Mortgage Rates in White Plains, New York — March 2026
Updated March 2026 | Based on White Plains market data and regional lending conditions
White Plains is a growing city in New York with a population of 58,327. The current 30-year fixed mortgage rate in White Plains is 6.86%, which is 0.21% above the national average. With a median home price of $497,000 and a 20% down payment of $99,400, homebuyers can expect a monthly principal and interest payment of approximately $2,608.
Current Mortgage Rates in White Plains, NY
Below are the current average mortgage rates available in the White Plains area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.86% | 6.65% | +0.21% |
| 15-Year Fixed | 6.08% | 5.89% | +0.19% |
| 5/1 ARM | 6.32% | 6.15% | +0.17% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.11% | 6.85% | +0.26% |
White Plains Housing Market Overview
The White Plains housing market reflects moderate demand with prices near the national average. The median household income in White Plains is $75,400, and the cost of living index is 142.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $143,743 to comfortably afford the median-priced home in White Plains, which exceeds the current median household income.
Monthly Payment Breakdown for White Plains
Based on the median home price of $497,000 with 20% down ($99,400), here is what you can expect to pay monthly in White Plains:
15-Year vs. 30-Year Mortgage in White Plains
Choosing a 15-year mortgage in White Plains at 6.08% instead of a 30-year at 6.86% would save you $331,920 in total interest over the life of the loan. However, your monthly payment would be $3,372 instead of $2,608 — an increase of $764 per month.
Calculate Your White Plains Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in White Plains
What are the current mortgage rates in White Plains, NY?
As of March 2026, the average 30-year fixed mortgage rate in White Plains, New York is 6.86%, while the 15-year fixed rate is 6.08%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.21% above the national average of 6.65%.
How much is a monthly mortgage payment in White Plains?
Based on the median home price of $497,000 with 20% down, the estimated monthly mortgage payment in White Plains is $2,608 for principal and interest. Including property taxes of $746/month, the total monthly housing cost is approximately $3,354.
What income do I need to buy a home in White Plains?
Using the 28% rule, you would need an annual income of approximately $143,743 to afford the median-priced home in White Plains at $497,000. The median household income in White Plains is $75,400. This means most households would need to either earn above the median or consider homes below $497,000.
Is White Plains a good place to buy a home in 2026?
White Plains has a higher cost of living than average with a cost of living index of 142.6 (national average = 100). The property tax rate in New York is 1.8%, which is above the national average. White Plains has a population of 58,327 and offers a balanced lifestyle.
Mortgage Rates in Other New York Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the White Plains, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.