FHA Loan Calculator

FHA loans allow low down payments but add mortgage insurance: an upfront premium financed into the loan, plus a monthly premium. This estimates your full payment.

Your details

Home price$Down payment%FHA minimum is 3.5%.Interest rate%Loan term

Monthly payment

$1,996.87

Principal & interest: $1,861.86
Monthly MIP: $135.01
Upfront MIP (financed): $5,066.25

P&I vs MIP

Principal & interest: $1,861.8693%
Monthly MIP: $135.017%

Monthly payment$1,996.87

Formula

Base loan = price × (1 − down%). Upfront MIP (1.75%) is added to the loan; monthly MIP is 0.55%/yr of the loan. Payment = P&I + monthly MIP.

Sources & methodology

Uses typical FHA MIP rates (1.75% upfront, 0.55% annual). Actual MIP varies by loan term, LTV, and amount — verify current HUD rates.

•HUD — FHA mortgage insurance premiums — HUD

Last updated: 2026-07-20

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