Estimate your monthly FHA mortgage payment including principal and interest, mortgage insurance premiums, property taxes, and homeowners insurance. See how down payment, interest rate, and MIP impact your budget.
Purchase price of the property
Minimum FHA down payment is typically 3.5%
Most FHA borrowers choose a 30-year fixed-rate mortgage
Annual percentage rate for your FHA mortgage
Annual property tax rate as a percent of home value
Annual premium for your homeowner's insurance policy
Optional: add monthly homeowners association fees
Standard FHA upfront mortgage insurance premium
Typical annual mortgage insurance rate for <= 30-year FHA loans
Estimated Monthly Payment
$0.00
Includes principal & interest, FHA mortgage insurance, property taxes, insurance, and HOA fees.
Principal & Interest
$0.00
Monthly FHA MIP
$0.00
Taxes & Insurance
Taxes: $0.00 | Insurance: $0.00
HOA Fees
$0.00
FHA loans have unique requirements compared to conventional mortgages. This calculator estimates:
Adjust the assumptions to match lender quotes for a personalized estimate.
FHA loans require two types of mortgage insurance premiums:
This one-time premium equals 1.75% of your base loan amount. Most borrowers finance this cost, increasing the total loan balance slightly.
The ongoing annual premium (often 0.55% to 0.75%) is divided into monthly payments. It depends on your loan term, down payment, and loan size.
You can cancel FHA MIP once your loan meets certain criteria or by refinancing into a conventional mortgage when you reach 20% equity.
✔ Minimum credit score of 580 for 3.5% down (10% down required for 500-579).
✔ Debt-to-income (DTI) ratio generally below 43%, though compensating factors may allow higher.
✔ FHA loan limits apply by county (check your local limits via HUD).
✔ The home must be your primary residence and pass FHA appraisal standards.
Use our FHA loan calculator to understand total monthly costs before making an offer. Adjust the inputs to compare scenarios and share results with your lender or real estate agent.
