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Monroe County FHA Loan Calculator

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

Loan Details

Monroe County, NY Benchmarks

FHA averages
Typical Property Value$238,766
Average Down Payment13.1%
Average Interest Rate6.473%
Effective Tax Rate2.41%
Median Tax Paid$5,616/yr
Tax Growth (Historical)-0.9%
Based on 1,147 regional loans totaling $231,725,000 (HMDA database).
$
%

$31,278 down · $207,488 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$480 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$2,048/mo

  • Principal & Interest$1,330
  • Property Tax$480
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$211,119

Total Interest

$267,772

Total of Payments

$478,890

*Includes financed FHA Upfront MIP of $3,631

Local Market Insights

Monroe County FHA Mortgage Overview

For Monroe County homebuyers using FHA financing, the 13.06% average down payment and 86.94% LTV ratio provide accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life. With an average property value of $238,766 and a 6.473% rate, the effective 2.41% property tax rate—recently adjusted -0.9% for inflation—moderates monthly costs. This data, reflecting 100% primary residences, shows FHA’s suitability for buyers with sub-620 credit, as MIP cannot be canceled. For precise budgeting, explore an FHA loan down payment analysis in Monroe County, New York, or an FHA mortgage assessment with property taxes and loan limits.

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.