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Lewis County FHA Loan Calculator

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

Loan Details

Lewis County, NY Benchmarks

FHA averages
Typical Property Value$203,537
Average Down Payment8.3%
Average Interest Rate6.438%
Effective Tax Rate1.39%
Median Tax Paid$2,688/yr
Tax Growth (Historical)-2.8%
Based on 41 regional loans totaling $7,715,000 (HMDA database).
$
%

$16,894 down · $186,643 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$236 / month

$

Annual premium

$

Per month

%

$79 / month

Estimated Monthly Payment

$1,658/mo

  • Principal & Interest$1,193
  • Property Tax$236
  • Home Insurance$150
  • FHA MIP$79
Amortization · Remaining Balance

Financed Loan Amount

$189,910

Total Interest

$239,525

Total of Payments

$429,435

*Includes financed FHA Upfront MIP of $3,266

Local Market Insights

Lewis County FHA Mortgage Overview

For Lewis County homebuyers utilizing an FHA loan, the 8.28% down payment on a $203,537 property provides accessible entry, but the 91.72% LTV ratio mandates Mortgage Insurance Premiums (MIP) for the loan's life, ideal for those with sub-620 credit. The 6.438% rate and 1.39% effective property tax rate, with a -2.8% inflation-adjusted tax decrease, slightly improve monthly affordability. When evaluating an FHA loan with PMI and taxes in Lewis County, NY, this data helps assess true costs for owner-occupied homes.

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.