What this FHA payment includes
This calculator combines principal and interest, monthly FHA mortgage insurance, property tax, homeowner insurance, and HOA dues into one monthly estimate.
It also shows the upfront mortgage insurance premium (UFMIP) and whether that UFMIP is included in the loan amount used for the P&I payment.
How to use this calculator
- Enter a home price and down payment percentage.
- Use the sample FHA interest rate, tax rate, insurance, and HOA values or replace them with your own assumptions.
- Choose whether upfront MIP is financed into the FHA loan amount.
- Read the payment breakdown and source notes before comparing scenarios.
Popular FHA tools
- FHA MIP Calculator — estimate upfront MIP, monthly MIP, duration, and yearly MIP summary.
- FHA vs Conventional Calculator — compare FHA MIP with conventional PMI under editable assumptions.
- Methodology — read the calculation assumptions and source policy links.
Important limits
This v1 tool does not check county FHA loan limits, debt-to-income ratios, credit eligibility, lender overlays, seller concessions, late charges, UFMIP refund amounts, 203(k), streamline refinance, 15-year loans, ARMs, or refinance scenarios.
FAQ
Is this an official FHA or HUD calculator?
No. FHA Calcs is independent and not affiliated with HUD, FHA, or any government agency.
Does this calculator decide whether I qualify?
No. It estimates payment components only. Qualification depends on lender underwriting, FHA rules, county loan limits, income, debts, credit, property type, and other factors.
Why does the MIP amount change by year?
Periodic MIP uses an annual average outstanding balance from the amortization schedule, so it gradually changes as the loan balance pays down.