FHA Loan Calculator
Estimate an FHA mortgage payment including the 1.75% upfront mortgage insurance premium (financed into the loan) and the 0.55% annual MIP.
Inputs explained
- Home Price — The purchase price of the home. Example: 300000.
- Down Payment (%) — FHA loans allow as little as 3.5% down. Example: 3.5.
- Annual Interest Rate — The mortgage's annual rate as a percentage. Example: 6.5.
- Loan Term — Length of the mortgage in years, typically 30. Example: 30.
How to use it
- Fill in the fields above — each input has a hint describing exactly what to enter
- Press Calculate to get your result instantly, right on this page
- Copy the result, save the tool to favorites, or share and embed it anywhere
Understanding the result
Example: A $300,000 home with 3.5% down at 6.5% for 30 years gives a loan of about $294,566 (including $5,066 upfront MIP) and a total monthly payment near $1,996.87 including $135.01 monthly MIP.
Frequently asked questions
Why is the financed loan amount higher than the home price minus the down payment? FHA loans add a 1.75% upfront mortgage insurance premium (MIP) directly into the loan balance rather than requiring it as cash at closing, which is why the example's $289,500 base loan grows to about $294,566.
Does the annual MIP ever go away like conventional PMI can? Not usually with less than 10% down — the 0.55% annual MIP on FHA loans typically stays for the life of the loan, unlike conventional private mortgage insurance, which can be cancelled once enough equity is built.
Is the FHA Loan Calculator free to use? Yes — it is completely free, with no sign-up, no download and no usage limits. You can use it as often as you need.
Is my data private? Yes. The calculation runs entirely in your browser — the values you enter are never sent to our servers, stored or shared with anyone.
What information do I need? Just the following: Home Price, Down Payment (%), Annual Interest Rate, Loan Term. Each field includes a hint explaining exactly what to enter.
Can I use it on my phone? Yes — the tool is fully responsive and works on any device, and the same calculator is available in the EasyWorkCalcs mobile app.
Privacy
Everything you enter into the FHA Loan Calculator is processed entirely in your browser. Nothing is uploaded, stored or shared — your data stays on your device.