Oswego County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Oswego 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

Oswego County, NY Benchmarks

FHA averages

Typical Property Value$197,712

Average Down Payment12.1%

Average Interest Rate6.491%

Effective Tax Rate1.95%

Home Price

Down Payment

$23,923 down · $173,789 financed

Estimated Monthly Payment

$1,661/mo

Principal & Interest$1,117
Property Tax$321
Home Insurance$150
FHA MIP$74

Amortization · Remaining Balance

Financed Loan Amount

$176,830

Total Interest

$225,119

Total of Payments

$401,949

*Includes financed FHA Upfront MIP of $3,041

Local Market Insights

Oswego County FHA Mortgage Overview

For Oswego County homebuyers, the 12.09% average down payment on FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) remain for the loan’s life due to the 87.91% LTV ratio. This makes FHA financing ideal for those with sub-620 credit scores. The 1.95% effective property tax rate, with a recent -1.6% inflation-adjusted decrease, slightly improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Oswego County, NY, note that the average property value of $197,711.86 and 6.491% interest rate shape true costs. This data reflects 100% owner-occupied purchases, not investments.

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.