FHA Loan Calculator
Estimate an FHA payment with editable upfront MIP and annual MIP assumptions. Use the result to compare a Loan Estimate, not to determine eligibility.
- Formula
- Shown below
- Data
- Stays private
- Result
- Updates live
Written by the ToolGrym Editorial Team
Last reviewed:
Calculation workspace
Enter your numbers
No submit button — results update as you type.
Estimated monthly payment
$2,662.49
Principal, interest, and program insurance fee
- Base loan amount
- $392,755
- Upfront fee financed
- $6,755
- Monthly insurance/annual fee
- $180
What to compare
3.5%
Starting cash down as a percentage of price
- Upfront program fee
- $6,755
- Monthly program fee
- $180
This is an educational estimate, not an eligibility decision or Loan Estimate. Program rules, county limits, fees, caps, and lender overlays vary. Confirm the exact terms with an approved lender.
The FHA loan guide explains why the upfront and annual premiums should be compared with conventional PMI over your expected holding period. Replace defaults with the fees and rate on your disclosures.
Frequently asked questions
- Does this include FHA mortgage insurance?
- Yes. It adds the upfront MIP to the base loan and estimates the annual MIP as a monthly amount using your entered percentage.
- What FHA rate should I use?
- Use a lender quote for your credit, property, and term. The default is only a planning assumption.
- Are FHA loan limits included?
- No. County and property-type loan limits vary. Check HUD’s current limit for the county and unit count.
- Is this an FHA approval calculator?
- No. Income, credit, debt-to-income, appraisal, property standards, and lender overlays require an approved lender.
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The ToolGrym editorial team builds and maintains every calculator on this site. Each tool’s formulas are implemented as tested code and verified against authoritative sources such as the CFPB, Federal Reserve, IRS, and BLS.