Cattaraugus County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Cattaraugus County, NY Benchmarks

FHA averages

Typical Property Value$187,286

Average Down Payment12.3%

Average Interest Rate6.545%

Effective Tax Rate1.92%

Home Price

Down Payment

$23,036 down · $164,250 financed

Estimated Monthly Payment

$1,580/mo

Principal & Interest$1,061
Property Tax$300
Home Insurance$150
FHA MIP$70

Amortization · Remaining Balance

Financed Loan Amount

$167,124

Total Interest

$214,742

Total of Payments

$381,866

*Includes financed FHA Upfront MIP of $2,874

Local Market Insights

Cattaraugus County FHA Mortgage Overview

In Cattaraugus County, the 12.27% average down payment for FHA loans offers accessible entry, but with a 87.73% LTV, mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life—ideal for those with sub-620 credit. The 1.92% effective property tax rate, paired with a -1.5% inflation-adjusted tax shift, slightly eases monthly costs for primary residences. When evaluating an FHA loan with PMI and taxes in Cattaraugus County, NY, this data helps homebuyers understand true affordability, especially given the $187,285.71 average property value and 6.545% interest rate.

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.