Calculated using standard mathematical and industry formulas.
Calculate and analyze fha loan calculator results instantly.
How to use this calculator?
Enter the home purchase price.
Enter your down payment percentage (FHA requires a minimum of 3.5% down for credit scores 580+).
Enter your interest rate and select a 15-year or 30-year loan term.
Adjust the annual Mortgage Insurance Premium (MIP) percentage if known (default is 0.55%).
Read your total monthly payment (Principal, Interest, and Monthly MIP) and total loan amount financed.
Formula & calculation method
FHA Mortgage Insurance & Loan Equations
Base Loan = Price − Down Payment · UFMIP = Base Loan × 0.0175 · Total Loan = Base Loan + UFMIP · Monthly MIP = (Base Loan × MIP%) ÷ 12
Standard UFMIP is fixed at 1.75%. Annual MIP rate is 0.55% for 30-year loans with 3.5% down.
Step-by-step calculation example
$300,000 home with 3.5% down ($10,500) → Base Loan: $289,500 + $5,066.25 UFMIP = $294,566.25 Total Loan (@6.5% P&I $1,861.85 + $132.69 MIP = $1,994.54/mo).
Key insights to remember
FHA loans require a mandatory 1.75% Upfront Mortgage Insurance Premium (UFMIP) that is added to your base loan balance.
Unlike conventional PMI, FHA annual MIP remains for the entire 30-year loan term if your initial down payment was under 10%.
FHA loans allow credit scores as low as 580 with a 3.5% down payment, or 500–579 with a 10% down payment.
The maximum debt-to-income (DTI) ratio for standard FHA approval is typically 31% front-end / 43% back-end.
How to interpret your results?
Total Monthly FHA Payment
The combined monthly obligation consisting of principal & interest plus the required monthly MIP payment.
Upfront MIP (1.75%)
A mandatory one-time fee added to the loan balance at closing, protecting the FHA lender against default.
Annual MIP Rate
An annual percentage fee (divided into 12 monthly payments) that varies based on loan amount, term, and initial down payment.
Frequently asked questions
Qu'est-ce qu'un loan garanti par la FHA ?
Un loan FHA est un loan immobilier garanti par le gouvernement fédéral américain via la Federal Housing Administration, conçu pour faciliter l'accès à la propriété aux primo-accédants.
Quel est l'down payment personnel minimum exigé pour un loan FHA ?
L'down payment minimum est de 3,5% pour les emprunteurs ayant un score de crédit FICO d'au moins 580.
Qu'est-ce que l'assurance MIP (Mortgage Insurance Premium) ?
L'assurance MIP comprend une prime initiale financée (Upfront MIP de 1.75%) et une prime annuelle répartie mensuellement (Annual MIP d'environ 0.55%).
Peut-on annuler l'assurance MIP FHA ?
Si vous avez versé moins de 10% d'down payment à l'achat, la prime MIP s'applique pendant toute la durée du loan (30 ans). Pour la supprimer, il faut refinancer en loan conventionnel.
Existe-t-il des limites au montant d'un loan FHA ?
Oui. La FHA fixe des plafonds de loan annuels par comté (FHA Loan Limits) en fonction du coût moyen de l'immobilier local.
Quelle est la différence entre un loan FHA et un loan conventionnel ?
Le loan FHA exige des critères de crédit plus souples et un down payment plus faible, mais impose une assurance MIP fixe. Le loan conventionnel exige un meilleur score FICO mais permet d'annuler le PMI.
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