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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.953%APR 6.991% | 0 pts$0 | $1,664/moP&I $1,664 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.955%APR 6.725% | 0 pts$0 | $1,643/moP&I $1,525 · MI $117 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.102%APR 6.157% | 0 pts$0 | $1,523/moP&I $1,523 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.980%APR 7.019% | 0 pts$0 | $1,668/moP&I $1,668 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.697% | 0 pts$0 | $1,778/moP&I $1,778 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 6.102% | 6.157% | 0 pts ($0) | $2,134/mo | $43,088 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.048% | 6.103% | 0 pts ($0) | $2,659/mo | $59,493 |
Condo 10% Down | 10% | 720 credit score | 7.277% | 7.450% | 0 pts ($0) | $1,934/mo | $68,020 |
Conventional 10% Down | 10% | 720 credit score | 6.777% | 6.938% | 0 pts ($0) | $1,838/mo | $63,760 |
Conventional 20% Down | 20% | 740 credit score | 6.953% | 6.991% | 0 pts ($0) | $1,664/mo | $51,601 |
Conventional 5% Down | 5% | 700 credit score | 7.088% | 7.571% | 0 pts ($0) | $2,003/mo | $70,099 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.397% | 7.438% | 0 pts ($0) | $2,174/mo | $74,831 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,859/mo | $62,975 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.832% | 7.211% | 0 pts ($0) | $1,993/mo | $71,966 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.980% | 7.019% | 0 pts ($0) | $2,085/mo | $70,881 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,592/mo | $61,794 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.955% | 6.725% | 0 pts ($0) | $1,840/mo | $64,462 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,903/mo | $66,618 |
FHA Streamline Refi | 0% | 640 credit score | 6.077% | 6.849% | 0 pts ($0) | $1,932/mo | $67,972 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.045% | 7.292% | 0 pts ($0) | $1,994/mo | $72,397 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,965/mo | $38,472 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.697% | 0 pts ($0) | $1,667/mo | $53,151 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,693/mo | $52,903 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,826/mo | $55,998 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.317% | 7.093% | 0 pts ($0) | $1,912/mo | $67,819 |
Second Home 10% Down | 10% | 720 credit score | 5.961% | 6.535% | 0 pts ($0) | $1,688/mo | $56,820 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,652/mo | $51,078 |
VA 0% Down | 0% | 700 credit score | 6.079% | 6.325% | 0 pts ($0) | $1,940/mo | $64,199 |
VA Cash-Out Refi | 0% | 640 credit score | 6.083% | 6.454% | 0 pts ($0) | $1,941/mo | $64,238 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.090% | 6.244% | 0 pts ($0) | $1,942/mo | $64,306 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,728/mo | $54,677 |
Frequently Asked Questions
What are today's mortgage rates in 12007, , NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 12007, , NY is 6.953% (with an estimated monthly payment of $1,800). Active program rates also include FHA 30-year fixed loans at 5.955% and VA 0%-down fixed loans at 6.079%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 12007, , NY?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 12007, , NY have fluctuated between a low of 6.612% and a high of 7.067%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 12007, , NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $314,083 in 12007, , NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $62,817 but keeps your monthly payment lower at $1,800/mo (at 6.953% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,993 (3.5% down) but has an estimated payment of $1,991/mo (at 5.955% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $303,090 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 12007 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 12007 is $806,501. With a typical local home value of $314,083 in , a standard 20%-down mortgage requires a loan size of $251,266. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 12007, , NY impact estimated mortgage payments?
The median home value in 12007, , NY is estimated at $314,083. Buying a typical home here with a standard 20% down payment ($62,817) translates to an estimated starting monthly mortgage payment of $1,800 (principal and interest). Compared to the local area median household income of $111,133 ($9,261/mo), this basic housing payment represents approximately 19.4% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.