FHA Loan Calculator

01Loan

FHA minimum is 3.5% with a 580+ credit score.

Loan term

02Taxes & insurance

Monthly FHA payment

$2,756

with MIP, taxes & insurance

Principal & interest
$2,115.97
Monthly MIP (year 1)
$156.67
Annual MIP rate
0.55%
MIP charged for
life of the loan
Upfront MIP
$5,911
Base loan amount
$337,750
Total loan amount
$343,660
Down payment
$12,250
Total annual MIP
$36,792
Total interest
$418,093
  • With a credit score of 500–579, FHA limits the loan to 90% of the value (10% down).
  • Annual MIP is charged for life of the loan and shrinks a little each year as the balance falls.

Monthly FHA payment: $2,756 with MIP, taxes & insurance

Show the breakdown
Your monthly FHA payment
LineMonthly
Principal & interest$2,116
FHA annual MIP (0.55%, year 1)$157
Property tax$350
Homeowners insurance$133
Monthly payment$2,756
Where each payment goes
77%TAKE-HOME
  • Principal & interest$2,11677%
  • FHA MIP$1575%
  • Property tax$35013%
  • Homeowners insurance$1335%

See the full breakdown and tables (opens in a new tab)

Calculator by CalcBloc · rates from official sources, checked 2026-10-17.