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Dayton

Compare Current Dayton, Ohio Mortgage Rates

Compare Dayton, OH mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Dayton.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Dayton. Plus, shopping lenders is free and there is no obligation.

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Dayton, OH Mortgage Rates as of July 15, 2024
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Dayton, OH Mortgage Rates

July 15, 2024

Current mortgage rates in Dayton, OH are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Dayton, OH Rates
National
Average
Comparison
30 Year Fixed Rate
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6.669%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

How Affordable is Housing in Dayton, Ohio?

Below we provide helpful information on the real estate market, home prices and housing affordability in Dayton. Understand how much you need to earn to afford a home in Dayton, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Dayton fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Dayton is right for you.

The median home value for Dayton, OH (Montgomery County) is $168,029

Based on current mortgage rates and a 10% down payment, you need to make $35,054 per year to buy the median priced home in Dayton

With this income, you could qualify for a $151,226 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Dayton is $812

The median household income for Dayton, OH (Montgomery County) is $57,295

Based on this income, you can afford a home valued at approximately $274,645

The home price you can afford to buy based on household income in Dayton is 163% of the median home value which means housing prices are average. Dayton (Montgomery County) ranks 54 out of 88 counties in Ohio and 1,540 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Dayton, OH is average

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Loan Limits for Dayton, Ohio

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Dayton (Montgomery County) below.

Conforming loan limits for Dayton, OH

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Dayton, OH

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Dayton, OH

1 unit: $726,200

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