Yates County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Yates County, NY Benchmarks

FHA averages

Typical Property Value$218,182

Average Down Payment10.7%

Average Interest Rate6.524%

Effective Tax Rate1.42%

Median Tax Paid$3,477/yr

Tax Growth (Historical)-1.3%

Based on 22 regional loans totaling $4,220,000 (HMDA database).

Home Price

Down Payment

$23,345 down · $194,837 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

$258 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$83 / month

Estimated Monthly Payment

$1,746/mo

Principal & Interest$1,256
Property Tax$258
Home Insurance$150
FHA MIP$83

Amortization · Remaining Balance

Financed Loan Amount

$198,246

Total Interest

$253,791

Total of Payments

$452,037

*Includes financed FHA Upfront MIP of $3,410

Local Market Insights

Yates County FHA Mortgage Overview

For Yates County homebuyers using an FHA loan, the 10.65% down payment on a $218,182 property offers accessible entry, though mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life due to the 89.35% LTV ratio. This data reflects 100% primary residences, ideal for those with sub-620 credit. The 1.42% effective tax rate, with a -1.3% inflation-adjusted decrease, slightly eases monthly costs, which you can explore further using a Yates County FHA loan limits and tax tool or an FHA loan down payment analysis in Yates County, New York. Always account for MIP and property taxes when assessing true affordability.

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.