FHA Loan Payment & Cost Estimator (U.S. Only)

Important: This calculator is for estimating potential loan costs for an FHA loan in the United States ONLY.

  • It uses general FHA Mortgage Insurance Premium (MIP) rates as defaults, but these can change and may vary based on your specific loan details and creditworthiness.
  • FHA loan limits vary by county and state; this tool does not check against these limits.
  • This is for informational and illustrative purposes only and is NOT financial advice, nor a guarantee of loan approval or terms.
  • Always consult directly with an FHA-approved lender and a qualified financial advisor for precise details and personalized advice.

General Information & Loan Setup

Min 3.5% for credit score 580+; Min 10% for 500-579. Affects LTV & MIP.
If filled, this overrides percentage.

Calculated LTV: 0.00%

Base mortgage rate, excludes MIP.

Property Taxes & Homeowner's Insurance (Annual Estimates)

FHA Mortgage Insurance Premium (MIP) Assumptions

Current standard UFMIP is typically 1.75%.
Commonly 0.55% for 30yr loans with LTV > 90%. Varies by LTV, term, and loan amount. Check current FHA guidelines. This calculator uses a simplified fixed monthly MIP payment based on this rate and the initial base loan amount.
This calculator provides estimates. Actual monthly payments, MIP rates, and MIP duration can vary based on final loan terms, FHA guidelines at the time of loan origination, loan amount tiers, and specific lender requirements. The Annual MIP is simplified as a fixed monthly amount; in reality, it's based on the average outstanding principal balance each year and can decrease slightly over time.
Scroll to Top