Calculate your FHA loan monthly payment including principal, interest, upfront MIP, annual MIP, property tax, and insurance. See the true cost of an FHA mortgage with all MIP fees.
FHA Loan Calculator helps you make informed financial decisions using current rates and proven formulas. Adjust the inputs below to match your situation and see your personalized results update in real time.
Results are estimates only. Not financial advice.
🔒 Financial Disclaimer: These calculations are estimates for informational purposes only. Results are not financial advice. Consult a qualified financial advisor before making major financial decisions.
Calculations based on publicly available data from government agencies. Actual results may vary based on individual circumstances.
30-year fixed-rate mortgages — updated April 2026
| Lender | Rate | APR | Est. Payment | Action |
|---|---|---|---|---|
Community Credit UnionBest Rate | 6.125% | 6.280% | $1,217/mo | |
National Lending Co | 6.250% | 6.410% | $1,231/mo | |
Big Bank Mortgage | 6.375% | 6.520% | $1,247/mo | |
Premier Mortgage | 6.450% | 6.580% | $1,258/mo | |
Digital Home Loans | 6.500% | 6.630% | $1,264/mo |
Rates shown are for illustrative purposes. Actual rates may vary based on credit score, loan amount, down payment, and market conditions. Contact lenders directly for personalized rate quotes.
FHA loans are government-backed mortgages insured by the Federal Housing Administration, designed to help first-time homebuyers and borrowers with lower credit scores achieve homeownership. Unlike conventional loans that typically require a 20% down payment and a credit score of 620 or higher, FHA loans allow down payments as low as 3.5% with a credit score of 580 or above. Borrowers with credit scores between 500 and 579 may still qualify with a 10% down payment. The trade-off for these flexible requirements is mortgage insurance premiums (MIP). FHA loans require two types of MIP: an upfront premium of 1.75% of the base loan amount (usually rolled into the loan balance) and an annual premium that varies based on your loan term and loan-to-value ratio. For loans with terms greater than 15 years, the annual MIP ranges from 0.50% to 0.55% of the loan balance. For loans of 15 years or less, it ranges from 0.15% to 0.50%. This calculator factors in both MIP costs along with your principal, interest, property taxes, and homeowners insurance to give you the complete monthly payment picture. It also shows the total cost of MIP over the life of the loan so you can understand the full cost of FHA financing compared to conventional options.
Result: With a 3.5% down payment ($10,500) on a $300,000 home, the FHA loan amount is $289,500. The upfront MIP is $5,066 (1.75%). Annual MIP is ~$2,461/year (0.85%). Monthly payment including MIP is approximately $1,981/month — compared to a conventional loan at 20% down with no PMI at ~$1,520/month. The FHA premium adds ~$461/month vs. conventional.
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