WiseCalc

FHA Loan Calculator

Estimate first-year FHA housing payments with modeled upfront and scheduled annual MIP, plus entered property tax and insurance; no approval or HOA estimate.

A modeled standard FHA purchase

A modeled standard FHA purchase

This standard forward-purchase scenario assumes eligibility for maximum financing and at least a 3.5% down payment. Entered home price stands in for adjusted value. It does not assess credit, debt-to-income, appraisal, county loan limits or lender approval. The 1.75% upfront MIP is financed; the resulting mortgage is rounded down to whole dollars, with the remainder payable at closing.

The displayed housing payment uses first-year monthly MIP plus principal and interest, entered constant property tax and home insurance. Annual MIP uses the published original-schedule average-balance method and the $726,200 base-loan tier; that tier is not a county loan limit. MIP duration depends on original LTV and term. Rates are fixed scenario inputs, not current lender quotes. Totals exclude down payment, closing costs, the rounding remainder and HOA.

FHA Loan Inputs

$
$50,000$1,000,000
$
$0$150,000
%
2%15%
years
10 years30 years
$
$0$20,000
$
$0$10,000

Illustrative standard FHA purchase estimate, not eligibility or an approved quote. Supports down payments of at least 3.5%. Assumes credit score of at least 580 and adjusted value equal to the entered price; appraisal, county loan limits and other eligibility rules are not checked. Finances the 1.75% upfront MIP, with the total mortgage rounded down to whole dollars and the remainder paid at closing. Annual MIP uses the original amortization schedule, changes each year and ends at the earlier of 11 years or loan maturity when original LTV is at most 90%, otherwise at loan maturity. Monthly MIP and housing payment shown are for the first amortization year. Taxes and home insurance stay constant. Total payments includes P&I, scheduled MIP and entered taxes/insurance; excludes down payment, closing costs, the rounding remainder and HOA. Fixed rate, monthly payments, no extra payments. This approximation rounds nominal P&I and monthly interest to cents and adjusts the final installment. Actual lender schedules and escrow payments can differ. Interest posting uses the retained decimal rate. Estimates close to an unresolved regular-payment half cent are unavailable. Official program terms · HUD MIP

Results

Monthly Payment
$2,327.21
Upfront MIP
$5,066.25
Monthly MIP
$132.02
Total Interest Paid
$375,700.91
Total Payments
$821,510.59

Financed mortgage: $294,566.00. Annual MIP rate: 0.55%; duration: 30 years. Scheduled total MIP: $31,243.68. Cash rounding remainder: $0.25.

Monthly Payment Breakdown

A modeled standard FHA purchase

This standard forward-purchase scenario assumes eligibility for maximum financing and at least a 3.5% down payment. Entered home price stands in for adjusted value. It does not assess credit, debt-to-income, appraisal, county loan limits or lender approval. The 1.75% upfront MIP is financed; the resulting mortgage is rounded down to whole dollars, with the remainder payable at closing.

1

Start with price, down payment, and term

Enter the home price, your down payment amount, and the loan term to estimate the base FHA mortgage amount.

2

Add the full housing costs

Enter the interest rate, annual property taxes, and annual homeowners insurance. Budget any HOA dues separately; they are not included in this estimate.

3

Review calculated FHA mortgage insurance

Review the automatically calculated upfront MIP and first-year monthly MIP. The estimate uses your loan amount, down payment, and term; scheduled MIP changes over time. These premiums are calculated, not entered as inputs.

4

Change the down payment

Adjust the down payment to see how putting more down changes your loan balance, monthly payment, and insurance costs.

5

Use the result for comparison shopping

Use the results to compare affordability before you shop, especially if you are a first-time buyer or have limited savings.

Related Guides

Helpful articles and resources related to this calculator.

How Much House Can You Afford in the U.S.? A Practical Guide

This standard forward-purchase scenario assumes eligibility for maximum financing and at least a 3.5% down payment. Entered home price stands in for adjusted value. It does not assess credit, debt-to-income, appraisal, county loan limits or lender approval. The 1.75% upfront MIP is financed; the resulting mortgage is rounded down to whole dollars, with the remainder payable at closing.

Complete Guide to Mortgage Payments in 2026

This standard forward-purchase scenario assumes eligibility for maximum financing and at least a 3.5% down payment. Entered home price stands in for adjusted value. It does not assess credit, debt-to-income, appraisal, county loan limits or lender approval. The 1.75% upfront MIP is financed; the resulting mortgage is rounded down to whole dollars, with the remainder payable at closing.

Understanding Amortization: A Visual Guide

This standard forward-purchase scenario assumes eligibility for maximum financing and at least a 3.5% down payment. Entered home price stands in for adjusted value. It does not assess credit, debt-to-income, appraisal, county loan limits or lender approval. The 1.75% upfront MIP is financed; the resulting mortgage is rounded down to whole dollars, with the remainder payable at closing.

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Mortgage Payment Calculator

This standard forward-purchase scenario assumes eligibility for maximum financing and at least a 3.5% down payment. Entered home price stands in for adjusted value. It does not assess credit, debt-to-income, appraisal, county loan limits or lender approval. The 1.75% upfront MIP is financed; the resulting mortgage is rounded down to whole dollars, with the remainder payable at closing.

House Affordability Calculator

This standard forward-purchase scenario assumes eligibility for maximum financing and at least a 3.5% down payment. Entered home price stands in for adjusted value. It does not assess credit, debt-to-income, appraisal, county loan limits or lender approval. The 1.75% upfront MIP is financed; the resulting mortgage is rounded down to whole dollars, with the remainder payable at closing.

Down Payment Calculator

This standard forward-purchase scenario assumes eligibility for maximum financing and at least a 3.5% down payment. Entered home price stands in for adjusted value. It does not assess credit, debt-to-income, appraisal, county loan limits or lender approval. The 1.75% upfront MIP is financed; the resulting mortgage is rounded down to whole dollars, with the remainder payable at closing.

A modeled standard FHA purchase

The displayed housing payment uses first-year monthly MIP plus principal and interest, entered constant property tax and home insurance. Annual MIP uses the published original-schedule average-balance method and the $726,200 base-loan tier; that tier is not a county loan limit. MIP duration depends on original LTV and term. Rates are fixed scenario inputs, not current lender quotes. Totals exclude down payment, closing costs, the rounding remainder and HOA.

A modeled standard FHA purchase (1)

This standard forward-purchase scenario assumes eligibility for maximum financing and at least a 3.5% down payment. Entered home price stands in for adjusted value. It does not assess credit, debt-to-income, appraisal, county loan limits or lender approval. The 1.75% upfront MIP is financed; the resulting mortgage is rounded down to whole dollars, with the remainder payable at closing.

A modeled standard FHA purchase (2)

The displayed housing payment uses first-year monthly MIP plus principal and interest, entered constant property tax and home insurance. Annual MIP uses the published original-schedule average-balance method and the $726,200 base-loan tier; that tier is not a county loan limit. MIP duration depends on original LTV and term. Rates are fixed scenario inputs, not current lender quotes. Totals exclude down payment, closing costs, the rounding remainder and HOA.

Check your FHA affordability range

A modeled standard FHA purchase

This standard forward-purchase scenario assumes eligibility for maximum financing and at least a 3.5% down payment. Entered home price stands in for adjusted value. It does not assess credit, debt-to-income, appraisal, county loan limits or lender approval. The 1.75% upfront MIP is financed; the resulting mortgage is rounded down to whole dollars, with the remainder payable at closing.

The displayed housing payment uses first-year monthly MIP plus principal and interest, entered constant property tax and home insurance. Annual MIP uses the published original-schedule average-balance method and the $726,200 base-loan tier; that tier is not a county loan limit. MIP duration depends on original LTV and term. Rates are fixed scenario inputs, not current lender quotes. Totals exclude down payment, closing costs, the rounding remainder and HOA.

Frequently Asked Questions