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2026-09-14T00:00:00|6.968|0.023|6.274|0.035|6.725|-0.009|6.623|0.032||

FHA Calculator: Estimate Your FHA Loan Payment

Calculate your estimated FHA mortgage payment including upfront mortgage insurance, annual MIP, property taxes, insurance, HOA fees, and principal and interest.

FHA Mortgage Calculator

ZIP: —

Home Price

Down Payment (%)

Loan Term

Interest Rate (APR %) Editable estimate

ZIP Code Optional

Credit Score

Property Tax (monthly)

Homeowner's Insurance

HOA Fees

Upfront MIP (UFMIP %)

Finance Upfront MIP?

Annual MIP (%)

Estimated monthly payment

$0

Principal & Interest $0

Property Tax $0

Homeowner's Insurance $0

HOA Fees $0

FHA MIP (monthly) $0

Amortization Schedule (P&I)

What Is an FHA Loan?

FHA loans are mortgages insured by the Federal Housing Administration. They are commonly used by buyers who need a lower down payment or more flexible credit requirements. FHA financing normally includes upfront and annual mortgage insurance premiums.

FHA Loan Features

Low Down Payment

Eligible borrowers may qualify with a down payment as low as 3.5%.

Upfront MIP

The upfront mortgage insurance premium can often be financed into the loan.

Annual MIP

Annual mortgage insurance is normally divided into monthly payments.

Flexible Credit

FHA financing may be available to borrowers with lower credit scores.

FHA Loan Limits

Maximum loan amounts vary by county and property type.

DTI Flexibility

Higher DTI ratios may sometimes be accepted with compensating factors.

How to Use Our FHA Calculator

Enter Your FHA Loan Details

Home Price: Enter the property's purchase price.
Down Payment: Use at least the minimum that fits your credit profile.
Interest Rate: Enter your expected FHA mortgage rate.
Loan Term: Choose 15 or 30 years.
Credit Score: Use the closest available range.
Taxes and Insurance: Enter monthly estimates for the property.

FHA MIP Calculation

Monthly MIP = (Base Loan Amount × Annual MIP Rate) ÷ 12

FHA vs. Conventional: Which Is Better?

FHA financing can be attractive for buyers with limited savings or lower credit scores. Conventional financing may be cheaper over time for borrowers with stronger credit and larger down payments because private mortgage insurance may be removable. Compare the total monthly payment and long-term costs of both options.