How This Calculator Works
This calculator uses the standard amortization formula to calculate your monthly payment.
The payment is split between principal and interest each month.
FHA Loan Calculator
Estimate your FHA mortgage payment including upfront and annual mortgage insurance, then compare it against a conventional loan.
Last updatedHow we build & check our tools
Calculator
$1000$50000000
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3.5%100%
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0.1%30%
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Results
Loan-to-Value (LTV)
96.50%
Upfront MIP (1.75% of base loan, financed)
$4,375.00
Total Loan Amount (base loan + financed UFMIP)
$254,375.00
Annual MIP Rate (HUD ML 2023-05)
0.55%
Monthly Principal & Interest
$1,692.36
Estimated Monthly MIP (first year, on base loan)
$114.58
Monthly Payment Including MIP
$1,806.95
Annual MIP Duration (years)
30
Total of All P&I Payments
$609,250.76
Total Interest Paid
$354,875.76
Loan Cost Breakdown
Principal$250000.00
Interest$354,875.76
This calculator uses the standard amortization formula to calculate your monthly payment.
The payment is split between principal and interest each month.
When to Use FHA Loan Calculator - FHA Mortgage Payment
FHA Loan Calculator - FHA Mortgage Payment is most useful when you need a quick, repeatable check before moving numbers into a quote, spreadsheet, estimate, or comparison.
Start with the fields the tool asks for - Loan Amount, Interest Rate (APR), Loan Term (Years) - then review Monthly Payment, Total of All Payments, Total Interest Paid before copying the answer into a larger workflow.
This makes the page useful as a planning aid, a second-opinion check, and a way to catch obvious input mistakes before they become spreadsheet or paperwork errors.
Worked Example and Scenario Check
Example: enter a realistic sample value first, confirm that the output is in the expected range, then replace it with your real value.
If the calculator includes fields such as Loan Amount, Interest Rate (APR), Loan Term (Years), change one input at a time and watch how Monthly Payment, Total of All Payments, Total Interest Paid responds.
A useful workflow is to run a low case, expected case, and high case.
That gives you a range instead of a single fragile answer and makes it easier to explain the result to someone reviewing the numbers later.
Accuracy Checklist
Checklist before relying on the result:
- Confirm that every source value is in the expected unit, period, currency, or percentage format.
- Check whether any input was rounded before you entered it.
- Keep enough decimal places for follow-up math, then round only in the final report.
- Save the assumptions next to the result so another person can review the same scenario.
- If the value affects a contract, invoice, engineering decision, tax filing, loan, insurance decision, or financial plan, verify it against the source that controls your specific case.
Privacy and Workflow Notes
The calculator is designed as a working aid rather than a permanent record.
Avoid putting sensitive identifiers, account numbers, customer names, addresses, or proprietary project details into screenshots, notes, or shareable URLs.
Keep the original source value next to the converted or calculated result so the work can be reviewed later.
For comparison workflows, related tools such as /tools/housing-real-estate/usda-loan-calculator/, /tools/housing-real-estate/cash-out-refinance-calculator/, /tools/housing-real-estate/closing-costs-calculator/ can help validate whether the result is reasonable from another angle.
Common Mistakes to Avoid
Common mistakes include mixing monthly and annual figures, entering a percentage as a whole number when the tool expects a percent, copying a rounded result into another calculation, and comparing outputs that were created from different assumptions.
If the result looks too high or too low, reset to a simple test case, confirm the source fields (Loan Amount, Interest Rate (APR), Loan Term (Years)), and rerun the scenario before changing formulas or overwriting saved work.
FHA Loan Calculator - FHA Mortgage Payment Calculator: computed scenarios
What the math behind this calculator produces as the Base Loan Amount changes, in even steps across its supported range (including the default value). All other inputs are held constant: Down Payment (%) = 3.50%; Interest Rate (APR) = 7.00%; Loan Term (Years) = 30.
| Base Loan Amount | Monthly Payment Including MIP | Loan-to-Value (LTV) | Upfront MIP (1.75% of base loan, financed) | Total Loan Amount (base loan + financed UFMIP) | Annual MIP Rate (HUD ML 2023-05) |
|---|---|---|---|---|---|
| $1,000 | $0.00 | 96.50% | $17.50 | $0.00 | 0.00% |
| $250,000 | $0.00 | 96.50% | $4,375.00 | $0.00 | 0.00% |
| $10,000,800 | $0.00 | 96.50% | $175,014.00 | $0.00 | 0.00% |
| $20,000,600 | $0.00 | 96.50% | $350,010.50 | $0.00 | 0.00% |
| $30,000,400 | $0.00 | 96.50% | $525,007.00 | $0.00 | 0.00% |
| $40,000,200 | $0.00 | 96.50% | $700,003.50 | $0.00 | 0.00% |
| $50,000,000 | $0.00 | 96.50% | $875,000.00 | $0.00 | 0.00% |
Every figure above is computed by this page's own formula — the same evaluator that powers the interactive tool — not copied from elsewhere. Generated 2026-11-13; treat the rows as illustrative scenarios, not predictions or advice.
Key Financial Terms
Understand the essential concepts behind this calculator
Frequently Asked Questions
Common questions about the FHA Loan Calculator
Monthly payment is calculated using the amortization formula: M = P [ i(1 + i)^n ] / [ (1 + i)^n - 1], where P is principal, i is monthly interest rate, and n is number of payments.
Sources & References
FHA Single Family Housing Policy Handbook
Comprehensive HUD handbook covering FHA loan policies, requirements, and guidelines
FHA Single Family Housing Policy Handbook
Comprehensive HUD handbook covering FHA loan policies, requirements, and guidelines
FHA Mortgage Insurance Premiums
Official HUD guidance on FHA mortgage insurance premium calculations and requirements
FHA Mortgage Insurance Premiums
Official HUD guidance on FHA mortgage insurance premium calculations and requirements
FHA Loan Limits by County
County-by-county FHA loan limits updated annually by HUD
FHA Loan Limits by County
County-by-county FHA loan limits updated annually by HUD
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