FHA Loan Calculator

Monthly payment for an FHA loan, including upfront MIP financed into the loan and monthly MIP. Results update as you type.

Home price

Down payment (%)

Interest rate (annual %)

Loan term (years)

Upfront MIP (%)

Annual MIP (%)

Start date

Total monthly payment

$0.00

Cost breakdown

Amortization schedule

How this calculator works

Enter the home price and down payment percentage. The base loan is the price minus the down payment. Upfront MIP is added to the base loan, and the monthly payment is the principal and interest on that total loan plus one twelfth of the annual MIP.

Results are estimates for education only and are not financial advice.

How does FHA MIP work?

FHA charges an upfront MIP, usually 1.75% of the base loan, which is most often financed into the loan, plus an annual MIP charged monthly. With less than 10% down, annual MIP typically lasts for the life of the loan.