FHA Loan Calculator

Estimate monthly payment with P&I, Upfront MIP, Annual MIP, plus taxes, insurance, and HOA.

How to Use

  1. Enter the home price and your down payment (percent or dollars).
  2. Set interest rate and loan term.
  3. Enter MIP values you’re using (upfront and annual). These can change—verify for your case.
  4. Optionally add monthly taxes, insurance, and HOA for a full “payment” estimate.
  5. Use Share Link to generate a URL that restores your inputs.

This tool is an estimator and is not a loan offer. Exact FHA eligibility and MIP rules vary by scenario.

Monthly Payment Snapshot
Updates live as you type. Breakdown shown below.
Total / mo
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P&I / mo
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MIP / mo
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Loan amount
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Breakdown
P&I MIP Tax Ins HOA
Inputs & Settings
All values are editable. Use percent or dollars for down payment.
Purchase price (before any fees).
Choose percent or fixed dollar amount.
If percent: enter 3.5 for 3.5%.
Nominal annual rate used for P&I amortization.
Select the amortization term.
Percent applied to the base loan amount. Enter what your scenario uses.
If financed, it increases the total loan balance.
Annual rate (commonly charged monthly). Enter your case’s rate.
Optional. Enter 0 if unknown.
Optional. Enter 0 if unknown.
Optional. Enter 0 if none.
Show Work (step-by-step)
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Work is shown using standard amortization math and the MIP inputs you provide.

Reference

  • Base Loan = Home Price − Down Payment
  • Upfront MIP (UFMIP) = Base Loan × (Upfront MIP %)
  • Total Loan Balance = Base Loan (+ UFMIP if financed)
  • Monthly P&I uses standard fixed-rate amortization
  • Monthly MIP = (Base Loan × Annual MIP %) ÷ 12
  • Total Monthly Payment = P&I + Monthly MIP + Taxes + Insurance + HOA

Tip: If you only want the mortgage component, set taxes/insurance/HOA to 0.

Tool Info

Last updated:

Updates may include improved edge-case handling, clearer breakdowns, and better share/restore behavior.