FHA Loan Calculator

This professional FHA loan calculator estimates your complete monthly payment (principal & interest, FHA UFMIP and annual MIP, property taxes, homeowners insurance, and HOA dues) so buyers and pros can plan with confidence.

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Results

Base loan amount
$0
Financed UFMIP
$0
Total loan amount
$0
Monthly payment
$0
Principal & Interest: $0
Monthly MIP: $0
Taxes + Insurance + HOA: $0

FHA mortgage insurance: UFMIP & annual MIP

FHA loans include an up-front premium (UFMIP, typically 1.75% of the base loan) which may be financed, and an annual MIP paid monthly. Rates depend on LTV, loan amount, and term.

Formulae

BaseLoan = Price − DownPayment
UFMIP = BaseLoan × 0.0175 (typical)
TotalLoan = BaseLoan + UFMIP
PI = r × TotalLoan / (1 − (1 + r)^(−n)), with r = APR/12, n = 12×Years
PITI = PI + MonthlyMIP + Tax/12 + Insurance/12 + HOA

Frequently asked questions

Is UFMIP always 1.75%?

That’s the common rate, but FHA policy can change; your lender’s disclosures govern.

Can I remove FHA MIP?

With sufficient principal reduction or refinance into a conventional loan, MIP can end; policy varies by case and LTV/term.

Minimum down payment?

Often 3.5% with qualifying credit; larger down payments lower MIP and payment.

Author: Ugo Candido. Reviewed by: Finance SME Team. Last updated: . Category: Finance › Mortgages.