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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 | 6.927%APR 6.964% | 0 pts$0 | $1,689/moP&I $1,689 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.948%APR 6.718% | 0 pts$0 | $1,670/moP&I $1,551 · MI $119 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.048%APR 6.101% | 0 pts$0 | $1,541/moP&I $1,541 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.954%APR 6.992% | 0 pts$0 | $1,693/moP&I $1,693 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.683% | 0 pts$0 | $1,810/moP&I $1,810 · 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 | 6.048% | 6.101% | 0 pts ($0) | $2,164/mo | $43,446 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.000% | 6.053% | 0 pts ($0) | $2,697/mo | $60,095 |
Condo 10% Down | 10% | 720 credit score | 7.250% | 7.422% | 0 pts ($0) | $1,962/mo | $68,983 |
Conventional 10% Down | 10% | 720 credit score | 6.755% | 6.915% | 0 pts ($0) | $1,867/mo | $64,691 |
Conventional 20% Down | 20% | 740 credit score | 6.927% | 6.964% | 0 pts ($0) | $1,689/mo | $52,308 |
Conventional 5% Down | 5% | 700 credit score | 7.052% | 7.534% | 0 pts ($0) | $2,031/mo | $71,002 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.371% | 7.411% | 0 pts ($0) | $2,207/mo | $75,896 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,891/mo | $64,083 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.825% | 7.203% | 0 pts ($0) | $2,026/mo | $73,166 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.954% | 6.992% | 0 pts ($0) | $2,116/mo | $71,877 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,637/mo | $62,881 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.948% | 6.718% | 0 pts ($0) | $1,871/mo | $65,530 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,936/mo | $67,790 |
FHA Streamline Refi | 0% | 640 credit score | 6.067% | 6.838% | 0 pts ($0) | $1,964/mo | $69,070 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.009% | 7.254% | 0 pts ($0) | $2,022/mo | $73,341 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,000/mo | $39,149 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.683% | 0 pts ($0) | $1,697/mo | $54,085 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,723/mo | $53,834 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,858/mo | $56,983 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.307% | 7.083% | 0 pts ($0) | $1,944/mo | $68,917 |
Second Home 10% Down | 10% | 720 credit score | 5.953% | 6.526% | 0 pts ($0) | $1,716/mo | $57,750 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,681/mo | $51,977 |
VA 0% Down | 0% | 700 credit score | 6.069% | 6.314% | 0 pts ($0) | $1,972/mo | $65,231 |
VA Cash-Out Refi | 0% | 640 credit score | 6.072% | 6.442% | 0 pts ($0) | $1,973/mo | $65,260 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.079% | 6.232% | 0 pts ($0) | $1,974/mo | $65,329 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,759/mo | $55,638 |
Frequently Asked Questions
What are today's mortgage rates in Cairo-Durham, NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Cairo-Durham, NY is 6.927% (with an estimated monthly payment of $1,992). Active program rates also include FHA 30-year fixed loans at 5.948% and VA 0%-down fixed loans at 6.069%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Cairo-Durham, 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 Cairo-Durham, NY have fluctuated between a low of 6.569% and a high of 7.010%. 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 Cairo-Durham, NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $319,608 in Cairo-Durham, NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $63,922 but keeps your monthly payment lower at $1,992/mo (at 6.927% interest) with no monthly PMI. In comparison, an FHA loan requires only $11,186 (3.5% down) but has an estimated payment of $2,208/mo (at 5.948% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $308,422 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 Cairo-Durham before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Cairo-Durham is $806,501. With a typical local home value of $319,608 in , a standard 20%-down mortgage requires a loan size of $255,686. 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 Cairo-Durham, NY impact estimated mortgage payments?
The median home value in Cairo-Durham, NY is estimated at $319,608. Buying a typical home here with a standard 20% down payment ($63,922) translates to an estimated starting monthly mortgage payment of $1,992 (principal and interest). Compared to the local area median household income of $76,905 ($6,409/mo), this basic housing payment represents approximately 31.1% 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.