FHA Loan Calculator

Calculate FHA loan payments including mortgage insurance premiums (MIP).

Property & Loan Details

Home Price$350,000

$50,000$1,000,000

Down Payment3.5% ($12,250)

3.5% ($12,250)25.0% ($87,500)

Interest Rate6.500%

0.000%15.000%

Loan Term

Additional Costs

Property Tax (yearly)

Home Insurance (yearly)

Credit Score620

500850

You qualify for FHA financing! Your upfront MIP of $5,910.63 (1.75%) will be added to your loan. Annual MIP of 0.55% adds $154.8/month.

FHA Loan Details

Base Loan Amount$337,750

Upfront MIP (1.75%)$5,910.63Added to loan

Total Loan Amount$343,660.63Including upfront MIP

Loan-to-Value (LTV)96.5%

Monthly Payment Breakdown

Principal & Interest$2,172.17

Monthly MIP$154.80.55% annual rate

Property Tax$350

Home Insurance$116.67

FHA Requirements

Minimum Credit Score580+ (3.5% down)

Minimum Down Payment3.5% required

MIP DurationLife of loan

Monthly Payment

Total FHA payment

$2,793.64

per month

Payment Breakdown

Principal & Interest

$2,172.17

MIP (Insurance)

$154.8

Property Tax

$350

Home Insurance

$116.67

Total Loan Cost

Principal

$343,660.63

Interest

$438,320.19

Total MIP

$61,639.38

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Disclaimer

This calculator is provided for informational purposes only. Results are estimates based on the information you provide. Always consult with a qualified financial professional before making important financial decisions.