Tompkins County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Tompkins County, NY Benchmarks

FHA averages

Typical Property Value$283,889

Average Down Payment10.3%

Average Interest Rate6.543%

Effective Tax Rate2.11%

Median Tax Paid$6,515/yr

Tax Growth (Historical)-0.8%

Based on 45 regional loans totaling $11,315,000 (HMDA database).

Home Price

Down Payment

$29,241 down · $254,648 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

$499 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$108 / month

Estimated Monthly Payment

$2,402/mo

Principal & Interest$1,645
Property Tax$499
Home Insurance$150
FHA MIP$108

Amortization · Remaining Balance

Financed Loan Amount

$259,105

Total Interest

$332,930

Total of Payments

$592,035

*Includes financed FHA Upfront MIP of $4,456

Local Market Insights

Tompkins County FHA Mortgage Overview

In Tompkins County, FHA buyers leverage a 10.25% down payment on an average $283,889 property, providing accessible entry despite the 6.543% rate. This 89.75% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, ideal for those with sub-620 credit. The 2.11% effective property tax rate, with a -0.8% inflation-adjusted decline, slightly eases monthly costs. For an FHA loan calculator with PMI and taxes in Tompkins County, NY, this data confirms primary residence affordability, though MIP is permanent versus conventional options.

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.