Quick answer
The median home in Cincinnati costs $235K. With 20% down ($47K) at 7% for 30 years, the monthly payment is $1,251/month. Total interest paid over 30 years: $262,277.
Calculator · OH · 2026
Mortgage Calculator for Cincinnati, OH (2026)
Pre-filled with Cincinnati's median home price of $235K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Cincinnati Mortgage Payment Scenarios
Median home price: $235K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $11,750 | $223,250 | $1,485 | $2,007 | $311,454 |
| 10% | $23,500 | $211,500 | $1,407 | $1,901 | $295,061 |
| 20% | $47,000 | $188,000 | $1,251 | $1,690 | $262,277 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Cincinnati
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $235K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$235K home · 20% down ($188K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Cincinnati?
The median home price in Cincinnati is $235K. With 20% down and a 30-year loan at 7%, the monthly payment is $1,251. Adding estimated property taxes and insurance brings total monthly costs to approximately $1,486.
Is it cheaper to rent or buy in Cincinnati?
A 2-bedroom rental in Cincinnati averages $1,380/month. Buying the median $235K home with 20% down costs approximately $1,486/month (mortgage + taxes + insurance) — $106 more than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Cincinnati?
Using the 28% housing rule, you need at least $54K–64K in annual gross income to comfortably afford the median $235K home in Cincinnati with 20% down. You also need $47K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Cincinnati?
OH has a state income tax rate of Up to 3.99%. Property taxes vary by county but on a $235K home, expect $196–$392/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.