Orange County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Orange County, NY Benchmarks

FHA averages

Typical Property Value$436,561

Average Down Payment14.2%

Average Interest Rate6.405%

Effective Tax Rate2.02%

Median Tax Paid$8,494/yr

Tax Growth (Historical)-2.6%

Based on 660 regional loans totaling $241,230,000 (HMDA database).

Home Price

Down Payment

$61,992 down · $374,569 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

$735 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$159 / month

Estimated Monthly Payment

$3,430/mo

Principal & Interest$2,386
Property Tax$735
Home Insurance$150
FHA MIP$159

Amortization · Remaining Balance

Financed Loan Amount

$381,124

Total Interest

$477,998

Total of Payments

$859,122

*Includes financed FHA Upfront MIP of $6,555

Local Market Insights

Orange County FHA Mortgage Overview

For Orange County homebuyers using an FHA loan, the 14.21% down payment on an average $436,561 property provides accessible entry, but note that FHA’s mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life. The 85.79% loan-to-value ratio confirms this is a standard owner-occupied purchase, ideal for those with sub-620 credit scores. The effective property tax rate of 2.02% adds significant monthly cost, though the recent -2.6% inflation-adjusted tax shift offers slight relief. When evaluating an FHA loan with PMI and taxes in Orange County, NY, or reviewing Orange County FHA loan limits and property tax impacts, this data clarifies true monthly affordability. The 100% primary occupancy rate underscores a strong local homebuyer market.

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.