FHA Loan Calculator
Find an FHA mortgage payment with the upfront and annual mortgage insurance premiums, tax and insurance.
Change the values and press Calculate to work out your own figures.
Enter the price, down payment, term and rate.
Show the working
- loan = base × (1 + upfront MIP)
- annual MIP = base × rate ÷ 12
How to use it
Enter the price, down payment, term and rate.
Enter amounts without commas or with them; rates are percentages (5 for 5%). Negative amounts are allowed where a sign means money paid out.
Key facts
loan = base × (1 + upfront MIP); annual MIP = base × rate ÷ 12 (base = price − down payment) minimum down payment 3.5%
MIP
With 10% or more down, annual MIP ends after 11 years; under 10% it lasts for the loan's life.
Questions
What is the payment on a $500,000 FHA loan with 3.5% down at 7.51%?
About $4,782 with MIP, 1.2% tax, $2,500 insurance and $5,000 other costs.
Formulas
loan = base × (1 + upfront MIP); annual MIP = base × rate ÷ 12 (base = price − down payment) minimum down payment 3.5%
Sources
Limitations
- Results are estimates for planning, not offers or financial advice; lenders and banks may round, count days or time payments differently.
- Rates are nominal annual rates compounded as you choose; payments at a different frequency use the equivalent periodic rate.