Oswego County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Oswego County, NY Benchmarks

FHA averages

Typical Property Value$197,712

Average Down Payment12.1%

Average Interest Rate6.491%

Effective Tax Rate1.95%

Median Tax Paid$3,646/yr

Tax Growth (Historical)-1.6%

Based on 236 regional loans totaling $39,830,000 (HMDA database).

Home Price

Down Payment

$23,923 down · $173,789 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

$321 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$74 / month

Estimated Monthly Payment

$1,661/mo

Principal & Interest$1,117
Property Tax$321
Home Insurance$150
FHA MIP$74

Amortization · Remaining Balance

Financed Loan Amount

$176,830

Total Interest

$225,119

Total of Payments

$401,949

*Includes financed FHA Upfront MIP of $3,041

Local Market Insights

Oswego County FHA Mortgage Overview

For Oswego County homebuyers, the 12.09% average down payment on FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) remain for the loan’s life due to the 87.91% LTV ratio. This makes FHA financing ideal for those with sub-620 credit scores. The 1.95% effective property tax rate, with a recent -1.6% inflation-adjusted decrease, slightly improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Oswego County, NY, note that the average property value of $197,711.86 and 6.491% interest rate shape true costs. 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.