FHA Loan Calculator

Estimate an FHA payment with 3.5% down and mortgage insurance.

Home price

Down payment

Note rate

Term (years)

Calculated Result

2,304.42

P&I 2,149.62 + MIP 154.8

Base loan

337,750

Financed MIP

5,911

Formula: Upfront MIP 1.75% financed · annual MIP 0.55%

About this calculator

FHA loans allow a small down payment and add MIP. This page uses common 1.75% upfront and 0.55% annual rates. Your lender’s MIP can differ.

Formula3.5% down + 1.75% upfront MIP + annual MIP on base loan

Base = price − down. Upfront MIP = 1.75% of base, usually financed. Monthly P&I on base+MIP plus annual MIP / 12.

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