FHA Loan Calculator
Estimate your FHA mortgage payment including upfront and annual mortgage insurance premiums (MIP). See the full cost of an FHA loan.
FHA allows as little as 3.5% down. $10,500 is 3.5% of $300,000.
Mortgage insurance premium (MIP)
Monthly payment
$1,994.55
Includes $132.69 monthly MIP
Upfront MIP
$5,066
Total MIP paid
$52,834
Total interest
$375,703
FHA loans are backed by the Federal Housing Administration (US). MIP rates change over time and depend on the loan-to-value ratio and term.
How it works
Payment = amortising formula on (price × (1 − down%) + UFMIP 1.75%) + annual MIP added monthly. Price cap uses your county limit.
Example: $300,000 home, 3.5% down at 6% → ~$2,113/month including MIP.
FHA Loan Calculator on True Calculator gives you an instant, accurate answer with no sign-up and no app install. Estimate your FHA mortgage payment including upfront and annual mortgage insurance premiums (MIP). See the full cost of an FHA loan. Every result shows the formula and a worked example so you can verify the calculation yourself, and all values are computed in your own browser — your numbers never leave your device.
Popular uses: fha loan calculator · fha mortgage calculator · fha loan payment calculator
Last updated: August 2026
How We Calculate
This calculator uses standard mathematical formulas verified by our team. All calculations are performed instantly in your browser using JavaScript — no data is sent to any server. The formulas used are industry-standard and match those used by banks, financial institutions and health organizations.
For financial calculators, we use RBI-approved formulas and regularly updated bank rates. For health calculators, we use WHO-recommended formulas and medical standards. All rates and standards are sourced from official government and regulatory websites.
Frequently Asked Questions
What is an FHA loan?
It is a mortgage insured by the Federal Housing Administration and issued by approved lenders. It allows down payments as low as 3.5% and lower credit scores, making homeownership more accessible.
What is the FHA mortgage insurance premium (MIP)?
FHA loans require an upfront premium of 1.75% of the loan plus an annual premium of about 0.55% for most 30-year loans. This calculator includes both so your estimate reflects the real cost.
Can I remove FHA mortgage insurance?
For loans originated after June 2013, annual MIP stays for the life of the loan unless you put down 10% or more, in which case it drops off after 11 years. Refinancing to a conventional loan is another route.
Is this FHA loan calculator free to use?
Yes, True Calculator's FHA loan calculator is completely free with no sign-up, no app install and no usage limits.
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