Home Loans · Calculator

FHA Loan Calculator

Estimate FHA monthly payments, including upfront MIP financed into the loan and monthly MIP.

Home Loans · Calculator

Mortgage Snapshot

Rate

6.42%

P&I

$1.9k

LTV

78%

Trend · 12 mo▲ on track

PersonalizedUpdated today

Your inputs

Home price

Down payment %$12,250

Interest rate

Loan term

Upfront MIP %typical 1.75%

Annual MIP %typical 0.50–0.85%

ZIP code

Property taxes (yr)

Insurance (yr)

HOA (mo)

Your results

Estimated total monthly

$2,858.78

P&I

$2,229

MIP

$155

Tax

$350

Ins

$125

Base loan

$337,750

Upfront MIP (financed)

$5,911

1.75% of base

FHA loan amount

$343,661

Total interest

$458,771

30-year term

FHA loans are insured by HUD and are popular for buyers with limited down payment or lower credit scores. The upfront MIP is usually financed into the loan. Annual MIP is collected monthly and, for many FHA loans, remains for the life of the loan unless refinanced.

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Finance Choices calculators and simulators are for educational and informational purposes only. Results are estimates and may not reflect your actual loan terms, insurance premium, credit eligibility, interest rate, savings, repayment timeline, approval odds, or total cost. Finance Choices does not provide legal, tax, insurance, mortgage, or financial advice. Partner offers may vary based on credit profile, income, debt, location, property details, insurance history, lender criteria, underwriting guidelines, and other factors.