FHA Loan Calculator

An FHA loan is famous for the 3.5% down payment, but the real monthly cost hides in two kinds of mortgage insurance: a 1.75% upfront premium (UFMIP) and an annual MIP you pay every month. Enter your home price, down payment and rate to see the full FHA payment — principal, interest, both MIP layers and your total cost over the loan.

Tool Features

• Base loan and the 1.75% upfront MIP added to the balance
• Monthly principal & interest on the financed amount
• Monthly MIP from your annual rate
• Total monthly payment with optional tax and insurance
• Total MIP, total interest and total cost over the term

Common Usage

• See the true FHA payment before you shop
• Compare FHA vs a conventional loan at 5% or 20% down
• Find the break-even on dropping MIP by refinancing later
• Test how a bigger down payment lowers MIP and payment