FHA Loan Calculator Online
Estimate your FHA mortgage payment, including upfront and monthly mortgage insurance, right in your browser. Estimates only — not financial advice.
The FHA Loan Calculator runs entirely in your browser. The home price, rate, MIP rates, and any tax or insurance figures you enter never leave your device. Results are estimates only, not financial advice.
Open the Mortgage Calculator
About FHA Loan Calculator
FHA Loan Calculator estimates the monthly payment on a Federal Housing Administration loan, including the two mortgage insurance premiums that make FHA loans different from a conventional mortgage. It finances the upfront mortgage insurance premium (UFMIP) into the loan balance, then adds the ongoing annual mortgage insurance premium (MIP) as a monthly charge, alongside principal & interest and any property tax or homeowners insurance you enter. A full amortization schedule shows how the total loan pays down over time. It is useful for first-time buyers exploring FHA financing, agents sketching payment scenarios, or anyone comparing an FHA loan against a conventional one. These figures are estimates only, not financial advice — FHA rates and rules can change, so confirm the final numbers with an FHA-approved lender. Everything runs locally in your browser; nothing is uploaded.
Features
- Computes the base FHA loan from home price and a down payment as low as 3.5%
- Finances the upfront mortgage insurance premium (UFMIP) into the total loan
- Calculates the ongoing monthly MIP from the total financed loan amount
- Adds yearly property tax and homeowners insurance as a monthly amount
- Shows monthly principal & interest, monthly MIP and the all-in monthly total
- Full month-by-month amortization schedule, capped for fast scrolling
- Lets you adjust the upfront and annual MIP rates if HUD updates them
- Runs entirely in your browser — your loan figures never leave your device
How to use the FHA Loan Calculator
- Enter the home price and your planned down payment percent (FHA minimum is 3.5%)
- Enter the annual interest rate and the loan term in years
- Adjust the upfront and annual MIP rates if needed, or leave the defaults
- Optionally add yearly property tax and homeowners insurance
- Read the monthly principal & interest, monthly MIP, and monthly total
Example
Input
$250k, 3.5% down, 6%
Output
Monthly (P&I+MIP): ~$1,560
Common errors & troubleshooting
- Down payment percent is ignored or reset. — FHA loans require a minimum of 3.5% down — the FHA Loan Calculator floors any lower entry to 3.5%, which is expected FHA behavior, not a bug.
- Monthly total looks higher than a similar conventional mortgage quote. — FHA loans add an upfront MIP financed into the loan plus a monthly MIP that a conventional loan with 20% down does not have — that difference is expected.
- Upfront MIP amount seems too small or too large. — Upfront MIP is a percent of the base loan (before it's added in), not the home price — confirm the upfront MIP rate field matches current HUD guidance.
- Interest rate entered as a decimal instead of a percent. — Enter the rate as 6 for 6%, not 0.06 — a decimal entry will produce an unrealistically low payment.
Frequently asked questions
- What does the FHA Loan Calculator include in the monthly payment?
- Principal & interest on the total financed loan, the ongoing monthly mortgage insurance premium (MIP), and any yearly property tax or homeowners insurance you enter, spread across 12 months.
- How does the FHA Loan Calculator handle the upfront mortgage insurance premium?
- It calculates UFMIP as a percent (default 1.75%) of the base loan, then finances that amount into the total loan balance, which is what the monthly principal & interest payment is based on.
- What is the minimum down payment the FHA Loan Calculator allows?
- FHA loans require at least 3.5% down. If you enter a lower percent, the calculator floors it to 3.5%, matching HUD's minimum down payment rule.
- How is the monthly MIP calculated in the FHA Loan Calculator?
- Monthly MIP is the total financed loan multiplied by the annual MIP rate (default 0.55%), divided by 12. You can adjust the rate if HUD updates it.
- Is the FHA Loan Calculator's estimate exact?
- No — it is an estimate only, not financial advice. FHA MIP rates and minimum down payment rules are set by HUD and can change, so confirm final numbers with an FHA-approved lender.
- Does the FHA Loan Calculator upload my loan numbers anywhere?
- No. Every calculation happens locally in your browser. The home price, rate, term and any tax or insurance figures you enter are not sent to ArrayKit or anywhere else.
Related tools
All ArrayKit tools