FHA Loan Calculator
Enter loan amount, rate, term, and down payment %. We estimate P&I plus upfront MIP (typically 1.75%) and annual MIP (monthly).
FHA payment + MIP
Enter values to calculate.
How it works
P&I from standard formula. Upfront MIP = loan × 1.75% (one time). Annual MIP varies by LTV and term; we use a common rate (e.g. 0.55%) for monthly MIP estimate.
When to use it
Use it to compare FHA to conventional or to budget for FHA costs.
Frequently asked questions
When can I remove MIP?
For FHA loans after Jun 2013, often when LTV reaches 78% and 11 years have passed. Rules vary.
Same as PMI?
FHA uses MIP (mortgage insurance premium); conventional uses PMI. Both protect the lender.