Finance Tools
FHA Mortgage Calculator
Estimate your monthly FHA mortgage payment including principal, interest, and FHA mortgage insurance (MIP).
Estimate your FHA monthly payment, including principal, interest, and FHA mortgage insurance (MIP).
How to use this fha mortgage calculator
- Enter the home price you want to buy.
- Enter your down payment percentage. FHA loans typically allow as low as 3.5%.
- Enter the annual interest rate and loan term in years.
- Optionally adjust the upfront and annual MIP rates if you know your FHA terms.
- Click Calculate to see your estimated monthly payment including principal, interest, and mortgage insurance.
Example
For example, suppose you buy a $350,000 home with 3.5% down, a 6.25% interest rate, and a 30-year FHA loan. This calculator will show you:
- Your base FHA loan amount after the 3.5% down payment.
- Your adjusted loan amount including upfront MIP.
- Your estimated monthly principal and interest payment.
- Your estimated monthly FHA mortgage insurance, and the total monthly payment including MIP.
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