $14,259 | $2,723 | $11,536 | $175,989 |
| 6 | $14,259 | $2,906 | $11,354 | $173,083 |
| 7 | $14,259 | $3,100 | $11,159 | $169,983 |
| 8 | $14,259 | $3,308 | $10,951 | $166,675 |
| 9 | $14,259 | $3,530 | $10,730 | $163,145 |
| 10 | $14,259 | $3,766 | $10,494 | $159,379 |
| 11 | $14,259 | $4,018 | $10,241 | $155,361 |
| 12 | $14,259 | $4,287 | $9,972 | $151,074 |
| 13 | $14,259 | $4,574 | $9,685 | $146,499 |
| 14 | $14,259 | $4,881 | $9,379 | $141,619 |
| 15 | $14,259 | $5,208 | $9,052 | $136,411 |
| 16 | $14,259 | $5,556 | $8,703 | $130,855 |
| 17 | $14,259 | $5,928 | $8,331 | $124,926 |
| 18 | $14,259 | $6,325 | $7,934 | $118,601 |
| 19 | $14,259 | $6,749 | $7,510 | $111,852 |
| 20 | $14,259 | $7,201 | $7,058 | $104,651 |
| 21 | $14,259 | $7,683 | $6,576 | $96,967 |
| 22 | $14,259 | $8,198 | $6,062 | $88,769 |
| 23 | $14,259 | $8,747 | $5,512 | $80,022 |
| 24 | $14,259 | $9,333 | $4,927 | $70,690 |
| 25 | $14,259 | $9,958 | $4,302 | $60,732 |
| 26 | $14,259 | $10,625 | $3,635 | $50,107 |
| 27 | $14,259 | $11,336 | $2,923 | $38,771 |
| 28 | $14,259 | $12,095 | $2,164 | $26,675 |
| 29 | $14,259 | $12,906 | $1,354 | $13,770 |
| 30 | $14,259 | $13,770 | $490 | $0 |
Swipe the table sideways to see all columns →
How to use this calculator
The Home Price field is pre-filled with the median home value in Cincinnati (about $235,000). Override with your target home's actual price to get a payment estimate for that specific property.
The Property Tax Rate is pre-filled with Ohio's average effective rate of 1.62%. Within Ohio, rates vary by county — if you know your specific local rate, override it for a more precise estimate.
Adjust the Down Payment slider to see how your payment changes. Below 20% down triggers PMI; the calculator adds it automatically and shows a warning.
Scroll down for the full PITI breakdown, monthly payment pie chart, and complete month-by-month amortization schedule.
How it works
Buying a median-priced home in Cincinnati. At $235,000 with a 20% down payment, you'd bring $47,000 to closing (plus closing costs) and take out a $188,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $1,188.
Annual costs on top of the loan. Ohio's average property tax rate is 1.62%, so a median-priced Cincinnati home generates approximately $3,807 in annual property tax (about $317/mo when paid through escrow). Homeowner's insurance in Ohio averages around $1,200/year.
Total monthly payment (PITI) on the median Cincinnati home works out to about $1,606 per month at current rates, assuming a 20% down payment and no HOA. If you're putting less than 20% down, add PMI to this — typically 0.5–1.5% of the loan balance per year.
Rates change; this is the math, not the offer. Mortgage rates fluctuate daily. Our default of 6.50% is a recent conventional 30-year benchmark — enter today's quoted rate from your lender for the most accurate payment estimate.
Frequently Asked Questions
Looking for a different city? Browse all cities. For Ohio-specific property taxes, see the Ohio Property Tax Calculator.