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Ontario County FHA Loan Calculator

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

Loan Details

Ontario County, NY Benchmarks

FHA averages
Typical Property Value$285,980
Average Down Payment13.5%
Average Interest Rate6.486%
Effective Tax Rate1.89%
Median Tax Paid$4,565/yr
Tax Growth (Historical)-0.7%
Based on 153 regional loans totaling $36,795,000 (HMDA database).
$
%

$38,607 down · $247,373 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$450 / month

$

Annual premium

$

Per month

%

$105 / month

Estimated Monthly Payment

$2,295/mo

  • Principal & Interest$1,589
  • Property Tax$450
  • Home Insurance$150
  • FHA MIP$105
Amortization · Remaining Balance

Financed Loan Amount

$251,702

Total Interest

$320,436

Total of Payments

$572,138

*Includes financed FHA Upfront MIP of $4,329

Local Market Insights

Ontario County FHA Mortgage Overview

Ontario County homebuyers using an FHA loan benefit from the accessible 13.47% down payment, but must account for mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, as the 86.53% LTV ratio confirms. This is ideal for buyers with sub-620 credit scores seeking owner-occupied homes. The 1.89% effective property tax rate creates a significant monthly cost, though the recent -0.7% inflation-adjusted tax shift provides slight relief. When evaluating an FHA loan down payment with PMI and taxes, note that property taxes directly impact true affordability. For an Ontario County FHA mortgage with property taxes, the average 6.486% rate and $285,980 property value mean taxes add roughly $450 monthly. Understanding Ontario County FHA loan limits and tax implications is critical for budgeting.

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.