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Nassau County FHA Loan Calculator

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

Loan Details

Nassau County, NY Benchmarks

FHA averages
Typical Property Value$748,472
Average Down Payment14.7%
Average Interest Rate6.287%
Effective Tax Rate1.72%
Median Tax Paid$10,001/yr
Tax Growth (Historical)%
Based on 1,469 regional loans totaling $904,295,000 (HMDA database).
$
%

$110,025 down · $638,447 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$1,073 / month

$

Annual premium

$

Per month

%

$271 / month

Estimated Monthly Payment

$5,510/mo

  • Principal & Interest$4,017
  • Property Tax$1,073
  • Home Insurance$150
  • FHA MIP$271
Amortization · Remaining Balance

Financed Loan Amount

$649,619

Total Interest

$796,405

Total of Payments

$1,446,024

*Includes financed FHA Upfront MIP of $11,173

Local Market Insights

Nassau County FHA Mortgage Overview

Nassau County FHA buyers leverage a 14.69% down payment on a $748,472 average property, providing accessible entry despite the 6.287% rate. This 85.31% LTV ratio triggers mandatory Mortgage Insurance Premiums (MIP) for the loan's life, ideal for those with sub-620 credit. The 1.72% effective property tax rate adds significant monthly cost; with no recent inflation-adjusted shift, affordability hinges on these fixed taxes. For an FHA loan with PMI and taxes in Nassau County, NY, this data confirms primary residence purchases dominate, emphasizing long-term MIP commitment over equity-building.

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.