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Sullivan County FHA Loan Calculator

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

Sullivan County, NY Benchmarks

FHA averages
Typical Property Value$332,950
Average Down Payment13.8%
Average Interest Rate6.498%
Effective Tax Rate1.81%
$
%

$45,947 down · $287,003 financed

Estimated Monthly Payment

$2,620/mo

  • Principal & Interest$1,846
  • Property Tax$502
  • Home Insurance$150
  • FHA MIP$122
Amortization · Remaining Balance

Financed Loan Amount

$292,025

Total Interest

$372,462

Total of Payments

$664,488

*Includes financed FHA Upfront MIP of $5,023

Local Market Insights

Sullivan County FHA Mortgage Overview

In Sullivan County, the 13.84% weighted average down payment for FHA loans provides accessible entry, yet requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, regardless of equity. This is ideal for buyers with sub-620 credit scores. The 86.16% LTV ratio confirms high leverage. The effective property tax rate of 1.81% is significant, but the recent -5.2% inflation-adjusted tax change offers slight relief on true monthly affordability. All data reflects owner-occupied purchases, not investment properties. For a full picture of an FHA loan with PMI and taxes in Sullivan County, NY, understanding these down payment and tax dynamics is critical.

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.