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Franklin County FHA Loan Calculator

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

Loan Details

Franklin County, NY Benchmarks

FHA averages
Typical Property Value$177,361
Average Down Payment9.0%
Average Interest Rate6.673%
Effective Tax Rate1.45%
Median Tax Paid$2,440/yr
Tax Growth (Historical)-2.1%
Based on 72 regional loans totaling $11,230,000 (HMDA database).
$
%

$15,962 down · $161,399 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$214 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,489/mo

  • Principal & Interest$1,056
  • Property Tax$214
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$164,223

Total Interest

$216,091

Total of Payments

$380,314

*Includes financed FHA Upfront MIP of $2,824

Local Market Insights

Franklin County FHA Mortgage Overview

Franklin County’s FHA market reveals a strategic entry point for owner-occupants. With a 9.00% down payment and 91% LTV, buyers gain access but face mandatory MIP for the loan’s life, ideal for those with sub-620 credit. The effective 1.45% tax rate combined with a -2.1% inflation-adjusted decline slightly reduces true monthly costs. When evaluating an FHA loan with PMI and taxes in Franklin County, NY, or using an FHA loan down payment tool in Franklin County, New York, note that property taxes here are relatively stable, tempering the long-term MIP burden.

For those exploring Franklin County FHA mortgage options with property taxes, the 6.673% average rate on a $177,361 property underscores affordability. The 100% primary occupancy rate confirms this data reflects standard homebuyers, not investors. Understanding Franklin County FHA loan limits and tax implications is key, as the low down payment offsets higher MIP, making this a viable path for first-time buyers in a market with modest tax growth.

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.