CALCMONEY // MORTGAGE // OH // CLEVELAND
Calculate your monthly mortgage payment using Cleveland-specific property tax rates and local market data.
$155,000
6.95%
2.06%
83
| Principal & Interest | $821 |
| Property Tax | $266 |
| Homeowners Insurance (est.) | $52 |
| Total Monthly Payment (PITI) | $1,139 |
$31,000
$171,494
$48,796/yr
$155,000 buys the median home in Cleveland right now. With 20% down, that's a $31,000 down payment and a $124,000 loan, set against a $38,000 median household income.
Cleveland's 2.06% property tax rate runs above the 1.1% national average. That's $266/month on the median home here, not a rounding error against the mortgage payment.
Unlike the nine no-income-tax states, Ohio taxes wage income. Worth running your actual take-home pay against the $1,139/month payment here before locking in a target price.
Day-to-day expenses in Cleveland track at 83 against the national 100 baseline, below average once you look past the mortgage payment itself.
Cleveland's median home price runs 42% lower than nearby Columbus: $265,000 there versus $155,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $124,000 loan saves $5,580 in interest over 30 years.
Compare Top Cleveland Mortgage Lenders