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Suffolk County FHA Loan Calculator

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

Loan Details
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

Suffolk County, NY Benchmarks

FHA averages
Typical Property Value$636,618
Average Down Payment12.1%
Average Interest Rate6.306%
Effective Tax Rate1.62%
$
%

$77,031 down · $559,587 financed

Estimated Monthly Payment

$4,775/mo

  • Principal & Interest$3,528
  • Property Tax$859
  • Home Insurance$150
  • FHA MIP$237
Amortization · Remaining Balance

Financed Loan Amount

$569,380

Total Interest

$700,707

Total of Payments

$1,270,087

*Includes financed FHA Upfront MIP of $9,793

Local Market Insights

Suffolk County FHA Mortgage Overview

For Suffolk County homebuyers using FHA financing, the 12.14% down payment on a $636,617.50 home provides accessible entry, but mandates Mortgage Insurance Premiums (MIP) for the life of the loan—a critical factor when evaluating an FHA loan with PMI and taxes in Suffolk County, NY. The 87.86% loan-to-value ratio confirms most buyers are leveraging limited equity. The 1.62% effective property tax rate, combined with no recent inflation-adjusted shift, keeps monthly affordability stable. This data, reflecting 100% primary residences, underscores that an FHA loan down payment analysis in Suffolk County, New York must account for permanent MIP costs alongside property taxes.

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.