Estimate monthly FHA loan payment including mortgage insurance premium (MIP), property tax, insurance, and HOA. Includes 2026 FHA loan limits by county.
An FHA loan is a mortgage insured by the Federal Housing Administration, part of the U.S. Department of Housing and Urban Development. FHA loans are popular with first-time home buyers because they require as little as 3.5% down, accept lower credit scores (580+), and use more flexible debt-to-income guidelines than conventional loans. The trade-off is required mortgage insurance premium (MIP) — both upfront (1.75%) and annual (0.15-0.55%). Our FHA loan calculator includes the financed upfront MIP in the loan amount and adds monthly MIP to your PITI.
$2,740
$343,661
96.5%
$5,911
0.55%
$418,091
| Component | Amount |
|---|---|
| Principal & Interest | $2,116 |
| MIP (monthly mortgage insurance) | $158 |
| Property tax | $350 |
| Homeowners insurance | $117 |
| Total PITI + MIP | $2,740 |
FHA loans are insured by the Federal Housing Administration and require both an upfront MIP (1.75%, can be financed) and an annual MIP based on loan term and LTV. FHA loan limits vary by county; the 2026 baseline is $524,225, with high-cost counties up to $1,215,250.
Cross-checked against authoritative formulas (IRS, NIST, ACSM) and updated for 2025/2026 tax years and rates.
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An FHA loan calculator is a free mortgage planning tool that estimates monthly payments and total cost for a home loan insured by the Federal Housing Administration. Our FHA loan calculator factors in home price, down payment, mortgage rate, term, property tax, insurance, HOA, and FHA-specific mortgage insurance premium (MIP) — both upfront (1.75% financed into the loan) and annual (0.15-0.55% based on LTV and term). The FHA loan calculator shows whether your loan fits the FHA county limit and the lifetime cost of MIP.
How it works
Our FHA loan calculator computes monthly payment including principal, interest, taxes, insurance, and the FHA mortgage insurance premium (MIP) for any home price and down payment.
Type the home price and your down payment. FHA minimum is 3.5% with credit score 580+ (10% with 500-579). Our FHA loan calculator shows whether your loan stays within the county FHA limit.
Type the expected FHA mortgage rate (typically close to conventional rates, sometimes 0.25-0.5% lower) and loan term (15 or 30 years). The FHA loan calculator uses these to compute monthly principal and interest.
Type your local property tax rate, homeowners insurance rate, and any HOA dues. These are added to the monthly payment as part of PITI.
The FHA loan calculator shows monthly PITI + monthly MIP, financed upfront MIP, total loan amount, LTV, and whether your loan exceeds the FHA county limit. If your down payment is at least 10%, the annual MIP auto-cancels after 11 years (highlighted in the result).
Monthly P&I payment for an FHA loan at 6.25% for 30 years, 3.5% down (96.5% LTV), with MIP:
| Home price | Loan amount | P&I | Monthly MIP | Total monthly |
|---|---|---|---|---|
| $250,000 | ~$241,250 | $1,485 | $111 | $1,596 |
| $350,000 | ~$337,750 | $2,080 | $155 | $2,234 |
| $450,000 | ~$434,250 | $2,674 | $199 | $2,873 |
| $524,225 FHA limit | ~$505,825 | $3,115 | $232 | $3,347 |
Includes upfront MIP (1.75% financed) + annual MIP (0.55% for >90% LTV, 0.50% for ≤90% LTV). FHA loan limit varies by county. Use the calculator above with your specific scenario.
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