FHA Home Loan Mortgage Calculator - Estimate Your Monthly Mortgage Payments

Estimate your FHA Loan payment:

1. Home Value:
2. Down Payment:
3. Down Payment Percent:
4. Loan Term:
  30 years
  15 years
5. Interest Rate: 4.083% APR Estimated rate, yours may differ.
6. Credit Score:
  Excellent 720+
  Good 680-719
  Fair 640-679
  Poor Below 640
7. Loan Type:
  FHA Purchase Loan
8. Property Tax Rate: Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Your Loan Officer can help you determine property tax rates in your area.
9. Homeowner’s Insurance: Annual homeowners insurance is typically 0.17% of the home's value but can vary based on insurer.
10. Monthly HOA: An amount of money that must be paid by certain types of residential property owners every month to their homeowners associations (HOAs).

Your Estimated
Monthly Payment:
$3,956

Principal & Interest (P&I) $2,930
Taxes & HOA $656
Mortgage Insurance $89
Annual MIP $281

Loan Totals:

Purchase Price $625,000
Down Payment $21,875
Upfront MIP $10,555
Total Loan Amount $613,680

Estimated Taxes & Insurance: Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.

Annual MIP The Annual MIP ranges from 0.45% to 1.05% depending on loan term, loan amount and down payment. However, for most FHA borrowers, the Annual MIP is 0.85% of the loan amount. The Annual MIP can last for the life of the loan, or be removed after 11 years if the original down payment is 10% or more.

Upfront MIP The Upfront MIP, sometimes referred to as the FHA funding fee, is 1.75% of the loan amount. This fee is due at closing and is typically financed into the entire loan amount to reduce out of pocket costs.

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