Orleans County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Orleans County, NY Benchmarks

FHA averages

Typical Property Value$190,983

Average Down Payment10.3%

Average Interest Rate6.506%

Effective Tax Rate2.23%

Median Tax Paid$3,823/yr

Tax Growth (Historical)-1.9%

Based on 117 regional loans totaling $19,835,000 (HMDA database).

Home Price

Down Payment

$19,671 down · $171,312 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

$355 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$73 / month

Estimated Monthly Payment

$1,680/mo

Principal & Interest$1,103
Property Tax$355
Home Insurance$150
FHA MIP$73

Amortization · Remaining Balance

Financed Loan Amount

$174,310

Total Interest

$222,735

Total of Payments

$397,045

*Includes financed FHA Upfront MIP of $2,998

Local Market Insights

Orleans County FHA Mortgage Overview

In Orleans County, the 10.33% weighted average down payment on an FHA loan provides accessible entry for buyers, particularly those with sub-620 credit scores. However, with an 89.67% Loan-to-Value ratio, mandatory Mortgage Insurance Premiums (MIP) remain for the life of the loan, a key consideration when evaluating an FHA loan with PMI and taxes in Orleans County, NY. The effective property tax rate of 2.23% is high, though the recent inflation-adjusted tax change of -1.9% offers slight relief. For those exploring Orleans County FHA loan limits and tax impacts, this 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.