FHA Loan Calculator

Calculate your FHA mortgage payment with detailed amortization schedule

Home Purchase Price ($)

Down Payment ($)

Interest Rate (%)

Loan Term (Years)

Annual Property Tax ($)

Annual Homeowners Insurance ($)

Annual FHA MIP Rate (%)

Your FHA Loan Results

Loan Amount (w/ Upfront MIP)

Monthly P&I

Monthly FHA MIP

Monthly Property Tax

Monthly Insurance

Total Monthly Payment
$0

Amortization Schedule

FHA Loan Calculator – Estimate Your Monthly FHA Mortgage Payment

Buying a home with an FHA loan can be one of the most affordable paths to homeownership, especially for first-time buyers or those with lower credit scores. Our FHA Loan Calculator helps you estimate your monthly mortgage payment, including principal, interest, FHA mortgage insurance (MIP), property taxes, and homeowners insurance—all in one place.

This calculator also includes a detailed amortization schedule, allowing you to see how your loan balance decreases over time, either monthly or annually. By adjusting the inputs, you can instantly understand how different home prices, down payments, interest rates, or loan terms affect your payment.

How This FHA Loan Calculator Works

Our calculator uses standard FHA mortgage formulas to give you accurate results:

1. Base Loan Calculation Calculates your base loan amount after down payment

2. Upfront MIP Added Adds the FHA upfront MIP (1.75%) into the loan balance

3. Monthly P&I Computed Computes monthly principal & interest

4. All Costs Included Includes monthly FHA MIP, taxes, and insurance

5. Total Payment Shown Shows your total monthly mortgage payment

6. Schedule Generated Generates a full amortization schedule (monthly or yearly)

This makes it easier to plan your budget and compare scenarios before speaking with a lender.

Why Use an FHA Loan Calculator?

An FHA loan comes with unique costs like upfront and annual mortgage insurance premiums, which many basic mortgage calculators ignore. This FHA-specific calculator ensures:

More realistic monthly payment estimates
Better financial planning
Clear understanding of long-term loan costs
Transparency through amortization schedules

Whether you're buying your first home or comparing loan options, this tool gives you clarity before you commit.

Related Mortgage & Home Buying Tools

To get a complete picture of your home-buying journey, you may also find these tools helpful:

Trusted External Resource

For official FHA loan guidelines, mortgage insurance rules, and borrower eligibility, you can also refer to this authoritative source:

U.S. Department of Housing and Urban Development (HUD) – FHA Loan Program Overview

This resource explains FHA requirements straight from the government.

Frequently Asked Questions (FAQs)

What is an FHA loan?

An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. It's designed to make homeownership more accessible with lower down payment and credit score requirements.

How much is the FHA down payment?

The minimum down payment is typically 3.5% of the home's purchase price for borrowers who meet credit requirements.

What is FHA mortgage insurance (MIP)?

FHA loans require:

Upfront MIP: 1.75% of the base loan amount (usually rolled into the loan)
Annual MIP: Paid monthly as part of your mortgage payment

This calculator includes both for accuracy.

Does this calculator include property taxes and insurance?

Yes. You can enter your annual property tax and homeowners insurance, and the calculator will include them in your total monthly payment.

What is an amortization schedule?

An amortization schedule shows how each payment is split between principal and interest over time. This calculator lets you view it monthly or yearly, so you can clearly see how your loan balance decreases.

Is this FHA loan calculator accurate?

This calculator uses standard mortgage formulas commonly used by lenders. However, actual loan terms may vary based on lender fees, credit profile, and local taxes. Always confirm final numbers with a licensed mortgage lender.

Final Thoughts

Using an FHA Loan Calculator before applying for a mortgage can save you time, reduce surprises, and help you make smarter financial decisions. Combine this tool with affordability and VA loan calculators to fully explore your options and choose the mortgage that fits your future best.