New York Mortgage Rates
New York Mortgage Calculator
Calculate your mortgage payment with current NYrates. Today's average 30-year fixed rate: 6.28%
Current New York Mortgage RatesUpdated: 2026-02-05
Click on a rate to use it in the calculator. Rates shown are averages and may vary based on credit score, down payment, and lender.
Avg. Home Price
$425,000
Property Tax Rate
1.72%
FHA Loan Limit
$1,149,825
Major Cities
New York City, Buffalo, Rochester
Major Metropolitan Areas in New York
New York CityBuffaloRochesterAlbanySyracuseYonkers
FAQ
New York Mortgage Calculator FAQ
Everything you need to know about mortgage rates, home prices, and buying a house in New York
The current average 30-year fixed mortgage rate in New York is 6.28%. The 15-year fixed rate averages 5.61%, and the 5/1 ARM averages 6.05%. Rates vary by lender, credit score, and down payment.
The average home price in New York is $425,000, with a median price of $395,600. Prices vary significantly by location, with major areas like New York City, Buffalo, Rochester typically commanding higher prices.
The average property tax rate in New York is 1.72% of assessed home value. For a home valued at $425,000, this means approximately $7,310 per year in property taxes.
The FHA loan limit in New York is $1,149,825 for single-family homes. This is the maximum mortgage amount you can borrow with an FHA loan, which requires a minimum down payment of 3.5%.
Use our New York mortgage calculator above to estimate your monthly payment. Enter the home price, your down payment, loan term, and interest rate. The calculator includes property taxes, insurance, and PMI to give you a complete picture of your monthly costs.
Most lenders in New York require a minimum credit score of 620 for conventional loans and 580 for FHA loans. However, to qualify for the best mortgage rates around 6.28%, you typically need a credit score of 740 or higher.
NY Current Rates
Today's average mortgage rates in New York:
- 30-Year Fixed6.28%
- 15-Year Fixed5.61%
- 5/1 ARM6.05%
NY Housing Market
Key New York real estate statistics:
- Avg. Home Price$425,000
- Median Price$395,600
- Property Tax1.72%
- FHA Limit$1,149,825
Major NY Cities
Popular metropolitan areas:
- •New York City
- •Buffalo
- •Rochester
- •Albany
- •Syracuse
- •Yonkers