FHA Loan Calculator
Fee and eligibility details are subject to current FHA rules. This does not mean you qualify.
Published by the Mortgage Guide editorial team. Rate assumptions and content updated October 2026. This page is educational. It is not a loan offer, approval, or personalized financial advice.
How this calculator works
- The base loan is the price minus your down payment.
- Upfront MIP is modeled at 1.75% of the base loan and can be financed.
- The annual MIP rate depends on term, loan size, and loan-to-value using the 2023-05 schedule.
- The first-month MIP estimate applies that annual rate to the financed amount.
Confirm the MIP before you treat it as a payment
HUD sets mortgage insurance premiums and can change them. The rates here are the schedule in Mortgagee Letter 2023-05, including the $726,200 loan-amount split used in that letter. That figure is not a claim about this year's conforming limit.
FHA also has mortgage limits, property rules, and credit standards. A down payment under 3.5% is flagged because that is a common minimum for eligible borrowers, not because this site can approve a loan.
Sources
Common questions
Is FHA mortgage insurance the same as PMI?
No. FHA uses MIP, with an upfront premium and an annual premium. Conventional PMI is a different product and is modeled on the PMI calculator.
Can everyone use an FHA loan?
No. The property, the borrower, and the loan amount have to meet current FHA rules.
Related calculators
- VA Loan Calculator
Estimate a VA principal-and-interest payment and funding fee. The fee is waived in the model only if you mark an exemption.
- USDA Loan Calculator
Estimate a USDA guaranteed loan payment using planning assumptions of a 1% upfront fee and a 0.35% annual fee.
- Mortgage Payment Calculator
Estimate a US mortgage payment with principal, interest, taxes, insurance, HOA, and PMI. See the payoff date and amortization schedule.
Longer guides on these topics are linked from the guides library.