FHA Loan Calculator
Estimate the monthly payment for an FHA loan including upfront and annual Mortgage Insurance Premium (MIP).
Inputs
FHA minimum is 3.5% with credit 580+
Monthly payment (PITI + MIP)
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Principal + interest
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Monthly MIP
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Property tax escrow
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Upfront MIP (financed)
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About FHA Loan Calculator
When FHA makes sense
Lower down payment (3.5% vs 5-20%), credit scores from 580, more lenient debt-to-income. Best for first-time buyers with limited savings or imperfect credit.
MIP is forever
For loans with under 10% down, MIP lasts the life of the loan. To remove it, you must refinance into a conventional loan once you have 20% equity.
FHA loan limits
Vary by county. 2024 floor is $498,257 single-family in low-cost areas, ceiling $1,149,825 in high-cost areas. Check HUD.gov for your area.