FHA Loan Calculator
Estimate your FHA monthly mortgage payment including principal, interest, property tax, home insurance, upfront MIP, annual MIP, and HOA fees.
FHA Loan Details
This FHA loan calculator is for estimates only. Actual FHA loan costs, MIP, taxes, insurance, lender fees, and approval rules may vary.
Enter values and click Calculate FHA Loan.
Monthly Payment Breakdown
Principal & Interest$0.00
FHA MIP$0.00
Taxes & Insurance$0.00
HOA$0.00
FHA Loan Summary
| Home price | $0.00 |
| Down payment | $0.00 |
| Down payment percentage | 0% |
| Loan-to-value ratio | 0% |
| Upfront MIP financed | Yes |
| Estimated total interest | $0.00 |
| Estimated total FHA MIP | $0.00 |
| Estimated total of monthly payments | $0.00 |
| Status | — |
FHA Loan Calculator: Estimate FHA Payment, MIP, Taxes, and Insurance
Use this guide with the FHA loan calculator above to estimate your monthly FHA mortgage payment, upfront mortgage insurance premium, monthly MIP, property taxes, homeowners insurance, HOA fees, cash needed, and total loan cost.
What Is an FHA Loan Calculator?
An FHA loan calculator is a mortgage payment tool designed for loans insured by the Federal Housing Administration. It estimates the monthly payment by combining principal, interest, FHA mortgage insurance, property taxes, homeowners insurance, and other housing costs.
FHA loans can be useful for buyers who want a lower down payment option, but the full monthly cost should include FHA mortgage insurance premium, not just principal and interest.
How to Use This FHA Loan Calculator
Enter the home price, down payment, interest rate, loan term, upfront MIP rate, annual MIP rate, property taxes, insurance, HOA fees, closing costs, and prepaid escrow costs.
Enter Home Price
Add the purchase price of the home you want to buy.
Add Down Payment
Enter your estimated FHA down payment amount to calculate the base loan.
Include FHA MIP
Add upfront MIP and annual MIP rates to estimate FHA mortgage insurance cost.
Review Monthly Payment
See principal, interest, MIP, taxes, insurance, HOA, and cash needed estimate.
FHA Monthly Payment Formula
A simple FHA mortgage payment estimate uses this structure:
If the upfront MIP is financed, it is added to the loan amount. If it is paid upfront, it increases estimated cash needed at closing instead.
What This FHA Loan Calculator Shows
This calculator gives a practical FHA mortgage estimate using common home loan cost factors.
Total Monthly Payment
The estimated monthly cost including principal, interest, MIP, taxes, insurance, and HOA.
Principal and Interest
The mortgage payment portion based on loan amount, interest rate, and loan term.
Upfront MIP
The estimated FHA upfront mortgage insurance premium based on the base loan amount.
Monthly FHA MIP
The estimated monthly mortgage insurance premium based on the annual MIP rate.
Cash Needed Estimate
The estimated down payment, closing costs, prepaids, and upfront MIP if not financed.
Estimated LTV
The base loan amount compared with the home price, shown as a percentage.
FHA Loan Example
Suppose a home costs $350,000 and the buyer makes a 3.5% down payment. The base FHA loan would be the home price minus the down payment.
The calculator then estimates upfront MIP, total FHA loan amount if MIP is financed, monthly principal and interest, monthly MIP, property taxes, insurance, HOA, and estimated cash needed.
FHA MIP vs. Conventional PMI
FHA loans use mortgage insurance premium, often called MIP. Conventional loans may use private mortgage insurance, often called PMI. These are not the same, and they may have different costs, cancellation rules, and lender requirements.
FHA MIP can include both an upfront premium and a monthly premium, so it is important to include both when estimating the real monthly cost of an FHA loan.
Why FHA Payment Estimates Matter
Many buyers look only at the home price or interest rate, but an FHA payment can include several monthly costs. Taxes, homeowners insurance, HOA fees, upfront MIP, and monthly MIP can all affect affordability.
A full FHA payment estimate can help buyers compare homes, plan a budget, and prepare for lender conversations.
FHA Loan Planning Tips
Related Calculators and Trusted FHA Resources
Continue planning with related mortgage calculators and trusted educational resources about FHA loans, mortgage insurance, affordability, and home buying.
Mortgage Calculator
Estimate monthly mortgage payment, taxes, insurance, PMI, and total cost.
Open Tool → Internal ToolHouse Affordability Calculator
Estimate the maximum home price you may be able to afford.
Open Tool → Internal ToolDebt-to-Income Ratio Calculator
Check how monthly debt compares with gross monthly income.
Open Tool → Internal ToolAmortization Calculator
See how principal and interest change over the loan term.
Open Tool →Learn More From Official FHA and Housing Sources
These external resources are provided for educational purposes and open in a new tab.
FHA Home Loans
Review FHA home loan information from HUD.
Visit HUD → HUDUpfront MIP
Learn about FHA upfront mortgage insurance premium.
Visit HUD → CFPBLoan Options
Compare mortgage loan types and borrower options.
Visit CFPB → HUDBuying a Home
Explore home buying resources from HUD.
Visit HUD →Frequently Asked Questions
What is an FHA loan calculator?
An FHA loan calculator estimates monthly FHA mortgage payment including principal, interest, upfront MIP, monthly MIP, taxes, insurance, and HOA fees.
What is FHA upfront MIP?
FHA upfront MIP is a mortgage insurance premium charged near loan closing. It may be paid upfront or rolled into the FHA loan amount, depending on lender and borrower choices.
What is FHA annual MIP?
FHA annual MIP is an ongoing mortgage insurance premium usually divided into monthly payments and added to the borrower’s monthly mortgage payment.
Does this calculator include taxes and insurance?
Yes. This calculator includes annual property taxes, annual homeowners insurance, and monthly HOA fees to estimate a more complete monthly housing payment.
Can this calculator guarantee FHA loan approval?
No. It provides estimates only. FHA loan approval may depend on credit score, income, debt-to-income ratio, property eligibility, loan limits, lender rules, and FHA guidelines.
Important Disclaimer
This FHA loan calculator is for educational and informational purposes only. It does not provide financial, mortgage, tax, legal, or real estate advice. FHA rates, MIP rules, loan limits, insurance costs, taxes, fees, and eligibility requirements can change. Always verify details with an FHA-approved lender or official HUD resources.