What is the upfront FHA mortgage insurance premium and how much is it?

The upfront MIP is typically 1.75% of the loan amount and can be financed into the loan or paid at closing. It is required for all FHA loans regardless of down payment size.

How does the annual FHA mortgage insurance premium work?

The annual MIP depends on your loan term and loan-to-value ratio; for most 30-year loans with less than 10% down, it is 0.85% of the loan amount per year, divided monthly into your payment.

Can I remove FHA mortgage insurance later?

FHA mortgage insurance cannot be removed early if you put less than 10% down; you must either refinance into a conventional loan or wait until the loan balance reaches 78% of the home's original value.

What loan term options do FHA calculators typically offer?

Most FHA calculators offer 15-year and 30-year loan terms, with 30-year terms being the most common for lower monthly payments.

Do FHA loan calculators include property taxes and home insurance?

Many FHA calculators let you add property taxes, home insurance, and HOA fees for a more complete monthly payment estimate, though some only calculate principal and interest.

Loans & Mortgages3 options compared

FHA Loan Calculator

Prospective homebuyers and homeowners looking to refinance through the Federal Housing Administration can use this calculator to estimate their monthly mortgage obligations. By inputting details like the home price, down payment, and interest rate, users receive a clear breakdown of principal and interest payments alongside total interest costs. The calculator also factors in FHA-specific...

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Editors’ Top PickBased on community votes

Financial Toolset

financialtoolset.com

Calculate FHA loan payments with mortgage insurance. Compare FHA vs conventional loans. Free FHA mortgage calculator.

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Calculator.net
calculator.net
Free FHA loan calculator to find the monthly payment, total interest, and amortization details of an FHA loan, or lea...
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03
03
Omni Calculator
omnicalculator.com
FHA loan calculator helps you estimate the monthly payments and total cost of financing your home with an FHA loan.
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Side by side

FHA Loan Calculator options compared

Tool	Best for	Strengths	Limitations
Financial Toolset financialtoolset.com	Users who need FHA vs conventional comparison	Includes upfront and annual mortgage insurance Direct FHA vs conventional loan comparison	Page includes advertisements
Calculator.net calculator.net	People who want detailed cost breakdowns	Shows property tax, home insurance, and HOA fees Includes optional extra payments and biweekly options	Fewer unit options More fields to fill out
Omni Calculator omnicalculator.com	Users who want a clean, modern interface	Simple input fields for home price, down payment, interest rate Shows total cost of loan and monthly MIP	Less detailed breakdown compared to others

Buyer's guide

How to choose a fha loan calculator

When picking an FHA loan calculator, the most important factor is whether the tool includes FHA-specific costs like upfront and annual mortgage insurance premiums, since those significantly change your monthly payment. You should also consider if you want to compare FHA loans to conventional loans side by side, and whether you need extra features like property tax, insurance, or the ability to model extra payments. The differences worth caring about are the inclusion of mortgage insurance in the base payment, the clarity of the amortization schedule, and whether the tool lets you toggle conventional loan terms for easy comparison.

Questions

FHA Loan Calculator FAQ

What is the upfront FHA mortgage insurance premium and how much is it?: The upfront MIP is typically 1.75% of the loan amount and can be financed into the loan or paid at closing. It is required for all FHA loans regardless of down payment size.
How does the annual FHA mortgage insurance premium work?: The annual MIP depends on your loan term and loan-to-value ratio; for most 30-year loans with less than 10% down, it is 0.85% of the loan amount per year, divided monthly into your payment.
Can I remove FHA mortgage insurance later?: FHA mortgage insurance cannot be removed early if you put less than 10% down; you must either refinance into a conventional loan or wait until the loan balance reaches 78% of the home's original value.
What loan term options do FHA calculators typically offer?: Most FHA calculators offer 15-year and 30-year loan terms, with 30-year terms being the most common for lower monthly payments.
Do FHA loan calculators include property taxes and home insurance?: Many FHA calculators let you add property taxes, home insurance, and HOA fees for a more complete monthly payment estimate, though some only calculate principal and interest.

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