Cayuga County FHA Loan Calculator

The 10.56% down payment on an average $202,222 property in Cayuga County is slightly above the FHA minimum, reflecting a cautious local market. With a 89.44% LTV ratio, FHA borrowers here benefit from accessible entry, but mandatory Mortgage Insurance Premiums (MIP) remain for the loan's life—ideal for those with sub-620 credit scores. The effective property tax rate of 1.82% is significant, though the -3.2% inflation-adjusted tax shift offers slight monthly relief. When assessing an FHA loan with PMI and taxes in Cayuga County, NY, this data underscores that true affordability hinges on the fixed MIP cost and tax burden, not just the down payment. All 100% of purchases are primary residences, confirming owner-occupant stability.