Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local · FHA Loan

Utica FHA Mortgage Calculator

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

← Back to Utica Hub
Est. Total Monthly Cost
$1,783
P&I Payment$1,368
Taxes & Ins$100
Utilities$216
Also calculate:Conventional CalculatorVA Calculator

Next steps

Take this Utica 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

$220,443
Local Median: $220,443
$7,716 (3.5%)
%

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

Local Area Costs

Mortgage Insurance (MIP)$99/mo
Upfront MIP (UFMIP) (financed)$3,723

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)
$7,716
3.5% of price
Upfront MIP (UFMIP)
$3,723
1.75% · financed into loan
Financed loan amount
$216,450
incl. UFMIP
Monthly$1,783

Monthly Breakdown

Principal & Interest
$1,368
Property Taxes
$61
Homeowners Ins.
$39
Mortgage Insurance (MIP)
$99
Utilities
$216

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$276,071

Local Housing Facts for Utica

  • ·Median home value: $220,443 (adjusted for current market conditions)
  • ·Est. property taxes: $727/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $472/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,588/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 Utica, SC?

An FHA buyer in Utica, SC borrowing $212,727 (with 3.5% down on a median $220,443 home) pays an upfront mortgage insurance premium (MIP) of $3,723 — 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 $216,450.

How much is the monthly FHA mortgage insurance in Utica, SC?

For a typical FHA loan in Utica, SC with a base loan amount of $212,727, the annual MIP rate is 0.55% — adding approximately $97/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 Utica, SC?

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 Utica, SC putting 3.5% down, this means ongoing monthly MIP payments of approximately $97/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 Utica, SC?

The 2025 FHA loan limit for Utica, SC is $541,287 for a 1-unit property. A typical buyer purchasing the median-priced home here (approximately $220,443) with 3.5% down would have a base loan amount of approximately $212,727, 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 Utica, SC?

Beyond principal and interest, FHA buyers in Utica, SC with a median $220,443 home can expect approximately $727/yr in property taxes, $472/yr for homeowners insurance, $2,588/yr in energy utilities, and $97/mo in FHA mortgage insurance (MIP). Together, these non-P&I costs add approximately $413/month to the required payment in Utica, SC.