Select your Scenario
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.
See Safe Rate's top scoring lenders for Minerva
We rank active Minerva lenders across our 5 P's of mortgage shopping. No pay to play, independent rankings.
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 | 6.967%APR 7.009% | 0 pts$0 | $1,184/moP&I $1,184 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.090%APR 6.866% | 0 pts$0 | $1,183/moP&I $1,100 · MI $83 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.136%APR 6.196% | 0 pts$0 | $1,086/moP&I $1,086 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.919%APR 6.962% | 0 pts$0 | $1,178/moP&I $1,178 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.712% | 0 pts$0 | $1,264/moP&I $1,264 · MI $0 | See details |
Personalize the rates on this page
Tell us your home budget and credit score to see exact payments and find your best-fit loan program instantly.
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 | 6.136% | 6.196% | 0 pts ($0) | $1,520/mo | $30,796 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.086% | 6.148% | 0 pts ($0) | $1,894/mo | $42,524 |
Condo 10% Down | 10% | 720 credit score | 7.296% | 7.473% | 0 pts ($0) | $1,377/mo | $48,453 |
Conventional 10% Down | 10% | 720 credit score | 6.880% | 7.046% | 0 pts ($0) | $1,320/mo | $45,934 |
Conventional 20% Down | 20% | 740 credit score | 6.967% | 7.009% | 0 pts ($0) | $1,184/mo | $36,745 |
Conventional 5% Down | 5% | 700 credit score | 7.274% | 7.767% | 0 pts ($0) | $1,450/mo | $51,005 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.413% | 7.458% | 0 pts ($0) | $1,547/mo | $53,286 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,321/mo | $44,753 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.864% | 7.246% | 0 pts ($0) | $1,421/mo | $51,351 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.919% | 6.962% | 0 pts ($0) | $1,473/mo | $49,961 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,842/mo | $43,914 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.090% | 6.866% | 0 pts ($0) | $1,327/mo | $46,699 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,352/mo | $47,342 |
FHA Streamline Refi | 0% | 640 credit score | 6.284% | 7.063% | 0 pts ($0) | $1,403/mo | $49,717 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.246% | 7.500% | 0 pts ($0) | $1,446/mo | $52,734 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,396/mo | $27,340 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.712% | 0 pts ($0) | $1,185/mo | $37,771 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,203/mo | $37,595 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,298/mo | $39,795 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.452% | 7.234% | 0 pts ($0) | $1,378/mo | $49,085 |
Second Home 10% Down | 10% | 720 credit score | 6.095% | 6.676% | 0 pts ($0) | $1,217/mo | $41,187 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,174/mo | $36,298 |
VA 0% Down | 0% | 700 credit score | 6.110% | 6.359% | 0 pts ($0) | $1,383/mo | $45,835 |
VA Cash-Out Refi | 0% | 640 credit score | 6.115% | 6.490% | 0 pts ($0) | $1,384/mo | $45,870 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.123% | 6.281% | 0 pts ($0) | $1,385/mo | $45,924 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,228/mo | $38,856 |
Frequently Asked Questions
What are today's mortgage rates in 12851, , NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 12851, , NY is 6.967% (with an estimated monthly payment of $1,263). Active program rates also include FHA 30-year fixed loans at 6.090% and VA 0%-down fixed loans at 6.110%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 12851, , 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 12851, , NY have fluctuated between a low of 6.853% and a high of 7.094%. 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 12851, , NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $223,201 in 12851, , NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $44,640 but keeps your monthly payment lower at $1,263/mo (at 6.967% interest) with no monthly PMI. In comparison, an FHA loan requires only $7,812 (3.5% down) but has an estimated payment of $1,415/mo (at 6.090% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $215,389 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 12851 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 12851 is $806,501. With a typical local home value of $223,201 in , a standard 20%-down mortgage requires a loan size of $178,561. 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 12851, , NY impact estimated mortgage payments?
The median home value in 12851, , NY is estimated at $223,201. Buying a typical home here with a standard 20% down payment ($44,640) translates to an estimated starting monthly mortgage payment of $1,263 (principal and interest). Compared to the local area median household income of $76,500 ($6,375/mo), this basic housing payment represents approximately 19.8% 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.