Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>New York>Cattaraugus County (FHA)

Cattaraugus County FHA Loan Calculator

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

Loan Details

Cattaraugus County, NY Benchmarks

FHA averages
Typical Property Value$187,286
Average Down Payment12.3%
Average Interest Rate6.545%
Effective Tax Rate1.92%
Median Tax Paid$2,991/yr
Tax Growth (Historical)-1.5%
Based on 140 regional loans totaling $22,410,000 (HMDA database).
$
%

$23,036 down · $164,250 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$300 / month

$

Annual premium

$

Per month

%

$70 / month

Estimated Monthly Payment

$1,580/mo

  • Principal & Interest$1,061
  • Property Tax$300
  • Home Insurance$150
  • FHA MIP$70
Amortization · Remaining Balance

Financed Loan Amount

$167,124

Total Interest

$214,742

Total of Payments

$381,866

*Includes financed FHA Upfront MIP of $2,874

Local Market Insights

Cattaraugus County FHA Mortgage Overview

In Cattaraugus County, the 12.27% average down payment for FHA loans offers accessible entry, but with a 87.73% LTV, mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life—ideal for those with sub-620 credit. The 1.92% effective property tax rate, paired with a -1.5% inflation-adjusted tax shift, slightly eases monthly costs for primary residences. When evaluating an FHA loan with PMI and taxes in Cattaraugus County, NY, this data helps homebuyers understand true affordability, especially given the $187,285.71 average property value and 6.545% interest rate.

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.