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Lima Mortgage Calculator

Estimate your true cost of homeownership in Lima with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$1,346
P&I Payment$901
Taxes & Ins$218
Utilities$227
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Mortgage Details

$178,280
Local Median: $178,280
$35,656 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$1,346

Monthly Breakdown

Principal & Interest
$901
Property Taxes
$156
Homeowners Ins.
$62
Utilities
$227

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$181,909

Local Housing Facts for Lima

  • ·Median home value: $178,280 (adjusted for current market conditions)
  • ·Est. property taxes: $1,872/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $743/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,721/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in Lima?

Based on the local median home value, estimated real estate property taxes in Lima are around $1,872 per year.

What is the average home price in Lima?

The median home value in Lima is currently estimated at $178,280.

How much does homeowners insurance cost in Lima?

For a median priced home, homeowners insurance in Lima averages around $743 annually.

What is the true total cost of owning a home in Lima?

True homeownership costs go beyond principal and interest. In Lima, a typical homeowner with a median-priced home of $178,280 can expect to pay roughly $1,872/yr in property taxes, $743/yr for homeowners insurance, and $2,721/yr in energy utilities. That adds approximately $445 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.