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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 | 6.881%APR 6.917% | 0 pts$0 | $2,037/moP&I $2,037 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.016%APR 6.785% | 0 pts$0 | $2,038/moP&I $1,894 · MI $145 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.962%APR 6.012% | 0 pts$0 | $1,850/moP&I $1,850 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.905%APR 6.941% | 0 pts$0 | $2,042/moP&I $2,042 · MI $0 | See details |
| Investment Property FixedConforming | 7.595%APR 7.636% | 0 pts$0 | $2,187/moP&I $2,187 · 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 | 5.962% | 6.012% | 0 pts ($0) | $2,609/mo | $51,887 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.909% | 5.958% | 0 pts ($0) | $3,250/mo | $71,819 |
Condo 10% Down | 10% | 720 credit score | 7.115% | 7.282% | 0 pts ($0) | $2,347/mo | $82,191 |
Conventional 10% Down | 10% | 720 credit score | 6.575% | 6.730% | 0 pts ($0) | $2,221/mo | $76,519 |
Conventional 20% Down | 20% | 740 credit score | 6.881% | 6.917% | 0 pts ($0) | $2,037/mo | $62,970 |
Conventional 5% Down | 5% | 700 credit score | 6.996% | 7.473% | 0 pts ($0) | $2,447/mo | $85,437 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.322% | 7.360% | 0 pts ($0) | $2,662/mo | $91,418 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,292/mo | $77,672 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.787% | 7.162% | 0 pts ($0) | $2,446/mo | $88,251 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.905% | 6.941% | 0 pts ($0) | $2,553/mo | $86,547 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,197/mo | $76,216 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.016% | 6.785% | 0 pts ($0) | $2,284/mo | $80,204 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,347/mo | $82,165 |
FHA Streamline Refi | 0% | 640 credit score | 6.184% | 6.956% | 0 pts ($0) | $2,410/mo | $85,103 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.969% | 7.213% | 0 pts ($0) | $2,441/mo | $88,450 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,424/mo | $47,451 |
Investment Property 25% Down | 25% | 740 credit score | 7.595% | 7.636% | 0 pts ($0) | $2,050/mo | $65,292 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,088/mo | $65,250 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,253/mo | $69,067 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.388% | 7.164% | 0 pts ($0) | $2,376/mo | $84,459 |
Second Home 10% Down | 10% | 720 credit score | 6.039% | 6.613% | 0 pts ($0) | $2,099/mo | $70,897 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,038/mo | $62,999 |
VA 0% Down | 0% | 700 credit score | 6.010% | 6.253% | 0 pts ($0) | $2,375/mo | $78,362 |
VA Cash-Out Refi | 0% | 640 credit score | 6.021% | 6.388% | 0 pts ($0) | $2,378/mo | $78,492 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.045% | 6.197% | 0 pts ($0) | $2,384/mo | $78,778 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,132/mo | $67,437 |
Frequently Asked Questions
What are today's mortgage rates in 12815, , NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 12815, , NY is 6.881% (with an estimated monthly payment of $2,465). Active program rates also include FHA 30-year fixed loans at 6.016% and VA 0%-down fixed loans at 6.010%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 12815, , 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 12815, , NY have fluctuated between a low of 6.498% and a high of 6.959%. 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 12815, , NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $387,383 in 12815, , NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $77,477 but keeps your monthly payment lower at $2,465/mo (at 6.881% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,558 (3.5% down) but has an estimated payment of $2,764/mo (at 6.016% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $373,825 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 12815 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 12815 is $806,501. With a typical local home value of $387,383 in , a standard 20%-down mortgage requires a loan size of $309,906. 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 12815, , NY impact estimated mortgage payments?
The median home value in 12815, , NY is estimated at $387,383. Buying a typical home here with a standard 20% down payment ($77,477) translates to an estimated starting monthly mortgage payment of $2,465 (principal and interest). Compared to the local area median household income of $81,635 ($6,803/mo), this basic housing payment represents approximately 36.2% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.