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Jefferson County FHA Loan Calculator

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

Loan Details

Jefferson County, NY Benchmarks

FHA averages
Typical Property Value$200,206
Average Down Payment7.9%
Average Interest Rate6.408%
Effective Tax Rate1.32%
Median Tax Paid$2,899/yr
Tax Growth (Historical)-1.4%
Based on 194 regional loans totaling $35,820,000 (HMDA database).
$
%

$15,816 down · $184,390 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$220 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,623/mo

  • Principal & Interest$1,175
  • Property Tax$220
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$187,617

Total Interest

$235,305

Total of Payments

$422,921

*Includes financed FHA Upfront MIP of $3,227

Local Market Insights

Jefferson County FHA Mortgage Overview

In Jefferson County, the typical FHA home buyer puts down just 7.93%, reflecting an accessible entry point into a market where the average property value is $200,206. However, this low down payment results in a 92.07% loan-to-value ratio, which mandates Mortgage Insurance Premiums (MIP) for the life of the loan—a critical factor when evaluating an FHA loan with PMI and taxes in Jefferson County, NY. The effective property tax rate of 1.32% combined with a recent -1.4% inflation-adjusted tax shift slightly eases monthly affordability. For those exploring FHA loan down payment options in Jefferson County, New York, this data underscores that MIP is permanent, making this structure ideal for buyers with sub-620 credit scores seeking a primary residence.

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.