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FHA Loan Calculator

Enter the home price, your down payment (3.5% or more) and the loan terms. The calculator adds FHA mortgage insurance to principal, interest, tax and insurance to show your full monthly payment.

Your numbers

Leave blank to use HUD’s table for your term, base loan and loan-to-value. Type a rate to override it, for example from your lender’s quote.

Result

Estimate for information only, not professional advice. Last reviewed .

Tax year 2026. Tax figures last updated October 29, 2026. Sources.

How we calculate it

The base loan is the price minus the down payment. FHA charges an upfront mortgage insurance premium of 1.7500000000000002% of the base loan, which most borrowers add to the loan. Monthly principal and interest use the fixed-payment formula on the final loan amount.

The annual mortgage insurance premium is a percentage of the base loan, paid monthly, and comes from HUD’s table: for a term over 15 years and a base loan up to the national conforming limit it is 0.50% when the loan-to-value is 95% or less and 0.55% above that (0.70% and 0.75% for larger loans). For a term of 15 years or less it is 0.15% up to 90% loan-to-value and 0.40% above. Property tax is the price times the yearly rate divided by 12, insurance is the yearly cost divided by 12, and HOA dues are added as entered.

Assumptions and limits

  • FHA requires at least 3.5% down for most borrowers, and a lower credit score can require more. With 10% down or more the annual premium ends after 11 years; with less it lasts as long as the loan.
  • The rates are from HUD Mortgagee Letter 2023-05 (effective March 20, 2023). The base loan threshold is the national conforming loan limit. Lenders may price differently, so check your quote.
  • The FHA loan limit for a one-unit home is $541,287 in most counties and up to $1,249,125 in high-cost areas (2026).
  • Closing costs, credit rules and the property standards FHA requires are not included.

Frequently asked questions

What is the minimum down payment for an FHA loan?

It is 3.5% of the price for borrowers who meet the credit score requirement. Lower scores may need 10% down.

What is FHA mortgage insurance?

It protects the lender, not you. You pay a one-time upfront premium and a yearly premium that is billed monthly. It raises the cost compared with a conventional loan with 20% down.

Can I get rid of FHA mortgage insurance?

With less than 10% down it usually stays for the whole loan. With 10% or more down it can end after 11 years. Refinancing into a conventional loan can also remove it.

FHA or conventional?

FHA suits buyers with a smaller down payment or a lower credit score. A conventional loan can cost less if you have a larger down payment and a strong score, because its insurance can be cancelled.

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Worked example (a fixed example using the starting numbers, it does not change as you type)

Inputs: Home price ($) = 350000; Down payment (% of price) = 3.5; Interest rate (APR %) = 6.5; Loan term (years) = 30; Property tax (% of price per year) = 1.1; Home insurance ($ per year) = 1500; HOA dues ($ per month) = 0; Upfront premium (1.7500000000000002%) = Add it to the loan.

  • Total monthly payment $2,772.80
  • Principal and interest $2,172.17
  • Property tax $320.83
  • Home insurance $125.00
  • HOA dues $0.00
  • Annual mortgage insurance, per month $154.80
  • Annual mortgage insurance rate 0.55%
  • Mortgage insurance lasts the whole loan (30 years)
  • Upfront mortgage insurance premium $5,910.63
  • Loan amount (with the fee) $343,660.63
  • Cash needed at closing (down payment) $12,250.00
  • Total interest over the loan $438,320.19

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Last reviewed: . Formulas and assumptions are described on our methodology page. For information only; not professional advice.