New York Mortgage Rates Today
Compare current New York mortgage rates. High property taxes offset by SONYMA affordable lending programs.
Last updated: June 10, 2026
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30-Year Fixed
6.7%
+0.02
15-Year Fixed
6.2%
0.00
30-Year FHA
5.45%
-0.01
5/1 ARM
6.05%
+0.02
New York Mortgage Calculator
Note: NY property taxes are among the highest in the nation — included in monthly estimate
Monthly Payment
$4,135
Loan Amount
$520,000
Total Interest
$687,960
Property Tax/mo
$650
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Rates by Region
New York City
Median Home:$800,000
Tax Rate:0.88%
Est. Monthly:$4,800
Long Island
Median Home:$650,000
Tax Rate:1.5%
Est. Monthly:$3,900
Westchester
Median Home:$750,000
Tax Rate:1.6%
Est. Monthly:$4,500
Albany
Median Home:$280,000
Tax Rate:2%
Est. Monthly:$1,700
Buffalo
Median Home:$220,000
Tax Rate:1.8%
Est. Monthly:$1,300
SONYMA First-Time Buyer Programs
- • SONYMA FHA Loan: Low down payment (3.5%), competitive rates for first-time homebuyers.
- • SONYMA Conventional 97: 3% down payment, no first-time buyer requirement.
- • Down Payment Assistance: Up to $15,000 through SONYMA participating lenders.
- • Remedy for High Property Taxes: Consider Long Island or upstate areas where taxes are lower.
Top Lenders in New York
| Lender | Rating | Min Credit | Min Down |
|---|---|---|---|
| Quicken Loans/Rocket | 4.5 | 580 | 1-3.5% |
| LoanDepot | 4.3 | 620 | 3% |
| M&T Bank | 4.1 | 640 | 3% |
| Citizens Bank | 4.0 | 620 | 3% |