Tioga County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Tioga County, NY Benchmarks

FHA averages

Typical Property Value$199,272

Average Down Payment11.2%

Average Interest Rate6.607%

Effective Tax Rate2.06%

Median Tax Paid$3,751/yr

Tax Growth (Historical)-3.0%

Based on 103 regional loans totaling $17,785,000 (HMDA database).

Home Price

Down Payment

$22,318 down · $176,954 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

$342 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$75 / month

Estimated Monthly Payment

$1,718/mo

Principal & Interest$1,151
Property Tax$342
Home Insurance$150
FHA MIP$75

Amortization · Remaining Balance

Financed Loan Amount

$180,050

Total Interest

$234,344

Total of Payments

$414,395

*Includes financed FHA Upfront MIP of $3,097

Local Market Insights

Tioga County FHA Mortgage Overview

In Tioga County, the 11.17% average down payment on an FHA loan offers accessible entry for owner-occupants, though it triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for buyers with sub-620 credit. The 88.83% LTV confirms minimal equity at closing. With a 2.06% effective property tax rate and a recent -3.0% inflation-adjusted tax shift, monthly affordability slightly improves. When assessing an FHA loan with PMI and taxes in Tioga County, NY, these factors directly impact your true monthly cost. For Tioga County FHA loan limits and tax considerations, note that MIP never drops, even with this down payment.

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.