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FHA Loan Calculator

Estimate your monthly FHA loan payment including taxes, insurance and annual MIP.

Estimate your FHA Loan payment:

Your Estimated
Monthly Payment:

  • Principal & Interest
  • Taxes
  • Insurance
  • Monthly MIP

Loan Totals:

  • Purchase Price
  • Down Payment
  • Upfront MIP
  • Total Loan Amount

We believe in transparency (and keeping you informed). Remember, these are ballpark numbers. Talk with a Loan Officer for real results.

Estimated Taxes & Insurance: We estimate property taxes and annual homeowners insurance at 1.2% and 0.35% of the home’s value, respectively. Every state and personal situation is different – learn about your situation here.

Monthly MIP: The Mortgage Insurance Premium (MIP) is the FHA’s version of PMI, a monthly payment that protects lenders in case of loan default. This ranges from 0.45% to 1.05%. We estimate it at 0.85% as the average amount for most borrowers.

Upfront MIP: You can think of this as the FHA funding fee. 1.75% of the loan amount is due at closing – most people finance it together with the mortgage.

Amount Financed: Purchase Price (-) Down Payment (+) Upfront MIP

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Estimated Monthly Payment:
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