🏡 FHA Loan Calculator
Calculate your FHA mortgage payment including upfront and annual mortgage insurance (MIP), property tax and insurance, and compare it with a conventional loan.
Quick answer: On a $350,000 home with 3.5% down at 6.25% for 30 years, an FHA loan is $343,660.63 including the $5,910.63 upfront MIP; the monthly payment is $2,770.78 – $2,115.98 principal and interest, $154.80 annual MIP (0.55%) and $500 tax and insurance.
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FHA Loan Calculator inputs
Result
FHA monthly payment
$2,770.78
$2,115.98 principal & interest + $154.80 MIP + $500.00 tax, insurance & HOA
| Down payment | $12,250.00 (3.5%) |
| Base loan amount | $337,750.00 |
| Upfront MIP (1.75%, financed) | $5,910.63 |
| Total FHA loan | $343,660.63 |
| Principal & interest | $2,115.98 |
| Annual MIP (0.55% a year) | $154.80 / month |
| Property tax, insurance & HOA | $500.00 / month |
- Loan-to-value
- 96.5%
- MIP lasts
- Life of the loan
- Conventional payment
- $2,803.69
- FHA saves per month
- $32.91
FHA vs. conventional loan
| FHA loan | Conventional loan | |
|---|---|---|
| Interest rate | 6.25% | 6.5% |
| Loan amount | $343,660.63 | $337,750.00 |
| Principal & interest | $2,115.98 | $2,134.81 |
| Mortgage insurance | $154.80 MIP | $168.88 PMI |
| Mortgage insurance lasts | 30 years | 11 years 10 months |
| Total monthly payment | $2,770.78 | $2,803.69 |
| Upfront mortgage insurance | $5,910.63 | $0.00 |
| Total mortgage insurance | $42,070.18 | $23,980.96 |
| Total interest | $418,089.65 | $430,781.56 |
MIP is estimated on the scheduled balance of the base loan; PMI is a flat percentage of the original loan until the balance reaches 78% of the price.
PrincipalInterest
Amortization schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $4,027.04 | $21,364.72 | $339,633.59 |
| 2 | $4,286.06 | $21,105.70 | $335,347.53 |
| 3 | $4,561.74 | $20,830.02 | $330,785.79 |
| 4 | $4,855.15 | $20,536.61 | $325,930.64 |
| 5 | $5,167.45 | $20,224.31 | $320,763.19 |
| 6 | $5,499.84 | $19,891.92 | $315,263.35 |
| 7 | $5,853.61 | $19,538.15 | $309,409.74 |
| 8 | $6,230.11 | $19,161.65 | $303,179.63 |
| 9 | $6,630.84 | $18,760.92 | $296,548.79 |
| 10 | $7,057.35 | $18,334.41 | $289,491.44 |
| 11 | $7,511.28 | $17,880.48 | $281,980.16 |
| 12 | $7,994.43 | $17,397.33 | $273,985.73 |
| 13 | $8,508.66 | $16,883.10 | $265,477.07 |
| 14 | $9,055.93 | $16,335.83 | $256,421.14 |
| 15 | $9,638.43 | $15,753.33 | $246,782.71 |
| 16 | $10,258.37 | $15,133.39 | $236,524.34 |
| 17 | $10,918.24 | $14,473.52 | $225,606.10 |
| 18 | $11,620.53 | $13,771.23 | $213,985.57 |
| 19 | $12,367.97 | $13,023.79 | $201,617.60 |
| 20 | $13,163.50 | $12,228.26 | $188,454.10 |
| 21 | $14,010.21 | $11,381.55 | $174,443.89 |
| 22 | $14,911.35 | $10,480.41 | $159,532.54 |
| 23 | $15,870.47 | $9,521.29 | $143,662.07 |
| 24 | $16,891.28 | $8,500.48 | $126,770.79 |
| 25 | $17,977.78 | $7,413.98 | $108,793.01 |
| 26 | $19,134.14 | $6,257.62 | $89,658.87 |
| 27 | $20,364.88 | $5,026.88 | $69,293.99 |
| 28 | $21,674.78 | $3,716.98 | $47,619.21 |
| 29 | $23,068.94 | $2,322.82 | $24,550.27 |
| 30 | $24,550.27 | $838.97 | $0.00 |
Show monthly schedule (360 payments)
| # | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $2,115.98 | $326.08 | $1,789.90 | $343,334.55 |
| 2 | $2,115.98 | $327.78 | $1,788.20 | $343,006.77 |
| 3 | $2,115.98 | $329.49 | $1,786.49 | $342,677.28 |
| 4 | $2,115.98 | $331.20 | $1,784.78 | $342,346.08 |
| 5 | $2,115.98 | $332.93 | $1,783.05 | $342,013.15 |
| 6 | $2,115.98 | $334.66 | $1,781.32 | $341,678.49 |
| 7 | $2,115.98 | $336.40 | $1,779.58 | $341,342.09 |
| 8 | $2,115.98 | $338.16 | $1,777.82 | $341,003.93 |
| 9 | $2,115.98 | $339.92 | $1,776.06 | $340,664.01 |
| 10 | $2,115.98 | $341.69 | $1,774.29 | $340,322.32 |
| 11 | $2,115.98 | $343.47 | $1,772.51 | $339,978.85 |
| 12 | $2,115.98 | $345.26 | $1,770.72 | $339,633.59 |
| 13 | $2,115.98 | $347.06 | $1,768.92 | $339,286.53 |
| 14 | $2,115.98 | $348.86 | $1,767.12 | $338,937.67 |
| 15 | $2,115.98 | $350.68 | $1,765.30 | $338,586.99 |
| 16 | $2,115.98 | $352.51 | $1,763.47 | $338,234.48 |
| 17 | $2,115.98 | $354.34 | $1,761.64 | $337,880.14 |
| 18 | $2,115.98 | $356.19 | $1,759.79 | $337,523.95 |
| 19 | $2,115.98 | $358.04 | $1,757.94 | $337,165.91 |
| 20 | $2,115.98 | $359.91 | $1,756.07 | $336,806.00 |
| 21 | $2,115.98 | $361.78 | $1,754.20 | $336,444.22 |
| 22 | $2,115.98 | $363.67 | $1,752.31 | $336,080.55 |
| 23 | $2,115.98 | $365.56 | $1,750.42 | $335,714.99 |
| 24 | $2,115.98 | $367.46 | $1,748.52 | $335,347.53 |
| 25 | $2,115.98 | $369.38 | $1,746.60 | $334,978.15 |
| 26 | $2,115.98 | $371.30 | $1,744.68 | $334,606.85 |
| 27 | $2,115.98 | $373.24 | $1,742.74 | $334,233.61 |
| 28 | $2,115.98 | $375.18 | $1,740.80 | $333,858.43 |
| 29 | $2,115.98 | $377.13 | $1,738.85 | $333,481.30 |
| 30 | $2,115.98 | $379.10 | $1,736.88 | $333,102.20 |
| 31 | $2,115.98 | $381.07 | $1,734.91 | $332,721.13 |
| 32 | $2,115.98 | $383.06 | $1,732.92 | $332,338.07 |
| 33 | $2,115.98 | $385.05 | $1,730.93 | $331,953.02 |
| 34 | $2,115.98 | $387.06 | $1,728.92 | $331,565.96 |
| 35 | $2,115.98 | $389.07 | $1,726.91 | $331,176.89 |
| 36 | $2,115.98 | $391.10 | $1,724.88 | $330,785.79 |
| 37 | $2,115.98 | $393.14 | $1,722.84 | $330,392.65 |
| 38 | $2,115.98 | $395.18 | $1,720.80 | $329,997.47 |
| 39 | $2,115.98 | $397.24 | $1,718.74 | $329,600.23 |
| 40 | $2,115.98 | $399.31 | $1,716.67 | $329,200.92 |
| 41 | $2,115.98 | $401.39 | $1,714.59 | $328,799.53 |
| 42 | $2,115.98 | $403.48 | $1,712.50 | $328,396.05 |
| 43 | $2,115.98 | $405.58 | $1,710.40 | $327,990.47 |
| 44 | $2,115.98 | $407.70 | $1,708.28 | $327,582.77 |
| 45 | $2,115.98 | $409.82 | $1,706.16 | $327,172.95 |
| 46 | $2,115.98 | $411.95 | $1,704.03 | $326,761.00 |
| 47 | $2,115.98 | $414.10 | $1,701.88 | $326,346.90 |
| 48 | $2,115.98 | $416.26 | $1,699.72 | $325,930.64 |
| 49 | $2,115.98 | $418.42 | $1,697.56 | $325,512.22 |
| 50 | $2,115.98 | $420.60 | $1,695.38 | $325,091.62 |
| 51 | $2,115.98 | $422.79 | $1,693.19 | $324,668.83 |
| 52 | $2,115.98 | $425.00 | $1,690.98 | $324,243.83 |
| 53 | $2,115.98 | $427.21 | $1,688.77 | $323,816.62 |
| 54 | $2,115.98 | $429.44 | $1,686.54 | $323,387.18 |
| 55 | $2,115.98 | $431.67 | $1,684.31 | $322,955.51 |
| 56 | $2,115.98 | $433.92 | $1,682.06 | $322,521.59 |
| 57 | $2,115.98 | $436.18 | $1,679.80 | $322,085.41 |
| 58 | $2,115.98 | $438.45 | $1,677.53 | $321,646.96 |
| 59 | $2,115.98 | $440.74 | $1,675.24 | $321,206.22 |
| 60 | $2,115.98 | $443.03 | $1,672.95 | $320,763.19 |
| 61 | $2,115.98 | $445.34 | $1,670.64 | $320,317.85 |
| 62 | $2,115.98 | $447.66 | $1,668.32 | $319,870.19 |
| 63 | $2,115.98 | $449.99 | $1,665.99 | $319,420.20 |
| 64 | $2,115.98 | $452.33 | $1,663.65 | $318,967.87 |
| 65 | $2,115.98 | $454.69 | $1,661.29 | $318,513.18 |
| 66 | $2,115.98 | $457.06 | $1,658.92 | $318,056.12 |
| 67 | $2,115.98 | $459.44 | $1,656.54 | $317,596.68 |
| 68 | $2,115.98 | $461.83 | $1,654.15 | $317,134.85 |
| 69 | $2,115.98 | $464.24 | $1,651.74 | $316,670.61 |
| 70 | $2,115.98 | $466.65 | $1,649.33 | $316,203.96 |
| 71 | $2,115.98 | $469.08 | $1,646.90 | $315,734.88 |
| 72 | $2,115.98 | $471.53 | $1,644.45 | $315,263.35 |
| 73 | $2,115.98 | $473.98 | $1,642.00 | $314,789.37 |
| 74 | $2,115.98 | $476.45 | $1,639.53 | $314,312.92 |
| 75 | $2,115.98 | $478.93 | $1,637.05 | $313,833.99 |
| 76 | $2,115.98 | $481.43 | $1,634.55 | $313,352.56 |
| 77 | $2,115.98 | $483.94 | $1,632.04 | $312,868.62 |
| 78 | $2,115.98 | $486.46 | $1,629.52 | $312,382.16 |
| 79 | $2,115.98 | $488.99 | $1,626.99 | $311,893.17 |
| 80 | $2,115.98 | $491.54 | $1,624.44 | $311,401.63 |
| 81 | $2,115.98 | $494.10 | $1,621.88 | $310,907.53 |
| 82 | $2,115.98 | $496.67 | $1,619.31 | $310,410.86 |
| 83 | $2,115.98 | $499.26 | $1,616.72 | $309,911.60 |
| 84 | $2,115.98 | $501.86 | $1,614.12 | $309,409.74 |
| 85 | $2,115.98 | $504.47 | $1,611.51 | $308,905.27 |
| 86 | $2,115.98 | $507.10 | $1,608.88 | $308,398.17 |
| 87 | $2,115.98 | $509.74 | $1,606.24 | $307,888.43 |
| 88 | $2,115.98 | $512.39 | $1,603.59 | $307,376.04 |
| 89 | $2,115.98 | $515.06 | $1,600.92 | $306,860.98 |
| 90 | $2,115.98 | $517.75 | $1,598.23 | $306,343.23 |
| 91 | $2,115.98 | $520.44 | $1,595.54 | $305,822.79 |
| 92 | $2,115.98 | $523.15 | $1,592.83 | $305,299.64 |
| 93 | $2,115.98 | $525.88 | $1,590.10 | $304,773.76 |
| 94 | $2,115.98 | $528.62 | $1,587.36 | $304,245.14 |
| 95 | $2,115.98 | $531.37 | $1,584.61 | $303,713.77 |
| 96 | $2,115.98 | $534.14 | $1,581.84 | $303,179.63 |
| 97 | $2,115.98 | $536.92 | $1,579.06 | $302,642.71 |
| 98 | $2,115.98 | $539.72 | $1,576.26 | $302,102.99 |
| 99 | $2,115.98 | $542.53 | $1,573.45 | $301,560.46 |
| 100 | $2,115.98 | $545.35 | $1,570.63 | $301,015.11 |
| 101 | $2,115.98 | $548.19 | $1,567.79 | $300,466.92 |
| 102 | $2,115.98 | $551.05 | $1,564.93 | $299,915.87 |
| 103 | $2,115.98 | $553.92 | $1,562.06 | $299,361.95 |
| 104 | $2,115.98 | $556.80 | $1,559.18 | $298,805.15 |
| 105 | $2,115.98 | $559.70 | $1,556.28 | $298,245.45 |
| 106 | $2,115.98 | $562.62 | $1,553.36 | $297,682.83 |
| 107 | $2,115.98 | $565.55 | $1,550.43 | $297,117.28 |
| 108 | $2,115.98 | $568.49 | $1,547.49 | $296,548.79 |
| 109 | $2,115.98 | $571.46 | $1,544.52 | $295,977.33 |
| 110 | $2,115.98 | $574.43 | $1,541.55 | $295,402.90 |
| 111 | $2,115.98 | $577.42 | $1,538.56 | $294,825.48 |
| 112 | $2,115.98 | $580.43 | $1,535.55 | $294,245.05 |
| 113 | $2,115.98 | $583.45 | $1,532.53 | $293,661.60 |
| 114 | $2,115.98 | $586.49 | $1,529.49 | $293,075.11 |
| 115 | $2,115.98 | $589.55 | $1,526.43 | $292,485.56 |
| 116 | $2,115.98 | $592.62 | $1,523.36 | $291,892.94 |
| 117 | $2,115.98 | $595.70 | $1,520.28 | $291,297.24 |
| 118 | $2,115.98 | $598.81 | $1,517.17 | $290,698.43 |
| 119 | $2,115.98 | $601.93 | $1,514.05 | $290,096.50 |
| 120 | $2,115.98 | $605.06 | $1,510.92 | $289,491.44 |
| 121 | $2,115.98 | $608.21 | $1,507.77 | $288,883.23 |
| 122 | $2,115.98 | $611.38 | $1,504.60 | $288,271.85 |
| 123 | $2,115.98 | $614.56 | $1,501.42 | $287,657.29 |
| 124 | $2,115.98 | $617.76 | $1,498.22 | $287,039.53 |
| 125 | $2,115.98 | $620.98 | $1,495.00 | $286,418.55 |
| 126 | $2,115.98 | $624.22 | $1,491.76 | $285,794.33 |
| 127 | $2,115.98 | $627.47 | $1,488.51 | $285,166.86 |
| 128 | $2,115.98 | $630.74 | $1,485.24 | $284,536.12 |
| 129 | $2,115.98 | $634.02 | $1,481.96 | $283,902.10 |
| 130 | $2,115.98 | $637.32 | $1,478.66 | $283,264.78 |
| 131 | $2,115.98 | $640.64 | $1,475.34 | $282,624.14 |
| 132 | $2,115.98 | $643.98 | $1,472.00 | $281,980.16 |
| 133 | $2,115.98 | $647.33 | $1,468.65 | $281,332.83 |
| 134 | $2,115.98 | $650.70 | $1,465.28 | $280,682.13 |
| 135 | $2,115.98 | $654.09 | $1,461.89 | $280,028.04 |
| 136 | $2,115.98 | $657.50 | $1,458.48 | $279,370.54 |
| 137 | $2,115.98 | $660.93 | $1,455.05 | $278,709.61 |
| 138 | $2,115.98 | $664.37 | $1,451.61 | $278,045.24 |
| 139 | $2,115.98 | $667.83 | $1,448.15 | $277,377.41 |
| 140 | $2,115.98 | $671.31 | $1,444.67 | $276,706.10 |
| 141 | $2,115.98 | $674.80 | $1,441.18 | $276,031.30 |
| 142 | $2,115.98 | $678.32 | $1,437.66 | $275,352.98 |
| 143 | $2,115.98 | $681.85 | $1,434.13 | $274,671.13 |
| 144 | $2,115.98 | $685.40 | $1,430.58 | $273,985.73 |
| 145 | $2,115.98 | $688.97 | $1,427.01 | $273,296.76 |
| 146 | $2,115.98 | $692.56 | $1,423.42 | $272,604.20 |
| 147 | $2,115.98 | $696.17 | $1,419.81 | $271,908.03 |
| 148 | $2,115.98 | $699.79 | $1,416.19 | $271,208.24 |
| 149 | $2,115.98 | $703.44 | $1,412.54 | $270,504.80 |
| 150 | $2,115.98 | $707.10 | $1,408.88 | $269,797.70 |
| 151 | $2,115.98 | $710.78 | $1,405.20 | $269,086.92 |
| 152 | $2,115.98 | $714.49 | $1,401.49 | $268,372.43 |
| 153 | $2,115.98 | $718.21 | $1,397.77 | $267,654.22 |
| 154 | $2,115.98 | $721.95 | $1,394.03 | $266,932.27 |
| 155 | $2,115.98 | $725.71 | $1,390.27 | $266,206.56 |
| 156 | $2,115.98 | $729.49 | $1,386.49 | $265,477.07 |
| 157 | $2,115.98 | $733.29 | $1,382.69 | $264,743.78 |
| 158 | $2,115.98 | $737.11 | $1,378.87 | $264,006.67 |
| 159 | $2,115.98 | $740.95 | $1,375.03 | $263,265.72 |
| 160 | $2,115.98 | $744.80 | $1,371.18 | $262,520.92 |
| 161 | $2,115.98 | $748.68 | $1,367.30 | $261,772.24 |
| 162 | $2,115.98 | $752.58 | $1,363.40 | $261,019.66 |
| 163 | $2,115.98 | $756.50 | $1,359.48 | $260,263.16 |
| 164 | $2,115.98 | $760.44 | $1,355.54 | $259,502.72 |
| 165 | $2,115.98 | $764.40 | $1,351.58 | $258,738.32 |
| 166 | $2,115.98 | $768.38 | $1,347.60 | $257,969.94 |
| 167 | $2,115.98 | $772.39 | $1,343.59 | $257,197.55 |
| 168 | $2,115.98 | $776.41 | $1,339.57 | $256,421.14 |
| 169 | $2,115.98 | $780.45 | $1,335.53 | $255,640.69 |
| 170 | $2,115.98 | $784.52 | $1,331.46 | $254,856.17 |
| 171 | $2,115.98 | $788.60 | $1,327.38 | $254,067.57 |
| 172 | $2,115.98 | $792.71 | $1,323.27 | $253,274.86 |
| 173 | $2,115.98 | $796.84 | $1,319.14 | $252,478.02 |
| 174 | $2,115.98 | $800.99 | $1,314.99 | $251,677.03 |
| 175 | $2,115.98 | $805.16 | $1,310.82 | $250,871.87 |
| 176 | $2,115.98 | $809.36 | $1,306.62 | $250,062.51 |
| 177 | $2,115.98 | $813.57 | $1,302.41 | $249,248.94 |
| 178 | $2,115.98 | $817.81 | $1,298.17 | $248,431.13 |
| 179 | $2,115.98 | $822.07 | $1,293.91 | $247,609.06 |
| 180 | $2,115.98 | $826.35 | $1,289.63 | $246,782.71 |
| 181 | $2,115.98 | $830.65 | $1,285.33 | $245,952.06 |
| 182 | $2,115.98 | $834.98 | $1,281.00 | $245,117.08 |
| 183 | $2,115.98 | $839.33 | $1,276.65 | $244,277.75 |
| 184 | $2,115.98 | $843.70 | $1,272.28 | $243,434.05 |
| 185 | $2,115.98 | $848.09 | $1,267.89 | $242,585.96 |
| 186 | $2,115.98 | $852.51 | $1,263.47 | $241,733.45 |
| 187 | $2,115.98 | $856.95 | $1,259.03 | $240,876.50 |
| 188 | $2,115.98 | $861.41 | $1,254.57 | $240,015.09 |
| 189 | $2,115.98 | $865.90 | $1,250.08 | $239,149.19 |
| 190 | $2,115.98 | $870.41 | $1,245.57 | $238,278.78 |
| 191 | $2,115.98 | $874.94 | $1,241.04 | $237,403.84 |
| 192 | $2,115.98 | $879.50 | $1,236.48 | $236,524.34 |
| 193 | $2,115.98 | $884.08 | $1,231.90 | $235,640.26 |
| 194 | $2,115.98 | $888.69 | $1,227.29 | $234,751.57 |
| 195 | $2,115.98 | $893.32 | $1,222.66 | $233,858.25 |
| 196 | $2,115.98 | $897.97 | $1,218.01 | $232,960.28 |
| 197 | $2,115.98 | $902.65 | $1,213.33 | $232,057.63 |
| 198 | $2,115.98 | $907.35 | $1,208.63 | $231,150.28 |
| 199 | $2,115.98 | $912.07 | $1,203.91 | $230,238.21 |
| 200 | $2,115.98 | $916.82 | $1,199.16 | $229,321.39 |
| 201 | $2,115.98 | $921.60 | $1,194.38 | $228,399.79 |
| 202 | $2,115.98 | $926.40 | $1,189.58 | $227,473.39 |
| 203 | $2,115.98 | $931.22 | $1,184.76 | $226,542.17 |
| 204 | $2,115.98 | $936.07 | $1,179.91 | $225,606.10 |
| 205 | $2,115.98 | $940.95 | $1,175.03 | $224,665.15 |
| 206 | $2,115.98 | $945.85 | $1,170.13 | $223,719.30 |
| 207 | $2,115.98 | $950.78 | $1,165.20 | $222,768.52 |
| 208 | $2,115.98 | $955.73 | $1,160.25 | $221,812.79 |
| 209 | $2,115.98 | $960.71 | $1,155.27 | $220,852.08 |
| 210 | $2,115.98 | $965.71 | $1,150.27 | $219,886.37 |
| 211 | $2,115.98 | $970.74 | $1,145.24 | $218,915.63 |
| 212 | $2,115.98 | $975.79 | $1,140.19 | $217,939.84 |
| 213 | $2,115.98 | $980.88 | $1,135.10 | $216,958.96 |
| 214 | $2,115.98 | $985.99 | $1,129.99 | $215,972.97 |
| 215 | $2,115.98 | $991.12 | $1,124.86 | $214,981.85 |
| 216 | $2,115.98 | $996.28 | $1,119.70 | $213,985.57 |
| 217 | $2,115.98 | $1,001.47 | $1,114.51 | $212,984.10 |
| 218 | $2,115.98 | $1,006.69 | $1,109.29 | $211,977.41 |
| 219 | $2,115.98 | $1,011.93 | $1,104.05 | $210,965.48 |
| 220 | $2,115.98 | $1,017.20 | $1,098.78 | $209,948.28 |
| 221 | $2,115.98 | $1,022.50 | $1,093.48 | $208,925.78 |
| 222 | $2,115.98 | $1,027.82 | $1,088.16 | $207,897.96 |
| 223 | $2,115.98 | $1,033.18 | $1,082.80 | $206,864.78 |
| 224 | $2,115.98 | $1,038.56 | $1,077.42 | $205,826.22 |
| 225 | $2,115.98 | $1,043.97 | $1,072.01 | $204,782.25 |
| 226 | $2,115.98 | $1,049.41 | $1,066.57 | $203,732.84 |
| 227 | $2,115.98 | $1,054.87 | $1,061.11 | $202,677.97 |
| 228 | $2,115.98 | $1,060.37 | $1,055.61 | $201,617.60 |
| 229 | $2,115.98 | $1,065.89 | $1,050.09 | $200,551.71 |
| 230 | $2,115.98 | $1,071.44 | $1,044.54 | $199,480.27 |
| 231 | $2,115.98 | $1,077.02 | $1,038.96 | $198,403.25 |
| 232 | $2,115.98 | $1,082.63 | $1,033.35 | $197,320.62 |
| 233 | $2,115.98 | $1,088.27 | $1,027.71 | $196,232.35 |
| 234 | $2,115.98 | $1,093.94 | $1,022.04 | $195,138.41 |
| 235 | $2,115.98 | $1,099.63 | $1,016.35 | $194,038.78 |
| 236 | $2,115.98 | $1,105.36 | $1,010.62 | $192,933.42 |
| 237 | $2,115.98 | $1,111.12 | $1,004.86 | $191,822.30 |
| 238 | $2,115.98 | $1,116.91 | $999.07 | $190,705.39 |
| 239 | $2,115.98 | $1,122.72 | $993.26 | $189,582.67 |
| 240 | $2,115.98 | $1,128.57 | $987.41 | $188,454.10 |
| 241 | $2,115.98 | $1,134.45 | $981.53 | $187,319.65 |
| 242 | $2,115.98 | $1,140.36 | $975.62 | $186,179.29 |
| 243 | $2,115.98 | $1,146.30 | $969.68 | $185,032.99 |
| 244 | $2,115.98 | $1,152.27 | $963.71 | $183,880.72 |
| 245 | $2,115.98 | $1,158.27 | $957.71 | $182,722.45 |
| 246 | $2,115.98 | $1,164.30 | $951.68 | $181,558.15 |
| 247 | $2,115.98 | $1,170.36 | $945.62 | $180,387.79 |
| 248 | $2,115.98 | $1,176.46 | $939.52 | $179,211.33 |
| 249 | $2,115.98 | $1,182.59 | $933.39 | $178,028.74 |
| 250 | $2,115.98 | $1,188.75 | $927.23 | $176,839.99 |
| 251 | $2,115.98 | $1,194.94 | $921.04 | $175,645.05 |
| 252 | $2,115.98 | $1,201.16 | $914.82 | $174,443.89 |
| 253 | $2,115.98 | $1,207.42 | $908.56 | $173,236.47 |
| 254 | $2,115.98 | $1,213.71 | $902.27 | $172,022.76 |
| 255 | $2,115.98 | $1,220.03 | $895.95 | $170,802.73 |
| 256 | $2,115.98 | $1,226.38 | $889.60 | $169,576.35 |
| 257 | $2,115.98 | $1,232.77 | $883.21 | $168,343.58 |
| 258 | $2,115.98 | $1,239.19 | $876.79 | $167,104.39 |
| 259 | $2,115.98 | $1,245.64 | $870.34 | $165,858.75 |
| 260 | $2,115.98 | $1,252.13 | $863.85 | $164,606.62 |
| 261 | $2,115.98 | $1,258.65 | $857.33 | $163,347.97 |
| 262 | $2,115.98 | $1,265.21 | $850.77 | $162,082.76 |
| 263 | $2,115.98 | $1,271.80 | $844.18 | $160,810.96 |
| 264 | $2,115.98 | $1,278.42 | $837.56 | $159,532.54 |
| 265 | $2,115.98 | $1,285.08 | $830.90 | $158,247.46 |
| 266 | $2,115.98 | $1,291.77 | $824.21 | $156,955.69 |
| 267 | $2,115.98 | $1,298.50 | $817.48 | $155,657.19 |
| 268 | $2,115.98 | $1,305.27 | $810.71 | $154,351.92 |
| 269 | $2,115.98 | $1,312.06 | $803.92 | $153,039.86 |
| 270 | $2,115.98 | $1,318.90 | $797.08 | $151,720.96 |
| 271 | $2,115.98 | $1,325.77 | $790.21 | $150,395.19 |
| 272 | $2,115.98 | $1,332.67 | $783.31 | $149,062.52 |
| 273 | $2,115.98 | $1,339.61 | $776.37 | $147,722.91 |
| 274 | $2,115.98 | $1,346.59 | $769.39 | $146,376.32 |
| 275 | $2,115.98 | $1,353.60 | $762.38 | $145,022.72 |
| 276 | $2,115.98 | $1,360.65 | $755.33 | $143,662.07 |
| 277 | $2,115.98 | $1,367.74 | $748.24 | $142,294.33 |
| 278 | $2,115.98 | $1,374.86 | $741.12 | $140,919.47 |
| 279 | $2,115.98 | $1,382.02 | $733.96 | $139,537.45 |
| 280 | $2,115.98 | $1,389.22 | $726.76 | $138,148.23 |
| 281 | $2,115.98 | $1,396.46 | $719.52 | $136,751.77 |
| 282 | $2,115.98 | $1,403.73 | $712.25 | $135,348.04 |
| 283 | $2,115.98 | $1,411.04 | $704.94 | $133,937.00 |
| 284 | $2,115.98 | $1,418.39 | $697.59 | $132,518.61 |
| 285 | $2,115.98 | $1,425.78 | $690.20 | $131,092.83 |
| 286 | $2,115.98 | $1,433.20 | $682.78 | $129,659.63 |
| 287 | $2,115.98 | $1,440.67 | $675.31 | $128,218.96 |
| 288 | $2,115.98 | $1,448.17 | $667.81 | $126,770.79 |
| 289 | $2,115.98 | $1,455.72 | $660.26 | $125,315.07 |
| 290 | $2,115.98 | $1,463.30 | $652.68 | $123,851.77 |
| 291 | $2,115.98 | $1,470.92 | $645.06 | $122,380.85 |
| 292 | $2,115.98 | $1,478.58 | $637.40 | $120,902.27 |
| 293 | $2,115.98 | $1,486.28 | $629.70 | $119,415.99 |
| 294 | $2,115.98 | $1,494.02 | $621.96 | $117,921.97 |
| 295 | $2,115.98 | $1,501.80 | $614.18 | $116,420.17 |
| 296 | $2,115.98 | $1,509.62 | $606.36 | $114,910.55 |
| 297 | $2,115.98 | $1,517.49 | $598.49 | $113,393.06 |
| 298 | $2,115.98 | $1,525.39 | $590.59 | $111,867.67 |
| 299 | $2,115.98 | $1,533.34 | $582.64 | $110,334.33 |
| 300 | $2,115.98 | $1,541.32 | $574.66 | $108,793.01 |
| 301 | $2,115.98 | $1,549.35 | $566.63 | $107,243.66 |
| 302 | $2,115.98 | $1,557.42 | $558.56 | $105,686.24 |
| 303 | $2,115.98 | $1,565.53 | $550.45 | $104,120.71 |
| 304 | $2,115.98 | $1,573.68 | $542.30 | $102,547.03 |
| 305 | $2,115.98 | $1,581.88 | $534.10 | $100,965.15 |
| 306 | $2,115.98 | $1,590.12 | $525.86 | $99,375.03 |
| 307 | $2,115.98 | $1,598.40 | $517.58 | $97,776.63 |
| 308 | $2,115.98 | $1,606.73 | $509.25 | $96,169.90 |
| 309 | $2,115.98 | $1,615.10 | $500.88 | $94,554.80 |
| 310 | $2,115.98 | $1,623.51 | $492.47 | $92,931.29 |
| 311 | $2,115.98 | $1,631.96 | $484.02 | $91,299.33 |
| 312 | $2,115.98 | $1,640.46 | $475.52 | $89,658.87 |
| 313 | $2,115.98 | $1,649.01 | $466.97 | $88,009.86 |
| 314 | $2,115.98 | $1,657.60 | $458.38 | $86,352.26 |
| 315 | $2,115.98 | $1,666.23 | $449.75 | $84,686.03 |
| 316 | $2,115.98 | $1,674.91 | $441.07 | $83,011.12 |
| 317 | $2,115.98 | $1,683.63 | $432.35 | $81,327.49 |
| 318 | $2,115.98 | $1,692.40 | $423.58 | $79,635.09 |
| 319 | $2,115.98 | $1,701.21 | $414.77 | $77,933.88 |
| 320 | $2,115.98 | $1,710.07 | $405.91 | $76,223.81 |
| 321 | $2,115.98 | $1,718.98 | $397.00 | $74,504.83 |
| 322 | $2,115.98 | $1,727.93 | $388.05 | $72,776.90 |
| 323 | $2,115.98 | $1,736.93 | $379.05 | $71,039.97 |
| 324 | $2,115.98 | $1,745.98 | $370.00 | $69,293.99 |
| 325 | $2,115.98 | $1,755.07 | $360.91 | $67,538.92 |
| 326 | $2,115.98 | $1,764.21 | $351.77 | $65,774.71 |
| 327 | $2,115.98 | $1,773.40 | $342.58 | $64,001.31 |
| 328 | $2,115.98 | $1,782.64 | $333.34 | $62,218.67 |
| 329 | $2,115.98 | $1,791.92 | $324.06 | $60,426.75 |
| 330 | $2,115.98 | $1,801.26 | $314.72 | $58,625.49 |
| 331 | $2,115.98 | $1,810.64 | $305.34 | $56,814.85 |
| 332 | $2,115.98 | $1,820.07 | $295.91 | $54,994.78 |
| 333 | $2,115.98 | $1,829.55 | $286.43 | $53,165.23 |
| 334 | $2,115.98 | $1,839.08 | $276.90 | $51,326.15 |
| 335 | $2,115.98 | $1,848.66 | $267.32 | $49,477.49 |
| 336 | $2,115.98 | $1,858.28 | $257.70 | $47,619.21 |
| 337 | $2,115.98 | $1,867.96 | $248.02 | $45,751.25 |
| 338 | $2,115.98 | $1,877.69 | $238.29 | $43,873.56 |
| 339 | $2,115.98 | $1,887.47 | $228.51 | $41,986.09 |
| 340 | $2,115.98 | $1,897.30 | $218.68 | $40,088.79 |
| 341 | $2,115.98 | $1,907.18 | $208.80 | $38,181.61 |
| 342 | $2,115.98 | $1,917.12 | $198.86 | $36,264.49 |
| 343 | $2,115.98 | $1,927.10 | $188.88 | $34,337.39 |
| 344 | $2,115.98 | $1,937.14 | $178.84 | $32,400.25 |
| 345 | $2,115.98 | $1,947.23 | $168.75 | $30,453.02 |
| 346 | $2,115.98 | $1,957.37 | $158.61 | $28,495.65 |
| 347 | $2,115.98 | $1,967.57 | $148.41 | $26,528.08 |
| 348 | $2,115.98 | $1,977.81 | $138.17 | $24,550.27 |
| 349 | $2,115.98 | $1,988.11 | $127.87 | $22,562.16 |
| 350 | $2,115.98 | $1,998.47 | $117.51 | $20,563.69 |
| 351 | $2,115.98 | $2,008.88 | $107.10 | $18,554.81 |
| 352 | $2,115.98 | $2,019.34 | $96.64 | $16,535.47 |
| 353 | $2,115.98 | $2,029.86 | $86.12 | $14,505.61 |
| 354 | $2,115.98 | $2,040.43 | $75.55 | $12,465.18 |
| 355 | $2,115.98 | $2,051.06 | $64.92 | $10,414.12 |
| 356 | $2,115.98 | $2,061.74 | $54.24 | $8,352.38 |
| 357 | $2,115.98 | $2,072.48 | $43.50 | $6,279.90 |
| 358 | $2,115.98 | $2,083.27 | $32.71 | $4,196.63 |
| 359 | $2,115.98 | $2,094.12 | $21.86 | $2,102.51 |
| 360 | $2,113.46 | $2,102.51 | $10.95 | $0.00 |
How to use the FHA loan calculator
- Enter the home price and your down payment (at least 3.5% with a 580+ credit score).
- Enter the FHA interest rate, loan term, annual property tax, homeowners insurance and any HOA dues.
- Open Conventional loan comparison to set the conventional rate and PMI for a side-by-side comparison.
The FHA payment formula
Base loan = Price − Down payment · Upfront MIP = Base loan × 1.75%
Loan = Base loan + Upfront MIP · P&I = L × r(1+r)n ÷ ((1+r)n − 1)
Monthly MIP = Base loan × annual MIP rate ÷ 12
Worked example
A $350,000 home with 3.5% ($12,250) down: base loan $337,750, upfront MIP $5,910.63, total loan $343,660.63. At 6.25% for 30 years principal and interest is $2,115.98. LTV is 96.5% (over 95%), so annual MIP is 0.55%: $337,750 × 0.55% ÷ 12 = $154.80. Adding $350 property tax and $150 insurance a month gives $2,770.78.
FHA annual MIP rates
| Term | Base loan | LTV | Annual MIP | Duration |
|---|---|---|---|---|
| Over 15 years | ≤ $726,200 | > 95% | 0.55% | Loan term |
| Over 15 years | ≤ $726,200 | 90–95% | 0.50% | Loan term |
| Over 15 years | ≤ $726,200 | ≤ 90% | 0.50% | 11 years |
| Over 15 years | > $726,200 | > 95% / ≤ 95% | 0.75% / 0.70% | Term, or 11 years if LTV ≤ 90% |
| 15 years or less | ≤ $726,200 | > 90% / ≤ 90% | 0.40% / 0.15% | Term / 11 years |
| 15 years or less | > $726,200 | > 90% / 78–90% / ≤ 78% | 0.65% / 0.40% / 0.15% | Term / 11 years / 11 years |
Upfront MIP is 1.75% for all purchase loans. 2026 FHA loan limits for one-unit homes run from $541,287 to $1,249,125 depending on the county.
Sources: HUD Mortgagee Letter 2023-05 (annual MIP, in effect for case numbers from March 20, 2023), HUD Handbook 4000.1 and Mortgagee Letter 2025-23 (2026 loan limits), hud.gov.
Estimates for educational purposes, not financial advice.
Frequently asked questions
What is the minimum down payment for an FHA loan?
3.5% of the price with a credit score of 580 or higher, or 10% with a score of 500–579. Gifts from family can cover the down payment.
How much is FHA mortgage insurance?
You pay an upfront MIP of 1.75% of the base loan, usually added to the loan, plus an annual MIP paid monthly. For most 30-year loans it is 0.55% a year with less than 5% down and 0.50% with 5% or more down (0.70–0.75% on loans over $726,200).
Can FHA mortgage insurance be removed?
If you put down at least 10%, annual MIP ends after 11 years. With less than 10% down it lasts for the life of the loan, and the usual way to remove it is to refinance into a conventional loan once you have 20% equity.
What are the 2026 FHA loan limits?
For a one-unit home the 2026 FHA limit ranges from $541,287 in most counties to $1,249,125 in high-cost areas (HUD Mortgagee Letter 2025-23). Check your county on HUD's FHA mortgage limits page.
Is FHA cheaper than a conventional loan?
Often for buyers with lower credit scores or small down payments, because FHA rates are usually lower and the MIP does not rise with a weaker score. With good credit and 5%+ down, a conventional loan whose PMI can be cancelled is often cheaper over time.