Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local · FHA Loan

Epsom FHA Mortgage Calculator

Estimate your true cost of homeownership in Epsom with localized property taxes, insurance, and utility data.

← Back to Epsom Hub
Est. Total Monthly Cost
$3,591
P&I Payment$2,510
Taxes & Ins$649
Utilities$250
Also calculate:Conventional CalculatorVA Calculator

Next steps

Take this Epsom scenario further — you stay anonymous.

Track this scenarioSave it to My Scenarios and watch the rate over timeFind lenders for this scenarioSee top-ranked local lenders and request quotes

Mortgage Details

$404,422
Local Median: $404,422
$14,155 (3.5%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Mortgage Insurance (MIP)$182/mo
Upfront MIP (UFMIP) (financed)$6,830

FHA charges MIP regardless of down payment; UFMIP is financed into the loan.

Upfront costs

One-time costs to open your FHA loan.

Down payment (cash)
$14,155
3.5% of price
Upfront MIP (UFMIP)
$6,830
1.75% · financed into loan
Financed loan amount
$397,097
incl. UFMIP
Monthly$3,591

Monthly Breakdown

Principal & Interest
$2,510
Property Taxes
$518
Homeowners Ins.
$131
Mortgage Insurance (MIP)
$182
Utilities
$250

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$506,476

Local Housing Facts for Epsom

  • ·Median home value: $404,422 (adjusted for current market conditions)
  • ·Est. property taxes: $6,210/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,576/yr — based on local per-$1K premium rates
  • ·Energy utilities: $3,001/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

What is the FHA upfront mortgage insurance premium (MIP) for a home in Epsom, NH?

An FHA buyer in Epsom, NH borrowing $390,267 (with 3.5% down on a median $404,422 home) pays an upfront mortgage insurance premium (MIP) of $6,830 — equal to 1.75% of the base loan amount. This upfront MIP is typically financed into the loan balance rather than paid at closing, increasing the total loan amount to approximately $397,097.

How much is the monthly FHA mortgage insurance in Epsom, NH?

For a typical FHA loan in Epsom, NH with a base loan amount of $390,267, the annual MIP rate is 0.55% — adding approximately $179/month to the required payment. This monthly MIP is separate from principal, interest, property taxes, and homeowners insurance.

Does FHA mortgage insurance go away in Epsom, NH?

Unlike conventional PMI — which automatically cancels at 80% LTV under the Homeowners Protection Act — FHA annual MIP on loans with less than 10% down does not fall off. For FHA buyers in Epsom, NH putting 3.5% down, this means ongoing monthly MIP payments of approximately $179/month for the life of the loan. To eliminate MIP, borrowers must refinance into a conventional loan once they reach 20% equity, or put 10%+ down at origination (MIP then cancels after 11 years).

Am I eligible for FHA financing in Epsom, NH?

The 2025 FHA loan limit for Epsom, NH is $541,287 for a 1-unit property. A typical buyer purchasing the median-priced home here (approximately $404,422) with 3.5% down would have a base loan amount of approximately $390,267, which falls within the local FHA limit — making FHA financing an accessible option for eligible buyers.

What is the true all-in monthly cost of owning an FHA-financed home in Epsom, NH?

Beyond principal and interest, FHA buyers in Epsom, NH with a median $404,422 home can expect approximately $6,210/yr in property taxes, $1,576/yr for homeowners insurance, $3,001/yr in energy utilities, and $179/mo in FHA mortgage insurance (MIP). Together, these non-P&I costs add approximately $1,078/month to the required payment in Epsom, NH.