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Fulton County FHA Loan Calculator

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

Loan Details

Fulton County, NY Benchmarks

FHA averages
Typical Property Value$215,850
Average Down Payment10.9%
Average Interest Rate6.469%
Effective Tax Rate1.62%
Median Tax Paid$3,364/yr
Tax Growth (Historical)-1.9%
Based on 155 regional loans totaling $29,035,000 (HMDA database).
$
%

$23,528 down · $192,322 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$291 / month

$

Annual premium

$

Per month

%

$82 / month

Estimated Monthly Payment

$1,756/mo

  • Principal & Interest$1,233
  • Property Tax$291
  • Home Insurance$150
  • FHA MIP$82
Amortization · Remaining Balance

Financed Loan Amount

$195,688

Total Interest

$248,200

Total of Payments

$443,888

*Includes financed FHA Upfront MIP of $3,366

Local Market Insights

Fulton County FHA Mortgage Overview

For Fulton County homebuyers, the 10.91% average down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. With a high 89.09% loan-to-value ratio and 100% primary occupancy, this market suits buyers with sub-620 credit scores. The 1.62% effective property tax rate, paired with a -1.9% inflation-adjusted tax change, slightly offsets monthly costs. When evaluating an FHA loan down payment with PMI and taxes in Fulton County, NY, or an FHA mortgage with property taxes, remember the 6.469% average interest rate and $215,849.67 property value shape true affordability.

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.