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FHA loan calculator

Estimate the payment on an FHA-insured mortgage. It applies the minimum down payment for your credit score (3.5% at 580+, 10% at 500–579), finances the 1.75% upfront mortgage insurance premium (UFMIP), adds the monthly annual MIP, and totals principal, interest and insurance — plus optional taxes, home insurance and HOA.

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Enter Home price, Down payment as, Down payment value, Credit score, Loan term (years), Interest rate (APR), Monthly property tax (optional), Monthly home insurance (optional), Monthly HOA (optional) and the FHA loan calculator works out Minimum down payment required, Base loan amount, UFMIP (1.75%, financed), Total loan (base + UFMIP), Monthly principal & interest, Monthly MIP, Total monthly payment straight away. For instance, with Home price = $300,000.00, Down payment as = Percent of price, Down payment value = 3.5, Credit score = 680, Loan term (years) = 30, Interest rate (APR) = 6.5%, Monthly property tax (optional) = $0.00, Monthly home insurance (optional) = $0.00 and Monthly HOA (optional) = $0.00 it returns Minimum down payment required = 3.5%, Base loan amount = $289,500.00 and UFMIP (1.75%, financed) = $5,066.25.

How to use it

  1. Enter your values: Home price, Down payment as, Down payment value, Credit score, Loan term (years), Interest rate (APR), Monthly property tax (optional), Monthly home insurance (optional), Monthly HOA (optional).
  2. Read the result instantly: Minimum down payment required, Base loan amount, UFMIP (1.75%, financed), Total loan (base + UFMIP), Monthly principal & interest, Monthly MIP, Total monthly payment.

Frequently asked questions

What does the FHA loan calculator actually compute?

It takes Home price, Down payment as, Down payment value, Credit score, Loan term (years), Interest rate (APR), Monthly property tax (optional), Monthly home insurance (optional) and Monthly HOA (optional) and derives Minimum down payment required, Base loan amount, UFMIP (1.75%, financed), Total loan (base + UFMIP), Monthly principal & interest, Monthly MIP and Total monthly payment from them. The calculation is live as you type, so the result updates on every change.

What information do I need to provide?

9 values: Home price ($), Down payment as, Down payment value, Credit score, Loan term (years), Interest rate (APR) (%), Monthly property tax (optional) ($), Monthly home insurance (optional) ($) and Monthly HOA (optional) ($). Nothing else is required — no account, no file upload.

Can you show a worked example?

With Home price = $300,000.00, Down payment as = Percent of price, Down payment value = 3.5, Credit score = 680, Loan term (years) = 30, Interest rate (APR) = 6.5%, Monthly property tax (optional) = $0.00, Monthly home insurance (optional) = $0.00 and Monthly HOA (optional) = $0.00, the calculator returns Minimum down payment required = 3.5%, Base loan amount = $289,500.00 and UFMIP (1.75%, financed) = $5,066.25. Those figures come from running this exact tool, so you can reproduce them by entering the same values.

What happens if I enter larger values?

It moves a lot. Using Home price = $600,000.00, Down payment as = Fixed amount, Down payment value = 7, Credit score = 1,360, Loan term (years) = 60, Interest rate (APR) = 7.15%, Monthly property tax (optional) = $5.00, Monthly home insurance (optional) = $5.00 and Monthly HOA (optional) = $5.00 instead, Base loan amount goes from $289,500.00 to $599,993.00 — which is why it is worth testing a few scenarios rather than trusting a single figure.

Which “Down payment as” option should I choose?

You can pick between « Percent of price » and « Fixed amount ». Each one changes what the calculator works out, so switch and compare — the default is « Percent of price ».

Which units should I enter the values in?

Enter Interest rate (APR) %.

What does it give for smaller values?

Scaled down to Home price = $150,000.00, Down payment as = Percent of price, Down payment value = 1.75, Credit score = 340, Loan term (years) = 15, Interest rate (APR) = 5.85%, Monthly property tax (optional) = $1.00, Monthly home insurance (optional) = $1.00 and Monthly HOA (optional) = $1.00, Minimum down payment required comes out at 10%. The relationship is worth checking at both ends before you rely on a single result.

When would I actually use this?

Before making an offer: what the bank will lend, what the purchase costs on top of the price, and how much deposit closes the gap.

What is the most common mistake?

Budgeting for the price and forgetting the acquisition costs. Notary fees, transfer duty and registration add between 2% and 15% depending on the country — enough to sink an offer.

How accurate is it, and what are the limits?

Estimate only. FHA UFMIP is 1.75%; annual MIP (~0.55%) varies with loan size, term and LTV, and often lasts the life of the loan. Confirm current HUD figures with your lender. Not financial advice.

Further reading

All guides →
ExplainerFHA Loans and the Insurance That Does Not Go AwayAn FHA loan buys a lower entry barrier with a permanent cost. Two premiums: 1.75 percent upfront, financed, which costs $8,616 in interest on a $6,755 charge; and an annual premium that at the minimum down payment runs for the whole term. The break-even against a conventional loan is not a date — it is a PMI rate, and it is 1.26 percent.ExplainerVA Loans: The Funding Fee and What You Are Not PayingNo down payment, no mortgage insurance at any loan-to-value ratio, and one funding fee — 2.15 percent on a first-use purchase with nothing down, waived entirely for disability-compensated veterans. On a $400,000 house that $8,600 fee equals between two and seven years of the private mortgage insurance it replaces.ExplainerA Construction Loan Is Not a MortgageFunds arrive in stages and interest accrues only on what has been drawn. On a $400,000 facility at 8.5 percent over twelve months, that is $18,062.50 rather than the $34,000 the headline rate implies — 53.13 percent of it.ExplainerFinancing Land Is the Hardest Money to BorrowLarger deposit, shorter term, higher rate, and a balloon at year five. On the same $120,000 plot, the land loan costs $768.10 a month against a mortgage's $606.79 — and demands $18,000 more at closing.How-toHow to Read an Amortization ScheduleUnderstand an amortization schedule row by row: how each payment splits into principal and interest, and why early payments are mostly interest.How-toHow Much Down Payment Do You Need to Buy a Home?How to work out a down payment: typical percentages, the 20% PMI threshold in the US, and how the amount you put down changes your monthly payment.