FHA Loan Calculator
Estimate your monthly FHA loan payment including the upfront mortgage insurance premium, annual MIP, property tax and homeowners insurance.
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About the FHA Loan Calculator
An FHA loan is a mortgage insured by the Federal Housing Administration, popular with first-time buyers because of low down payments (as little as 3.5%) and flexible credit rules. FHA charges an upfront mortgage insurance premium (1.75%) and an annual MIP paid monthly. This calculator includes both so you see the true payment.
How to use it
- Enter the home price, down payment percentage, rate and term.
- Add property tax and homeowners insurance.
- Press Calculate FHA loan to see the full monthly payment with MIP.
FHA mortgage insurance premiums
| Item | Typical amount |
|---|---|
| Upfront MIP | 1.75% of the base loan |
| Annual MIP, 30-year, LTV above 95% | 0.55% |
| Annual MIP, 30-year, LTV 95% or less | 0.50% |
| Duration with under 10% down | Life of the loan |
| Duration with 10% or more down | 11 years |
Rates apply to base loan amounts at or below the FHA limit that applies where you live and can change. Confirm with an FHA-approved lender.
FHA minimum requirements
- 3.5% down payment with a credit score of 580 or higher.
- 10% down with a credit score of 500 to 579.
- The home must be your primary residence and meet FHA property standards.
- Debt-to-income limits are generally more flexible than conventional loans.
Frequently asked questions
How much down payment does an FHA loan need?
3.5% with a credit score of 580 or higher, or 10% with a score from 500 to 579.
What is FHA MIP?
Mortgage insurance premium: an upfront 1.75% and an annual premium paid monthly. It protects the lender if you default.
Can I remove FHA mortgage insurance?
With 10% or more down it drops off after 11 years. With less than 10% down it generally lasts for the life of the loan unless you refinance.
Is FHA better than conventional?
FHA can be better with lower credit or a small down payment. Conventional loans can be cheaper if you have good credit and 5% or more down.
Are there FHA loan limits?
Yes, they vary by county. Check the current limit for your area.
Last reviewed: November 2026. Estimates only. FHA premiums and limits change; confirm with your lender.