Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Dayton mortgage calculator
A median-priced Dayton, OH home at 6.75% over 30 years, with Ohio property tax of 1.53% and $1,500 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$1,186 a month, all in
Principal and interest are $823; escrow and PMI add the rest. Over the full term the loan costs $169,406 in interest. Discounted at 5%, buying here has a net present value of $101,593 ($228,928 in today’s dollars).
Within Ohio, Dayton is 4th of the 6 Ohio markets covered here, between Columbus at the top and Cleveland at the bottom of a 2.10x spread. A state-level median hides most of that.
Dayton is cheaper than Ohio as a whole — $141,000 against a state median of $235,000, roughly 40% below. On a 20% deposit that is $18,800 less to find up front.
Rents here are high relative to prices — a rent index of 0.80 against a price index of 0.60. That combination favours buying sooner, because the payment you avoid is larger relative to the price you pay.
Monthly cost in Dayton vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $141,000 |
|---|---|
| Down payment (10%) | $14,100 |
| Loan amount | $126,900 |
| Principal & interest | $823/mo |
| Property tax (1.53%) | $180/mo |
| Homeowners insurance | $125/mo |
| PMI while above 80% LTV | $58/mo |
| Total monthly payment | $1,186/mo |
| Comparable rent | $1,040/mo |
What a rate move does to the Dayton payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $721/mo |
| 6% | $761/mo |
| 6.5% | $802/mo |
| 7% | $844/mo |
| 7.5% | $887/mo |
| 8% | $931/mo |
Rent or buy in Dayton?
Against $1,040 a month in rent, over 7 years buying leaves you about $7,755 better off — $6,524 once 2.5% inflation is stripped out. See the Ohio rent-vs-buy page.
Where these numbers come from
Ohio medians come from editorial and are refreshed weekly. The Dayton figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.