FHA Mortgage Calculator | Monthly Payment, MIP, Upfront Premium, 3D Doughnut Chart

FHA Mortgage Calculator — Global Display, Responsive, and SEO-Optimized

Estimate monthly FHA payments with principal & interest, upfront MIP, annual MIP, property taxes, insurance, and HOA. Beautiful 3D doughnut chart. No sliders—just accurate inputs.

FHA mortgage calculator

Currency label Display only. Works anywhere (e.g., USD, EUR, PKR, GBP).

Home price

Down payment (%)

Down payment (amount)

Interest rate (annual %)

Loan term (years)

Annual property tax

Annual homeowner’s insurance

Monthly HOA (optional)

Upfront MIP rate (%) Typically 1.75%. You can edit if needed.

Annual MIP rate (%) Varies by term and LTV. Default provided; adjust per your scenario.

Finance upfront MIP into loan?

First payment date

Base loan amount

—

Excludes financed upfront MIP

Monthly payment (total)

—

P&I + MIP + taxes + insurance + HOA

Estimated payoff date

—

— months

Principal Interest Annual MIP Taxes & Insurance HOA

Understand FHA mortgages and monthly payments

FHA mortgages are designed to make homeownership more accessible with lower down payment options and flexible credit guidelines. Your monthly payment typically includes principal and interest, mortgage insurance premiums (MIP), property taxes, homeowner’s insurance, and any HOA fees.

What makes FHA different

Unlike conventional loans, FHA loans include an upfront mortgage insurance premium that can be financed into the loan, plus an annual MIP paid monthly. These insurance premiums reduce lender risk and allow lower down payments for qualified borrowers.

How monthly MIP works

The annual MIP is based on your loan term and loan-to-value (LTV) ratio and is divided into monthly installments. As your balance falls, MIP can change according to your loan terms and rules; always check your lender’s specifics for exact factors.

Tips for students and professionals

Build a realistic budget: Include taxes, insurance, HOA, and MIP—not just principal and interest.
Compare scenarios: Test different down payments and MIP assumptions to see true monthly impact.
Maintain reserves: Keep an emergency cushion before stretching for a purchase.
Watch your LTV: A slightly larger down payment may reduce annual MIP and total cost.

FHA isn’t just about qualifying—it’s about clarity. When you see every cost, you make confident choices.

Step-by-step guide to use this FHA calculator

Enter home price: The expected purchase price.
Set your down payment: Use percentage or amount—both fields sync.
Add interest rate and term: Choose years that fit your budget.
Include taxes, insurance, HOA: Use your best local estimates.
Adjust MIP rates: Keep default values or edit based on your scenario.
Choose to finance upfront MIP: Include it in the loan or pay upfront.
Calculate: Review monthly totals, payoff date, and the 3D doughnut breakdown.

Currency is a label only, so you can use this calculator globally—values are unit-agnostic.

Frequently asked questions

HOW TO calculate FHA monthly payment including MIP?

Start with principal and interest from your loan amount, rate, and term. Add monthly MIP (annual MIP rate divided by 12 times current balance), plus monthly estimates for taxes, insurance, and HOA to get the total.

HOW TO estimate upfront MIP and decide to finance it?

Multiply the base loan amount by your upfront MIP rate. If you finance it, the financed amount is added to your loan balance, slightly increasing principal and interest but preserving cash at closing.

HOW TO lower my FHA monthly payment?

Increase your down payment to reduce LTV, shop for a lower interest rate, and refine estimates for taxes and insurance. A lower LTV may also reduce annual MIP depending on rules for your loan.

HOW TO choose a term: 30 vs 15 years?

A 30-year term lowers monthly cost but increases total interest. A 15-year term raises monthly cost but reduces interest and may affect MIP factors. Pick the path that fits your income stability and goals.

HOW TO use this tool for non-US currencies?

Enter your preferred currency label (e.g., PKR, EUR). The math is unit-agnostic; the label controls only display. For local taxes/insurance, use country-appropriate estimates.

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