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Mortgage & Real Estate

FHA Loan Calculator

Estimate an FHA-style mortgage payment including an upfront insurance premium and annual mortgage insurance.

Best for: Estimate an FHA-style mortgage payment including financed upfront mortgage insurance and recurring housing costs.

Your assumptions

Calculate your estimate

Your result

FHA Loan estimate

Estimated monthly payment
$2,774.58
Principal and interest
$2,079.58
Taxes, insurance, and HOA
$695.00
Total interest over term
$410,900.54

How to use this fha loan calculator

Use this FHA loan calculator for a planning estimate that includes FHA-style mortgage insurance and recurring housing costs. Confirm current premiums, eligibility, loan limits, and lender calculations before relying on the result.

  1. 1

    Enter the purchase and down payment

    Use the expected home price and the cash available for the down payment before closing costs and reserves.

  2. 2

    Add financing and housing costs

    Enter the offered rate, term, property tax, insurance, HOA dues, and expected recurring mortgage insurance.

  3. 3

    Compare with another loan structure

    Compare the complete payment and upfront cash with a conventional mortgage scenario rather than comparing rates alone.

Worked planning example

Example: smaller down payment with mortgage insurance

Set up

Model a home purchase using the planned FHA down payment and current lender rate.

Compare

Compare the total monthly housing cost with a larger-down-payment mortgage while preserving the same taxes, insurance, and HOA assumptions.

Takeaway

A smaller down payment preserves cash but can increase the financed balance and recurring mortgage-insurance cost.

Verify FHA assumptions with current HUD and lender guidance

Premiums and qualification depend on case details that a simplified calculator cannot determine.

  • HUD’s current upfront MIP and annual MIP rules should be confirmed for the case.
  • Loan limits, property standards, credit, and debt ratios affect eligibility.
  • Keep closing costs and emergency reserves separate from the down payment.

Calculation methodology and assumptions

This planning estimate treats FHA mortgage insurance as a monthly housing cost. Confirm current premiums, loan limits, eligibility, and lender fees before applying.

Primary references

Frequently asked questions

Does this FHA calculator include upfront MIP?

It produces an FHA-style estimate that can include a financed upfront mortgage-insurance premium. Confirm the current rate and whether it will be financed with the lender.

How long does annual FHA mortgage insurance last?

Duration can depend on the loan term, original loan-to-value ratio, and case-assignment rules. Confirm the applicable HUD policy for the loan.

Is the result an FHA approval?

No. An approved lender must evaluate borrower eligibility, property requirements, credit, income, debt, and the current FHA program rules.

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