Financial Calculators
FHA Loan Calculator
Estimate an FHA mortgage payment with insurance.
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Enter details
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Result
Monthly payment (P&I + MIP)
$1,962.52
Principal & interest
$1,829.84
Monthly mortgage insurance
$132.69
About the FHA Loan Calculator
FHA loans let you buy with as little as 3.5% down, but they carry a monthly mortgage insurance premium (MIP). Enter the home price, down payment percentage, interest rate, and term to see your total monthly payment split into principal & interest and MIP. It's the realistic payment first-time buyers should plan around when comparing FHA to a conventional loan.
How to use the FHA Loan Calculator
- 1Enter your home price, down payment %, interest rate, and term.
- 2Read the result instantly — it recalculates as you type.
- 3Adjust the numbers to model different scenarios.
Frequently asked questions
What is FHA MIP?
A mortgage insurance premium FHA charges to protect the lender. It adds to your monthly payment and, unlike conventional PMI, often stays for the life of the loan.
How much down for an FHA loan?
As little as 3.5% with a qualifying credit score. A larger down payment lowers the loan and the monthly payment.