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FHA Mortgage Calculator

Calculate your monthly mortgage payments with taxes and insurance for a FHA home loan with this calculator.

Estimate your FHA Loan payment:

Your Estimated
Monthly Payment:

  • Principal & Interest
  • Taxes
  • Insurance
  • Annual MIP

Loan Totals:

  • Purchase Price
  • Down Payment
  • Upfront MIP
  • Total Loan Amount

Estimated Taxes & Insurance: Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.

Annual MIP The Annual MIP ranges from 0.45% to 1.05% depending on loan term, loan amount and down payment. However, for most FHA borrowers, the Annual MIP is 0.85% of the loan amount. The Annual MIP can last for the life of the loan, or be removed after 11 years if the original down payment is 10% or more.

Upfront MIP The Upfront MIP, sometimes referred to as the FHA funding fee, is 1.75% of the loan amount. This fee is due at closing and is typically financed into the entire loan amount to reduce out of pocket costs.

Amount Financed Purchase Price (-) Down Payment (+) Upfront MIP

Estimated Monthly Payment:
See Payment Breakdown