FHA Loan Calculator
Home & Financing Details
FHA Loan Results
| House Price | — |
|---|---|
| Base Loan Amount | — |
| Upfront FHA MIP | — |
| Loan Amount with Upfront MIP | — |
| Down Payment | — |
| Monthly Principal & Interest | — |
| Monthly FHA MIP | — |
| Monthly Property Tax | — |
| Monthly Home Insurance | — |
| Monthly HOA Fee | — |
| Monthly Other Costs | — |
| Total Monthly Payment | — |
| Total of 360 Mortgage Payments | — |
| Total Interest | — |
Visual Breakdown
Enter values and press Calculate to see the loan breakdown pie chart and balance path line chart.
Understanding FHA Mortgages & Fees
An **FHA loan** is a government-backed mortgage insured by the Federal Housing Administration. FHA loans are designed for low-to-moderate-income borrowers, allowing down payments as low as **3.5%** with lower credit score thresholds.
FHA Mortgage Insurance Premium (MIP)
Unlike conventional loans where private mortgage insurance (PMI) drops off once you reach 20% equity, FHA mortgage insurance typically remains for the life of the loan. FHA loans require two premiums:
- **Upfront MIP (UFMIP):** A fee of **1.75%** of the base loan amount. This fee is automatically added (financed) into your total loan balance.
- **Annual MIP:** A monthly recurring fee. The annual rate is typically **0.55%** if your down payment is 5% or more, and **0.85%** if your down payment is less than 5% (for a standard 30-year term).
Disclaimer. This calculator is for informational purposes only. Actual MIP rates, down payment requirements, and loan limits may vary based on FHA county limits and current HUD regulations.