Closing Costs in Ohio (2026)

Buyers in Ohio typically pay 2% to 5% of the purchase price in closing costs — roughly $4,972 to $12,430 on a median-priced home around $248,600. Our itemized estimate, including lender fees, title work, government fees, and prepaid taxes and insurance, comes to about $8,676 (3.5% of the price) with 20% down at 6.75%.

The effective property tax rate in Ohio is approximately 1.62% of home value per year. On a median-priced home of $248,600, that works out to about $4,027 per year, or $336 per month. Several months of taxes are usually collected up front at closing to fund your escrow account.

Yes. Ohio conveyance fee (0.1% state + up to 0.3% county) is customarily paid by the seller. At that rate on a $248,600 home, the tax is roughly $746 — and in this state the buyer does not customarily pay it, so it is not included in our buyer-side estimate. Everything is negotiable in the purchase contract.

The 2026 conforming loan limit in Ohio is $832,750 for a one-unit home — the national baseline. No counties in this state are designated high-cost for 2026. On a median-priced $248,600 home with 20% down, the loan is $198,880, so a typical purchase stays conforming. FHA limits also vary by county (2026 floor about $541,288).

With 20% down on a $248,600 home, plan for about $58,396 in total: $49,720 for the down payment plus roughly $8,676 in closing costs and prepaid items. A smaller down payment reduces the cash needed but adds PMI to your monthly payment.

On a median-priced $248,600 home with 20% down and a 30-year loan at 6.75%, the total monthly payment is about $1,721 — $1,290 in principal and interest, $336 in property taxes, and $96 in homeowners insurance.