Niagara County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Niagara County, NY Benchmarks

FHA averages

Typical Property Value$223,251

Average Down Payment11.5%

Average Interest Rate6.427%

Effective Tax Rate1.73%

Median Tax Paid$4,155/yr

Tax Growth (Historical)-0.5%

Based on 590 regional loans totaling $114,300,000 (HMDA database).

Home Price

Down Payment

$25,674 down · $197,577 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$322 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$84 / month

Estimated Monthly Payment

$1,817/mo

Principal & Interest$1,261
Property Tax$322
Home Insurance$150
FHA MIP$84

Amortization · Remaining Balance

Financed Loan Amount

$201,035

Total Interest

$253,082

Total of Payments

$454,117

*Includes financed FHA Upfront MIP of $3,458

Local Market Insights

Niagara County FHA Mortgage Overview

In Niagara County, the 11.47% average down payment on FHA loans provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) is required for the loan's life due to the 88.53% loan-to-value ratio. This market favors buyers with sub-620 credit scores using an FHA loan with PMI and taxes in Niagara County, NY. The 1.73% effective property tax rate, combined with a -0.5% inflation-adjusted decrease, slightly eases monthly costs. For those exploring an FHA loan down payment in Niagara County, New York, the weighted data reflects 100% owner-occupied purchases, not investments.

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.