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Mortgage Calculator &
Closing Costs: Wooster, OH

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

Median Home Price
$195K
Population
27K
Avg Monthly Rent
$920
Property Tax Rate
1.56%
Wooster vs Ohio Median
The median home price in Wooster is $195,000, which is 9% below the Ohio state median of $215,000.

Mortgage Calculator — Wooster, OH

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

$
$39,000
%
%
years
OH avg
%
$
Monthly Payment (PITI)
$1,357
Principal + Interest + Tax + Insurance + PMI
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Principal & Interest
$986
per month
Taxes & Insurance
$371
per month
Total Interest Paid
$199K
over 30 years
Total Loan Cost
$355K
all payments
Payment Breakdown
Loan Amount$156,000
Principal & Interest$986
Property Taxes$254
Homeowners Insurance$117
Total Monthly PITI$1,357

Closing Costs — Wooster, OH

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

$
%
Ohio: Avg closing costs 1.4% of price. Transfer tax: 0.4%.
Estimated Closing Costs
$8,657
4.4% of purchase price
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Lender Fees
$1,829
origination, underwriting
Third-Party
$2,425
appraisal, title, inspection
Government Fees
$780
transfer taxes, recording
Prepaids + Escrow
$3,623
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,404
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,275
Recording Fee$150
Transfer Tax$780
Prepaid Taxes (3 mo)$761
Prepaid Insurance (12 mo)$1,400
Prepaid Interest (15 days)$469
Escrow Reserves$994
Total Closing Costs$8,657

Buying a Home in Wooster, Ohio

The median home price in Wooster is $195,000, 9% below the Ohio state median of $215,000. With a population of 27,023, Wooster is a smaller market where home prices tend to be more accessible than in many parts of Ohio.

Property taxes in Ohio average 1.56% annually. This higher-than-average tax rate means a $195,000 home in Wooster would carry roughly $254/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 Wooster is $920/month. The price-to-rent ratio in Wooster is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Wooster offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Ohio's OHFA Your Choice! Down Payment Assistance program.

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