The FHA Loan Calculator
Estimate your monthly FHA mortgage payments, including mandatory mortgage insurance.
Input your parameters to generate the FHA Loan Calculator results.
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
To use the calculator, enter key financial details such as the home price, down payment amount (minimum 3.5% for FHA), loan term, and interest rate.
The tool then calculates your monthly mortgage payment, including principal, interest, taxes, and both upfront and ongoing mortgage insurance premiums (UFMIP and MIP).
For example, if you’re purchasing a $350,000 home with a 3.5% down payment, the calculator will estimate the FHA loan amount, add the required UFMIP (typically 1.75% of the base loan), and spread the annual MIP over your monthly payments. This provides a clear, all-inclusive estimate of what you’ll owe each month.
Frequently Asked Questions
It typically includes principal, interest, property taxes, homeowners insurance, and both upfront and monthly mortgage insurance premiums (UFMIP & MIP).
UFMIP is usually 1.75% of the base loan amount and can be rolled into the loan or paid at closing.
Most FHA lenders accept credit scores as low as 580 with 3.5% down. Some may go lower with a higher down payment.
Absolutely. Use it to understand the added cost of FHA insurance premiums and compare total monthly payments to similar conventional loan terms.
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