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Oneida County FHA Loan Calculator

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

Loan Details

Oneida County, NY Benchmarks

FHA averages
Typical Property Value$214,407
Average Down Payment9.8%
Average Interest Rate6.275%
Effective Tax Rate1.73%
Median Tax Paid$3,690/yr
Tax Growth (Historical)-1.8%
Based on 491 regional loans totaling $93,355,000 (HMDA database).
$
%

$21,012 down · $193,395 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$309 / month

$

Annual premium

$

Per month

%

$82 / month

Estimated Monthly Payment

$1,757/mo

  • Principal & Interest$1,215
  • Property Tax$309
  • Home Insurance$150
  • FHA MIP$82
Amortization · Remaining Balance

Financed Loan Amount

$196,780

Total Interest

$240,782

Total of Payments

$437,561

*Includes financed FHA Upfront MIP of $3,384

Local Market Insights

Oneida County FHA Mortgage Overview

For Oneida County homebuyers, the 9.80% average down payment on FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 90.20% median LTV. This structure is ideal for those with sub-620 credit scores seeking owner-occupied housing. The effective 1.73% property tax rate, combined with a -1.8% inflation-adjusted decline, slightly improves true monthly affordability. When evaluating an FHA loan with PMI and taxes in Oneida County, NY, the $214,406.95 average property value and 6.275% interest rate highlight that the lower down payment offsets the ongoing MIP cost, making the FHA loan limits particularly suitable for first-time buyers.

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.