FHA Loan Calculator

Our FHA loan calculator helps you estimate monthly payments for an FHA-insured mortgage, including mortgage insurance premiums (MIP).

What is an FHA Loan?

FHA loans are government-backed mortgages insured by the Federal Housing Administration. They allow lower down payments (as low as 3.5%) and are easier to qualify for than conventional loans.

FHA Mortgage Insurance

• Upfront MIP: 1.75% of the loan amount, typically rolled into the loan
• Annual MIP: 0.85% of the loan amount (for typical loans), paid monthly

Example

Home Price: $300,000, Down Payment: $10,500 (3.5%), Interest: 6.5%, Term: 30 years
Monthly Payment: ~$1,911 (including MIP)