FHA Loan Payment Calculator
Calculate FHA loan payments including upfront and annual mortgage insurance premiums (MIP). See if FHA is right for you with as little as 3.5% down.
How This Calculator Works
Calculation methodology and assumptions
FHA loans are government-backed mortgages requiring as little as 3.5% down payment. This calculator includes the upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, which is typically financed into the loan, and the annual MIP of 0.55% for loans over 95% LTV. MIP is required for the life of the loan if you put less than 10% down.
Frequently Asked Questions
What is an FHA loan?
An FHA loan is a mortgage insured by the Federal Housing Administration. It allows lower down payments (3.5%) and more lenient credit requirements than conventional loans, making homeownership more accessible.
What are FHA loan limits?
FHA loan limits vary by county. In 2026, the floor is $524,225 and the ceiling is $1,149,825 for high-cost areas. Check HUD for your county-specific limit.