FHA Loan Calculator

This prices an FHA-style payment, including mortgage insurance from a labeled HUD schedule. It does not mean FHA, or any lender, will take the loan.

Written for Equidwell and last checked in October 2026. We build the calculators on this site. We are not a lender, and this page is not advice for your loan.

Upfront mortgage insurance is modeled at 1.75%. The annual rate follows HUD Mortgagee Letter 2023-05. Confirm the MIP that applies to a new FHA case number. A 3.5% down payment is a common FHA minimum for eligible borrowers, not a guarantee that you qualify.

Home price

Down payment

Note rate

Example rate, not a live quote.

Term in years

Finance the upfront MIP

Base loan: $337,750.00
Upfront MIP: $5,910.63
Amount financed: $343,660.63
Annual MIP rate used: 0.55%
Principal and interest: $2,172.17
First-month MIP estimate: $157.51
First-month total: $2,329.68

Eligibility, mortgage limits, and the MIP schedule depend on current FHA rules.

How this calculator works

The base loan is the price minus your down payment.
Upfront MIP is modeled at 1.75% of the base loan and can be financed.
The annual MIP rate depends on term, loan size, and loan-to-value using the 2023-05 schedule.
The first-month MIP estimate applies that annual rate to the financed amount.

Confirm the MIP before you treat it as a payment

HUD sets these premiums and can change them. The rates here follow Mortgagee Letter 2023-05, including the $726,200 split in that letter. That figure is from the letter. It is not a claim about this year's loan limit.

FHA still has limits, property rules, and credit standards. A down payment under 3.5% is flagged because that is a common minimum, not because this page can approve anyone.

Sources

Common questions

Is FHA mortgage insurance the same as PMI?

No. FHA uses MIP, with an upfront premium and an annual premium. Conventional PMI is a different product and is modeled on the PMI calculator.

Can everyone use an FHA loan?

No. The property, the borrower, and the loan amount have to meet current FHA rules.

VA Loan Calculator
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Mortgage Payment Calculator
Estimate a US mortgage payment with principal, interest, taxes, insurance, HOA, and PMI. See the payoff date and amortization schedule.

Longer guides on these topics are linked from the guides library.