Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>New York>Genesee County (FHA)

Genesee County FHA Loan Calculator

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

Loan Details

Genesee County, NY Benchmarks

FHA averages
Typical Property Value$209,609
Average Down Payment10.9%
Average Interest Rate6.381%
Effective Tax Rate1.98%
Median Tax Paid$4,113/yr
Tax Growth (Historical)+0.8%
Based on 115 regional loans totaling $21,135,000 (HMDA database).
$
%

$22,847 down · $186,762 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$346 / month

$

Annual premium

$

Per month

%

$79 / month

Estimated Monthly Payment

$1,761/mo

  • Principal & Interest$1,186
  • Property Tax$346
  • Home Insurance$150
  • FHA MIP$79
Amortization · Remaining Balance

Financed Loan Amount

$190,030

Total Interest

$236,988

Total of Payments

$427,018

*Includes financed FHA Upfront MIP of $3,268

Local Market Insights

Genesee County FHA Mortgage Overview

Genesee County FHA buyers benefit from a 10.93% down payment on an average $209,609 home, offering accessible entry with an 89.07% LTV. However, FHA mandates Mortgage Insurance Premiums (MIP) for the loan's life, unlike conventional loans. The effective 1.98% property tax rate, adjusted upward 0.8% for inflation, adds significant monthly cost. When evaluating an FHA loan with PMI and taxes in Genesee County, NY, this tax burden critically impacts affordability. Given the 100% owner-occupancy rate, this data reflects standard homebuyers, not investors. For buyers with sub-620 credit, the permanent MIP is a necessary trade-off for lower down payment access.

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.