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Webster FHA Mortgage Calculator

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

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Est. Total Monthly Cost
$2,779
P&I Payment$1,899
Taxes & Ins$576
Utilities$167
Also calculate:Conventional CalculatorVA Calculator

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Mortgage Details

$305,978
Local Median: $305,978
$10,709 (3.5%)
%

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

Local Area Costs

Mortgage Insurance (MIP)$138/mo
Upfront MIP (UFMIP) (financed)$5,167

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)
$10,709
3.5% of price
Upfront MIP (UFMIP)
$5,167
1.75% · financed into loan
Financed loan amount
$300,436
incl. UFMIP
Monthly$2,779

Monthly Breakdown

Principal & Interest
$1,899
Property Taxes
$517
Homeowners Ins.
$59
Mortgage Insurance (MIP)
$138
Utilities
$167

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$383,189

Local Housing Facts for Webster

  • ·Median home value: $305,978 (adjusted for current market conditions)
  • ·Est. property taxes: $6,199/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $712/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,003/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 Webster, NY?

An FHA buyer in Webster, NY borrowing $295,269 (with 3.5% down on a median $305,978 home) pays an upfront mortgage insurance premium (MIP) of $5,167 — 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 $300,436.

How much is the monthly FHA mortgage insurance in Webster, NY?

For a typical FHA loan in Webster, NY with a base loan amount of $295,269, the annual MIP rate is 0.55% — adding approximately $135/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 Webster, NY?

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 Webster, NY putting 3.5% down, this means ongoing monthly MIP payments of approximately $135/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 Webster, NY?

The 2025 FHA loan limit for Webster, NY is $541,287 for a 1-unit property. A typical buyer purchasing the median-priced home here (approximately $305,978) with 3.5% down would have a base loan amount of approximately $295,269, 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 Webster, NY?

Beyond principal and interest, FHA buyers in Webster, NY with a median $305,978 home can expect approximately $6,199/yr in property taxes, $712/yr for homeowners insurance, $2,003/yr in energy utilities, and $135/mo in FHA mortgage insurance (MIP). Together, these non-P&I costs add approximately $878/month to the required payment in Webster, NY.