FHA Mortgage Calculator

Use this FHA mortgage calculator to estimate your monthly FHA loan payment, including principal, interest, property taxes, homeowners insurance, and FHA mortgage insurance premiums (MIP). Adjust your home price, down payment, interest rate, and loan term to compare payment scenarios before buying a home.

Enter the home purchase price and your down payment percentage to estimate the FHA loan amount. Your base loan amount is the purchase price minus the down payment.

FHA loans can allow a relatively small down payment for eligible borrowers, but the amount required depends on factors such as credit history, property eligibility, and current FHA lending rules.

Compare different down payment amounts to see how borrowing less may affect your monthly principal and interest payment. You can also use the down payment calculator to estimate the cash needed upfront.

Your FHA mortgage payment for principal and interest depends on the loan amount, annual interest rate, and repayment term. A lower interest rate or shorter loan term can reduce total interest, although a shorter term generally increases the monthly principal and interest payment.

Change the interest rate and choose a loan term to compare estimated payments. For a broader estimate that includes property taxes and homeowners insurance, use the mortgage payment calculator.

FHA loans generally include mortgage insurance costs. The upfront mortgage insurance premium (UFMIP) is commonly financed into the loan, while the annual mortgage insurance premium (MIP) is typically paid monthly. The applicable premiums depend on FHA rules, including factors such as loan term, loan amount, and loan-to-value ratio.

Enter the applicable upfront and annual MIP assumptions to estimate how insurance affects your payment. The calculator provides an estimate based on the rates entered; it does not automatically determine the official FHA premium for every borrower. For a comparison of insurance types, see PMI vs. FHA MIP.

Your total monthly housing cost may be higher than the principal and interest payment alone. Enter estimated annual property taxes and homeowners insurance, along with any monthly homeowners association (HOA) fees, to get a more complete view of your housing budget.

Property taxes vary by location, while insurance costs depend on the property and coverage. HOA fees may apply to condominiums, planned communities, and some other properties. These expenses are separate from FHA mortgage insurance and can change over time.

The down payment and upfront FHA mortgage insurance premium are only part of the cash you may need to buy a home. Closing costs can include lender charges, appraisal fees, title services, prepaid expenses, and other transaction costs. This calculator estimates selected upfront amounts based on the inputs provided, but it does not calculate every possible closing expense.

Use the results as an initial planning estimate, then compare them with your lender’s official Loan Estimate. You can also review the FHA mortgage requirements to understand how down payment rules may affect your purchase.