Bronx County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Bronx County, New York based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

Bronx County, NY Benchmarks

FHA averages

Typical Property Value$793,077

Average Down Payment11.2%

Average Interest Rate6.299%

Effective Tax Rate0.78%

Median Tax Paid$5,447/yr

Tax Growth (Historical)-0.5%

Based on 468 regional loans totaling $317,890,000 (HMDA database).

Home Price

Down Payment

$88,825 down · $704,252 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$516 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$299 / month

Estimated Monthly Payment

$5,399/mo

Principal & Interest$4,435
Property Tax$516
Home Insurance$150
FHA MIP$299

Amortization · Remaining Balance

Financed Loan Amount

$716,577

Total Interest

$880,173

Total of Payments

$1,596,750

*Includes financed FHA Upfront MIP of $12,324

Local Market Insights

Bronx County FHA Mortgage Overview

For Bronx County homebuyers using an FHA loan, the 11.22% average down payment provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit scores. With an 88.78% Loan-to-Value (LTV) ratio and 100% primary occupancy, this market favors owner-occupants. The 0.78% effective property tax rate, paired with a -0.5% inflation-adjusted tax shift, slightly eases monthly affordability when using an FHA loan down payment analysis in Bronx County, New York. The weighted average interest rate of 6.299% and property value of $793,076 mean buyers exploring an FHA mortgage with property taxes should factor in these permanent MIP costs for true budgeting.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.