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FHA loan calculator

Quick answer

An FHA payment includes principal and interest on the base loan plus the financed 1.75% upfront mortgage insurance premium, a monthly annual MIP (typically 0.55% of the loan for 30-year loans with under 5% down, 0.50% with 5% or more), property taxes and insurance. The minimum down payment is 3.5% with a 580+ credit score.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Estimated FHA payment

$2,710

Total loan with UFMIP $319,113

Principal & interest
$2,162
Monthly MIP
$144
Property taxes
$271
Insurance
$133
Base loan
$313,625
Upfront MIP (financed)
$5,488

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FHA mortgage insurance rates (30-year)

Down paymentAnnual MIPDuration
Under 5%0.55%Life of loan
5%–9.99%0.50%Life of loan
10% or more0.50%11 years

Frequently asked questions

With 10%+ down, MIP ends after 11 years. Otherwise, refinancing into a conventional loan is the usual way to remove it.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.