FHA Loan Calculator
Monthly payment = P&I + Monthly MIP; MIP = Loan × Annual MIP rate ÷ 12Loan=$289,500+$5,066 MIP=$294,566; P&I≈$1,767; monthly MIP≈$209; total≈$1,976
Free online tool
FHA Loan Calculator
Enter home price, down payment, interest rate and FHA mortgage insurance details.
Instant calculation
FHA Loan Calculator
Enter home price, down payment, interest rate and FHA mortgage insurance details.
Your result
Calculation
Your numbers stay in this browser. Nothing is uploaded or saved.
Three clear steps
How to use this calculator
- 01
Enter home price
Type the purchase price of the home.
- 02
Enter down payment
Type your down payment (minimum 3.5%).
- 03
Enter MIP details
Provide the upfront MIP percentage and annual MIP rate.
The formula
How this calculation works
FHA loans require both upfront and annual mortgage insurance premiums (MIP).
Check the method
Worked examples
Each example follows the same formula used by the calculator.
$300,000 FHA, 3.5% down, 6% rate, 30yr, 1.75% upfront, 0.85% annual MIP — payment?
Loan=$289,500+$5,066 MIP=$294,566; P&I≈$1,767; monthly MIP≈$209; total≈$1,976≈ $1,976/monthCommon questions
Questions about this calculation
What is the FHA Loan Calculator?
The FHA Loan Calculator helps you calculate monthly payments for an FHA loan including MIP. Enter your values and select Calculate to get an instant result.
How is the result calculated?
FHA loans require both upfront and annual mortgage insurance premiums (MIP).
Can you show an example?
Example: $300,000 FHA, 3.5% down, 6% rate, 30yr, 1.75% upfront, 0.85% annual MIP — payment? — ≈ $1,976/month.
Is my data saved when I use the FHA Loan Calculator?
No. All calculations run locally in your browser. Your inputs and results are never uploaded, stored or shared with anyone.
Is the FHA Loan Calculator free to use?
Yes. The FHA Loan Calculator is completely free. No account, sign-up or payment is required. It works on mobile, tablet and desktop.
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