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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 | 6.829%APR 6.863% | 0 pts$0 | $2,612/moP&I $2,612 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.975%APR 6.743% | 0 pts$0 | $2,617/moP&I $2,431 · MI $186 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.872%APR 5.919% | 0 pts$0 | $2,363/moP&I $2,363 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.799%APR 6.833% | 0 pts$0 | $2,604/moP&I $2,604 · MI $0 | See details |
| Investment Property FixedConforming | 7.513%APR 7.551% | 0 pts$0 | $2,797/moP&I $2,797 · 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 | 5.872% | 5.919% | 0 pts ($0) | $3,344/mo | $65,854 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.871% | 5.919% | 0 pts ($0) | $4,180/mo | $92,041 |
Condo 10% Down | 10% | 720 credit score | 7.028% | 7.192% | 0 pts ($0) | $2,999/mo | $104,784 |
Conventional 10% Down | 10% | 720 credit score | 6.514% | 6.666% | 0 pts ($0) | $2,845/mo | $97,824 |
Conventional 20% Down | 20% | 740 credit score | 6.829% | 6.863% | 0 pts ($0) | $2,612/mo | $80,557 |
Conventional 5% Down | 5% | 700 credit score | 6.955% | 7.428% | 0 pts ($0) | $3,142/mo | $109,561 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.271% | 7.308% | 0 pts ($0) | $3,414/mo | $117,090 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,955/mo | $100,136 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.700% | 7.071% | 0 pts ($0) | $3,126/mo | $112,506 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.799% | 6.833% | 0 pts ($0) | $3,256/mo | $109,984 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,121/mo | $98,259 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.975% | 6.743% | 0 pts ($0) | $2,932/mo | $102,796 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,026/mo | $105,929 |
FHA Streamline Refi | 0% | 640 credit score | 6.104% | 6.874% | 0 pts ($0) | $3,081/mo | $108,495 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.929% | 7.170% | 0 pts ($0) | $3,134/mo | $113,460 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,125/mo | $61,175 |
Investment Property 25% Down | 25% | 740 credit score | 7.513% | 7.551% | 0 pts ($0) | $2,622/mo | $83,248 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,692/mo | $84,122 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,904/mo | $89,042 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.344% | 7.118% | 0 pts ($0) | $3,049/mo | $108,237 |
Second Home 10% Down | 10% | 720 credit score | 7.499% | 7.672% | 0 pts ($0) | $3,143/mo | $111,170 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,627/mo | $81,219 |
VA 0% Down | 0% | 700 credit score | 5.952% | 6.193% | 0 pts ($0) | $3,043/mo | $100,136 |
VA Cash-Out Refi | 0% | 640 credit score | 5.959% | 6.323% | 0 pts ($0) | $3,045/mo | $100,244 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.972% | 6.121% | 0 pts ($0) | $3,049/mo | $100,443 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,748/mo | $86,941 |
Frequently Asked Questions
What are today's mortgage rates in 12514, , NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 12514, , NY is 6.829% (with an estimated monthly payment of $3,269). Active program rates also include FHA 30-year fixed loans at 5.975% and VA 0%-down fixed loans at 5.952%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 12514, , 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 12514, , NY have fluctuated between a low of 6.450% and a high of 6.910%. 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 12514, , NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $499,423 in 12514, , NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $99,885 but keeps your monthly payment lower at $3,269/mo (at 6.829% interest) with no monthly PMI. In comparison, an FHA loan requires only $17,480 (3.5% down) but has an estimated payment of $3,293/mo (at 5.975% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $481,943 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 12514 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 12514 is $806,501. With a typical local home value of $499,423 in , a standard 20%-down mortgage requires a loan size of $399,538. 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 12514, , NY impact estimated mortgage payments?
The median home value in 12514, , NY is estimated at $499,423. Buying a typical home here with a standard 20% down payment ($99,885) translates to an estimated starting monthly mortgage payment of $3,269 (principal and interest). Compared to the local area median household income of $109,897 ($9,158/mo), this basic housing payment represents approximately 35.7% 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.