FHA Loan Calculator

Estimate payments for an FHA loan with Mortgage Insurance Premium (MIP).

Home Price ($)

Down Payment (%)

Interest Rate (%)

Term (Years)

Total Monthly Payment

Includes MIP

What is this Online FHA Loan Calculator for?

The FHA Loan Calculator estimates monthly payments for loans backed by the Federal Housing Administration. These loans are popular for first-time buyers because they allow for low down payments (as low as 3.5%).

It specifically accounts for the Mortgage Insurance Premium (MIP), which is unique to FHA loans.

How does it work?

It adds the Upfront MIP (1.75%) to your loan balance and calculates the monthly Principal & Interest. Then, it adds the Annual MIP (estimated at 0.85%) to your monthly payment to give a realistic total.