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Mortgage Calculator &
Closing Costs: Columbus, OH

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Columbus, Ohio.

Median Home Price
$285K
Population
906K
Avg Monthly Rent
$1,280
Property Tax Rate
1.56%
Columbus vs Ohio Median
The median home price in Columbus is $285,000, which is 33% above the Ohio state median of $215,000.

Mortgage Calculator — Columbus, OH

Pre-filled with Columbus median home price and Ohio tax/insurance rates. Adjust for your property.

$
$57,000
%
%
years
OH avg
%
$
Monthly Payment (PITI)
$1,929
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$1,441
per month
Taxes & Insurance
$488
per month
Total Interest Paid
$291K
over 30 years
Total Loan Cost
$519K
all payments
Payment Breakdown
Loan Amount$228,000
Principal & Interest$1,441
Property Taxes$371
Homeowners Insurance$117
Total Monthly PITI$1,929

Closing Costs — Columbus, OH

Estimated closing costs based on Ohio rates and fees applied to Columbus prices.

$
%
Ohio: Avg closing costs 1.4% of price. Transfer tax: 0.4%.
Estimated Closing Costs
$11,034
3.9% of purchase price
Lender Fees
$2,477
origination, underwriting
Third-Party
$2,875
appraisal, title, inspection
Government Fees
$1,140
transfer taxes, recording
Prepaids + Escrow
$4,542
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,052
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,725
Recording Fee$150
Transfer Tax$1,140
Prepaid Taxes (3 mo)$1,112
Prepaid Insurance (12 mo)$1,400
Prepaid Interest (15 days)$685
Escrow Reserves$1,345
Total Closing Costs$11,034

Buying a Home in Columbus, Ohio

The median home price in Columbus is $285,000, 33% above the Ohio state median of $215,000. With a population of 905,748, Columbus is a major metro area where home prices reflect strong demand and local economic factors.

Property taxes in Ohio average 1.56% annually. This higher-than-average tax rate means a $285,000 home in Columbus would carry roughly $371/month in property taxes alone — plan accordingly. Homeowners insurance in Ohio runs approximately $1,400 per year. This is within the normal range nationally.

Average rent in Columbus is $1,280/month. The price-to-rent ratio in Columbus is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Columbus presents moderate affordability. The $285K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

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Compare total costs of renting vs buying in Columbus.
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