FHA Loan Calculator
Calculate FHA mortgage payment including the upfront mortgage insurance premium (UFMIP) and the annual mortgage insurance premium (MIP) that FHA loans require.
How to use the FHA Loan Calculator
- Enter your inputs into the FHA Loan Calculator above.
- Results update instantly as you type — no submit button needed.
- Adjust any value to see how the result changes in real time.
The FHA payment math
Loan amount = Base loan × (1 + UFMIP%) · · · Monthly = P&I + Property tax + Insurance + (Loan × annual MIP / 12)
UFMIP is 1.75% of the base loan, typically rolled into the loan. Annual MIP runs 0.45–1.05% of the loan balance and is paid monthly. For loans with less than 10% down, MIP lasts the entire loan term.
Worked example
$250,000 home, 3.5% down: base loan $241,250 + UFMIP $4,222 = total loan $245,472. At 6.5% APR over 30 years: P&I $1,551. Annual MIP 0.55%: $112/month. Total housing payment with $300 tax and $100 insurance: about $2,063/month.
Frequently asked questions
When does FHA mortgage insurance end?
For loans with 10%+ down, MIP can be canceled after 11 years. For loans below 10% down (most FHA borrowers), MIP lasts the life of the loan — meaning a refinance to a conventional loan is the common path to remove it.
Can I get an FHA loan after bankruptcy?
Generally yes, after a 2-year waiting period from a Chapter 7 discharge or 1 year of Chapter 13 payments with court approval. Specific lenders may have stricter requirements.
What are FHA loan limits?
In 2026, FHA loan limits range from $498,257 in low-cost areas to $1,149,825 in high-cost areas. Limits adjust annually with home price changes.