Calculate your monthly FHA loan payment, including upfront and annual mortgage insurance premium (MIP).
Total loan amount (incl. upfront MIP)—USD
Principal & interest—USD
Monthly MIP—USD
Total monthly payment—USD
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About the FHA Loan Calculator
FHA loans allow down payments as low as 3.5%, but require mortgage insurance premium (MIP) — both an upfront charge rolled into the loan and an ongoing annual premium paid monthly — to protect the lender.
Formula: Loan Amount = (Home Price − Down Payment) + Upfront MIP · Monthly MIP = (Loan Amount × Annual MIP Rate) ÷ 12, added to the standard principal and interest payment.
Unlike conventional PMI, FHA's annual MIP often can't be removed once loan-to-value drops below 80% (for loans with less than 10% down), typically requiring a refinance into a conventional loan to eliminate it.