Franklin County, OH Closing Cost Calculator
Estimated closing costs for a home purchase in Franklin County including OH-specific transfer taxes.
Estimated closing costs for a $250,000 home with 20% down
Low estimate
$3,825
High estimate
$7,140
Cost Breakdown (Mid Estimate)
| Origination Fee | $1,500 |
| Title Insurance | $800 |
| Appraisal | $600 |
| OH Transfer Taxes & Fees | $450 |
| Prepaid Items (escrow) | $1,250 |
| Other Fees | $500 |
| Total (Mid) | $5,100 |
Estimates only. Actual costs vary by lender and transaction.
Local Home Values & Affordability
A 20% down payment on a median Franklin County home requires $50,000 in cash — or $8,750 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.
Franklin County's median home value of $250,000 is close to the national median of $310,000, putting most buyers in the conforming loan range with conventional or FHA options readily available.
Property Tax in This Market
Franklin County's effective property tax rate of 1.73% is 57% above the 1.10% national average across the markets we track — placing it among the top 30% highest-tax counties in our dataset.
Based on the 1.73% effective rate and a median home value of $250,000, a typical homeowner in Franklin County pays approximately $4,325 in annual property taxes — or $360 per month added to their mortgage payment.
Sources: Tax Foundation 2025
Homeowners Insurance Costs
Homeowners insurance in Franklin County runs approximately $1,200/year ($100/month), in line with the national average of $1,600.
Premium quotes in Franklin County typically range from $850 to $1,800 per year depending on home age, construction type, coverage limits, and your insurer. Always get multiple quotes.
Sources: NAIC 2024
Loan Limits & Financing Options
A buyer purchasing the median Franklin County home ($250,000) with FHA's minimum 3.5% down would borrow $241,250 — well within the $541,287 baseline FHA limit for this county. FHA financing is a viable option for most buyers here.
With 20% down on a median-priced home, the loan amount of $200,000 stays $632,750 below the $832,750 conforming limit — giving buyers access to conventional Fannie/Freddie pricing without jumbo underwriting.
Sources: HUD ML 2025-23, FHFA 2026
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