The FHA Loan Calculator
Estimate your precise monthly FHA mortgage payments, including both mandatory upfront and annual mortgage insurance. Safely structure your government-backed loan for maximum financing efficiency.
Includes Principal, Interest, and monthly FHA MIP.
Result Data
How to Use This Calculator
Get accurate results in seconds by following these simple steps.
Enter the Home Price
Type the purchase price of the property you are considering.
Set Your Down Payment
FHA requires a minimum 3.5% down. Adjust the slider to see how more money down affects your payment.
Choose Rate & Term
Enter the current market interest rate and select a 15 or 30 year loan term.
Review Your Estimate
Hit Calculate to see your monthly PI, UFMIP, and ongoing MIP broken out clearly on the right panel.
Why Use This Tool?
Low Down Payment
FHA loans only require 3.5% down — one of the lowest thresholds available for first-time homebuyers.
Flexible Credit Requirements
Qualifying credit scores start at 580 — significantly more accessible than conventional 620+ thresholds.
Transparent MIP Breakdown
See exactly how much of your payment goes to mandatory FHA mortgage insurance, so there are no surprises at closing.
How the FHA Loan Calculator Works
Unlike conventional loans, FHA mortgages are actively insured by the Federal Housing Administration, altering how your monthly payment is structured.
To properly secure this government insurance, FHA requires two distinct types of mortgage insurance premiums.
The first is the Upfront Mortgage Insurance Premium (UFMIP), calculated perfectly at 1.75% of your base loan amount. This calculator accurately assumes you roll this fee directly into your total loan balance.
The second is the annual Mortgage Insurance Premium (MIP), which is typically 0.55% of the loan amount per year for standard 3.5% down, 30-year loans.
By accurately combining your base principal and interest with these explicitly required premiums, this calculator provides a fully loaded estimate.
Understanding this total payment is critical before submitting a purchase offer on a property.
Frequently Asked Questions
It includes your base principal, standard interest, property taxes, homeowners insurance, and the mandatory monthly mortgage insurance premium (MIP).
The UFMIP is currently standardized at 1.75% of the total base loan amount. Buyers typically roll this specific fee directly into their final loan balance.
Most certified FHA lenders accept credit scores solidly as low as 580 while allowing the minimum 3.5% down payment. Some specialized lenders go down to 500 if you provide a 10% down payment.
Under current HUD guidelines, if you put down less than 10%, your MIP strictly remains attached for the entire absolute life of the loan. You must formally refinance to remove it.
Absolutely. You can use it to deeply understand the added burden of FHA insurance premiums and compare total monthly loaded payments to purely similar conventional loan terms.
Absolutely not. FHA mortgages aggressively strictly require primary owner occupancy. You must securely reside in the property directly for at least one full calendar year before safely converting it into a formal dedicated rental.
Ready to make smarter financial decisions?
Explore our full suite of 50+ professional-grade mortgage and real-estate calculators.
Browse All ToolsExplore More Calculators
50+ free mortgage and real estate tools