FHA Loan Calculator
Estimate your FHA loan monthly payment, upfront and annual mortgage insurance premium (MIP), and full amortization schedule — including low-down-payment scenarios backed by the FHA.
Results from this calculator are estimates provided for general informational purposes only, based on formulas, rates, and standards commonly accepted as of 2026. Figures may differ slightly from other calculators or professional sources due to rounding methods, differing assumptions, or regional regulations, and rules may change over time. Always consult a qualified professional — such as a financial advisor, healthcare provider, or other relevant specialist — before making decisions based on these results.
Total Monthly Payment
$2,273.49
Principal & interest: $2,115.98 + MIP: $157.51
Example
On a $350,000 home with a $12,250 down payment (3.5%), the base loan is $337,750. The upfront MIP is 1.75% of that, or $5,910.62, rolled into the loan. At 6.25% over 30 years, the principal & interest payment is $2,115.98, plus $157.51/month in annual MIP (which lasts for the life of the loan since you put down less than 10%).
Upfront MIP (UFMIP)
1.75% of the $337,750.00 base loan =
$5,910.62
Annual MIP
0.55% per year =
$157.51/month
Financed Loan Amount
$343,660.62
Total Interest
$418,091.30
Payoff Date
Aug 2056
Total cost of the loan: principal, interest, and MIP
- Principal: $343,660.62
- Total Interest: $418,091.30
- Total MIP: $56,704.00
What is an FHA Loan Calculator?
An FHA loan calculator estimates the monthly payment on a home loan insured by the Federal Housing Administration — a program designed to make homeownership more accessible with a low minimum down payment (3.5% with a credit score of 580 or higher) and more flexible credit requirements than most conventional loans.
In exchange for that flexibility, FHA loans require mortgage insurance in two parts: an upfront mortgage insurance premium (UFMIP) paid at closing or financed into the loan, and an annual MIP collected monthly. This calculator computes both automatically based on your down payment and loan term.
Remaining balance and cumulative interest over time
Amortization Schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $2,115.98 | $326.08 | $1,789.90 | $343,334.54 |
| 2 | $2,115.98 | $327.78 | $1,788.20 | $343,006.76 |
| 3 | $2,115.98 | $329.48 | $1,786.49 | $342,677.28 |
| 4 | $2,115.98 | $331.20 | $1,784.78 | $342,346.08 |
| 5 | $2,115.98 | $332.93 | $1,783.05 | $342,013.16 |
| 6 | $2,115.98 | $334.66 | $1,781.32 | $341,678.50 |
| 7 | $2,115.98 | $336.40 | $1,779.58 | $341,342.09 |
| 8 | $2,115.98 | $338.15 | $1,777.82 | $341,003.94 |
| 9 | $2,115.98 | $339.92 | $1,776.06 | $340,664.03 |
| 10 | $2,115.98 | $341.69 | $1,774.29 | $340,322.34 |
| 11 | $2,115.98 | $343.47 | $1,772.51 | $339,978.87 |
| 12 | $2,115.98 | $345.25 | $1,770.72 | $339,633.62 |
| 13 | $2,115.98 | $347.05 | $1,768.93 | $339,286.57 |
| 14 | $2,115.98 | $348.86 | $1,767.12 | $338,937.71 |
| 15 | $2,115.98 | $350.68 | $1,765.30 | $338,587.03 |
| 16 | $2,115.98 | $352.50 | $1,763.47 | $338,234.53 |
| 17 | $2,115.98 | $354.34 | $1,761.64 | $337,880.19 |
| 18 | $2,115.98 | $356.18 | $1,759.79 | $337,524.00 |
| 19 | $2,115.98 | $358.04 | $1,757.94 | $337,165.96 |
| 20 | $2,115.98 | $359.90 | $1,756.07 | $336,806.06 |
| 21 | $2,115.98 | $361.78 | $1,754.20 | $336,444.28 |
| 22 | $2,115.98 | $363.66 | $1,752.31 | $336,080.61 |
| 23 | $2,115.98 | $365.56 | $1,750.42 | $335,715.06 |
| 24 | $2,115.98 | $367.46 | $1,748.52 | $335,347.60 |
| 25 | $2,115.98 | $369.38 | $1,746.60 | $334,978.22 |
| 26 | $2,115.98 | $371.30 | $1,744.68 | $334,606.92 |
| 27 | $2,115.98 | $373.23 | $1,742.74 | $334,233.69 |
| 28 | $2,115.98 | $375.18 | $1,740.80 | $333,858.51 |
| 29 | $2,115.98 | $377.13 | $1,738.85 | $333,481.38 |
| 30 | $2,115.98 | $379.10 | $1,736.88 | $333,102.28 |
| 31 | $2,115.98 | $381.07 | $1,734.91 | $332,721.21 |
| 32 | $2,115.98 | $383.05 | $1,732.92 | $332,338.16 |
| 33 | $2,115.98 | $385.05 | $1,730.93 | $331,953.11 |
| 34 | $2,115.98 | $387.06 | $1,728.92 | $331,566.05 |
| 35 | $2,115.98 | $389.07 | $1,726.91 | $331,176.98 |
| 36 | $2,115.98 | $391.10 | $1,724.88 | $330,785.89 |
| 37 | $2,115.98 | $393.13 | $1,722.84 | $330,392.75 |
| 38 | $2,115.98 | $395.18 | $1,720.80 | $329,997.57 |
| 39 | $2,115.98 | $397.24 | $1,718.74 | $329,600.33 |
| 40 | $2,115.98 | $399.31 | $1,716.67 | $329,201.02 |
| 41 | $2,115.98 | $401.39 | $1,714.59 | $328,799.63 |
| 42 | $2,115.98 | $403.48 | $1,712.50 | $328,396.15 |
| 43 | $2,115.98 | $405.58 | $1,710.40 | $327,990.57 |
| 44 | $2,115.98 | $407.69 | $1,708.28 | $327,582.88 |
| 45 | $2,115.98 | $409.82 | $1,706.16 | $327,173.06 |
| 46 | $2,115.98 | $411.95 | $1,704.03 | $326,761.11 |
| 47 | $2,115.98 | $414.10 | $1,701.88 | $326,347.01 |
| 48 | $2,115.98 | $416.25 | $1,699.72 | $325,930.76 |
| 49 | $2,115.98 | $418.42 | $1,697.56 | $325,512.34 |
| 50 | $2,115.98 | $420.60 | $1,695.38 | $325,091.74 |
| 51 | $2,115.98 | $422.79 | $1,693.19 | $324,668.95 |
| 52 | $2,115.98 | $424.99 | $1,690.98 | $324,243.95 |
| 53 | $2,115.98 | $427.21 | $1,688.77 | $323,816.75 |
| 54 | $2,115.98 | $429.43 | $1,686.55 | $323,387.31 |
| 55 | $2,115.98 | $431.67 | $1,684.31 | $322,955.65 |
| 56 | $2,115.98 | $433.92 | $1,682.06 | $322,521.73 |
| 57 | $2,115.98 | $436.18 | $1,679.80 | $322,085.55 |
| 58 | $2,115.98 | $438.45 | $1,677.53 | $321,647.10 |
| 59 | $2,115.98 | $440.73 | $1,675.25 | $321,206.37 |
| 60 | $2,115.98 | $443.03 | $1,672.95 | $320,763.34 |
| 61 | $2,115.98 | $445.34 | $1,670.64 | $320,318.01 |
| 62 | $2,115.98 | $447.65 | $1,668.32 | $319,870.35 |
| 63 | $2,115.98 | $449.99 | $1,665.99 | $319,420.37 |
| 64 | $2,115.98 | $452.33 | $1,663.65 | $318,968.04 |
| 65 | $2,115.98 | $454.69 | $1,661.29 | $318,513.35 |
| 66 | $2,115.98 | $457.05 | $1,658.92 | $318,056.30 |
| 67 | $2,115.98 | $459.43 | $1,656.54 | $317,596.86 |
| 68 | $2,115.98 | $461.83 | $1,654.15 | $317,135.04 |
| 69 | $2,115.98 | $464.23 | $1,651.74 | $316,670.80 |
| 70 | $2,115.98 | $466.65 | $1,649.33 | $316,204.15 |
| 71 | $2,115.98 | $469.08 | $1,646.90 | $315,735.07 |
| 72 | $2,115.98 | $471.52 | $1,644.45 | $315,263.55 |
| 73 | $2,115.98 | $473.98 | $1,642.00 | $314,789.57 |
| 74 | $2,115.98 | $476.45 | $1,639.53 | $314,313.12 |
| 75 | $2,115.98 | $478.93 | $1,637.05 | $313,834.19 |
| 76 | $2,115.98 | $481.42 | $1,634.55 | $313,352.76 |
| 77 | $2,115.98 | $483.93 | $1,632.05 | $312,868.83 |
| 78 | $2,115.98 | $486.45 | $1,629.53 | $312,382.38 |
| 79 | $2,115.98 | $488.99 | $1,626.99 | $311,893.39 |
| 80 | $2,115.98 | $491.53 | $1,624.44 | $311,401.86 |
| 81 | $2,115.98 | $494.09 | $1,621.88 | $310,907.77 |
| 82 | $2,115.98 | $496.67 | $1,619.31 | $310,411.10 |
| 83 | $2,115.98 | $499.25 | $1,616.72 | $309,911.85 |
| 84 | $2,115.98 | $501.85 | $1,614.12 | $309,410.00 |
| 85 | $2,115.98 | $504.47 | $1,611.51 | $308,905.53 |
| 86 | $2,115.98 | $507.09 | $1,608.88 | $308,398.43 |
| 87 | $2,115.98 | $509.74 | $1,606.24 | $307,888.70 |
| 88 | $2,115.98 | $512.39 | $1,603.59 | $307,376.31 |
| 89 | $2,115.98 | $515.06 | $1,600.92 | $306,861.25 |
| 90 | $2,115.98 | $517.74 | $1,598.24 | $306,343.51 |
| 91 | $2,115.98 | $520.44 | $1,595.54 | $305,823.07 |
| 92 | $2,115.98 | $523.15 | $1,592.83 | $305,299.92 |
| 93 | $2,115.98 | $525.87 | $1,590.10 | $304,774.05 |
| 94 | $2,115.98 | $528.61 | $1,587.36 | $304,245.43 |
| 95 | $2,115.98 | $531.37 | $1,584.61 | $303,714.07 |
| 96 | $2,115.98 | $534.13 | $1,581.84 | $303,179.93 |
| 97 | $2,115.98 | $536.92 | $1,579.06 | $302,643.02 |
| 98 | $2,115.98 | $539.71 | $1,576.27 | $302,103.31 |
| 99 | $2,115.98 | $542.52 | $1,573.45 | $301,560.78 |
| 100 | $2,115.98 | $545.35 | $1,570.63 | $301,015.44 |
| 101 | $2,115.98 | $548.19 | $1,567.79 | $300,467.25 |
| 102 | $2,115.98 | $551.04 | $1,564.93 | $299,916.20 |
| 103 | $2,115.98 | $553.91 | $1,562.06 | $299,362.29 |
| 104 | $2,115.98 | $556.80 | $1,559.18 | $298,805.49 |
| 105 | $2,115.98 | $559.70 | $1,556.28 | $298,245.79 |
| 106 | $2,115.98 | $562.61 | $1,553.36 | $297,683.18 |
| 107 | $2,115.98 | $565.54 | $1,550.43 | $297,117.63 |
| 108 | $2,115.98 | $568.49 | $1,547.49 | $296,549.14 |
| 109 | $2,115.98 | $571.45 | $1,544.53 | $295,977.69 |
| 110 | $2,115.98 | $574.43 | $1,541.55 | $295,403.26 |
| 111 | $2,115.98 | $577.42 | $1,538.56 | $294,825.85 |
| 112 | $2,115.98 | $580.43 | $1,535.55 | $294,245.42 |
| 113 | $2,115.98 | $583.45 | $1,532.53 | $293,661.97 |
| 114 | $2,115.98 | $586.49 | $1,529.49 | $293,075.48 |
| 115 | $2,115.98 | $589.54 | $1,526.43 | $292,485.94 |
| 116 | $2,115.98 | $592.61 | $1,523.36 | $291,893.33 |
| 117 | $2,115.98 | $595.70 | $1,520.28 | $291,297.63 |
| 118 | $2,115.98 | $598.80 | $1,517.18 | $290,698.82 |
| 119 | $2,115.98 | $601.92 | $1,514.06 | $290,096.90 |
| 120 | $2,115.98 | $605.06 | $1,510.92 | $289,491.85 |
| 121 | $2,115.98 | $608.21 | $1,507.77 | $288,883.64 |
| 122 | $2,115.98 | $611.38 | $1,504.60 | $288,272.26 |
| 123 | $2,115.98 | $614.56 | $1,501.42 | $287,657.70 |
| 124 | $2,115.98 | $617.76 | $1,498.22 | $287,039.94 |
| 125 | $2,115.98 | $620.98 | $1,495.00 | $286,418.97 |
| 126 | $2,115.98 | $624.21 | $1,491.77 | $285,794.75 |
| 127 | $2,115.98 | $627.46 | $1,488.51 | $285,167.29 |
| 128 | $2,115.98 | $630.73 | $1,485.25 | $284,536.56 |
| 129 | $2,115.98 | $634.02 | $1,481.96 | $283,902.54 |
| 130 | $2,115.98 | $637.32 | $1,478.66 | $283,265.22 |
| 131 | $2,115.98 | $640.64 | $1,475.34 | $282,624.59 |
| 132 | $2,115.98 | $643.97 | $1,472.00 | $281,980.61 |
| 133 | $2,115.98 | $647.33 | $1,468.65 | $281,333.28 |
| 134 | $2,115.98 | $650.70 | $1,465.28 | $280,682.58 |
| 135 | $2,115.98 | $654.09 | $1,461.89 | $280,028.49 |
| 136 | $2,115.98 | $657.50 | $1,458.48 | $279,371.00 |
| 137 | $2,115.98 | $660.92 | $1,455.06 | $278,710.08 |
| 138 | $2,115.98 | $664.36 | $1,451.61 | $278,045.72 |
| 139 | $2,115.98 | $667.82 | $1,448.15 | $277,377.89 |
| 140 | $2,115.98 | $671.30 | $1,444.68 | $276,706.59 |
| 141 | $2,115.98 | $674.80 | $1,441.18 | $276,031.79 |
| 142 | $2,115.98 | $678.31 | $1,437.67 | $275,353.48 |
| 143 | $2,115.98 | $681.84 | $1,434.13 | $274,671.64 |
| 144 | $2,115.98 | $685.40 | $1,430.58 | $273,986.24 |
| 145 | $2,115.98 | $688.97 | $1,427.01 | $273,297.28 |
| 146 | $2,115.98 | $692.55 | $1,423.42 | $272,604.72 |
| 147 | $2,115.98 | $696.16 | $1,419.82 | $271,908.56 |
| 148 | $2,115.98 | $699.79 | $1,416.19 | $271,208.77 |
| 149 | $2,115.98 | $703.43 | $1,412.55 | $270,505.34 |
| 150 | $2,115.98 | $707.10 | $1,408.88 | $269,798.25 |
| 151 | $2,115.98 | $710.78 | $1,405.20 | $269,087.47 |
| 152 | $2,115.98 | $714.48 | $1,401.50 | $268,372.99 |
| 153 | $2,115.98 | $718.20 | $1,397.78 | $267,654.79 |
| 154 | $2,115.98 | $721.94 | $1,394.04 | $266,932.84 |
| 155 | $2,115.98 | $725.70 | $1,390.28 | $266,207.14 |
| 156 | $2,115.98 | $729.48 | $1,386.50 | $265,477.66 |
| 157 | $2,115.98 | $733.28 | $1,382.70 | $264,744.38 |
| 158 | $2,115.98 | $737.10 | $1,378.88 | $264,007.28 |
| 159 | $2,115.98 | $740.94 | $1,375.04 | $263,266.34 |
| 160 | $2,115.98 | $744.80 | $1,371.18 | $262,521.54 |
| 161 | $2,115.98 | $748.68 | $1,367.30 | $261,772.86 |
| 162 | $2,115.98 | $752.58 | $1,363.40 | $261,020.28 |
| 163 | $2,115.98 | $756.50 | $1,359.48 | $260,263.79 |
| 164 | $2,115.98 | $760.44 | $1,355.54 | $259,503.35 |
| 165 | $2,115.98 | $764.40 | $1,351.58 | $258,738.95 |
| 166 | $2,115.98 | $768.38 | $1,347.60 | $257,970.57 |
| 167 | $2,115.98 | $772.38 | $1,343.60 | $257,198.19 |
| 168 | $2,115.98 | $776.40 | $1,339.57 | $256,421.79 |
| 169 | $2,115.98 | $780.45 | $1,335.53 | $255,641.34 |
| 170 | $2,115.98 | $784.51 | $1,331.47 | $254,856.83 |
| 171 | $2,115.98 | $788.60 | $1,327.38 | $254,068.23 |
| 172 | $2,115.98 | $792.71 | $1,323.27 | $253,275.53 |
| 173 | $2,115.98 | $796.83 | $1,319.14 | $252,478.69 |
| 174 | $2,115.98 | $800.98 | $1,314.99 | $251,677.71 |
| 175 | $2,115.98 | $805.16 | $1,310.82 | $250,872.55 |
| 176 | $2,115.98 | $809.35 | $1,306.63 | $250,063.20 |
| 177 | $2,115.98 | $813.57 | $1,302.41 | $249,249.64 |
| 178 | $2,115.98 | $817.80 | $1,298.18 | $248,431.83 |
| 179 | $2,115.98 | $822.06 | $1,293.92 | $247,609.77 |
| 180 | $2,115.98 | $826.34 | $1,289.63 | $246,783.43 |
| 181 | $2,115.98 | $830.65 | $1,285.33 | $245,952.78 |
| 182 | $2,115.98 | $834.97 | $1,281.00 | $245,117.81 |
| 183 | $2,115.98 | $839.32 | $1,276.66 | $244,278.49 |
| 184 | $2,115.98 | $843.69 | $1,272.28 | $243,434.79 |
| 185 | $2,115.98 | $848.09 | $1,267.89 | $242,586.70 |
| 186 | $2,115.98 | $852.51 | $1,263.47 | $241,734.20 |
| 187 | $2,115.98 | $856.95 | $1,259.03 | $240,877.25 |
| 188 | $2,115.98 | $861.41 | $1,254.57 | $240,015.85 |
| 189 | $2,115.98 | $865.90 | $1,250.08 | $239,149.95 |
| 190 | $2,115.98 | $870.40 | $1,245.57 | $238,279.55 |
| 191 | $2,115.98 | $874.94 | $1,241.04 | $237,404.61 |
| 192 | $2,115.98 | $879.50 | $1,236.48 | $236,525.11 |
| 193 | $2,115.98 | $884.08 | $1,231.90 | $235,641.04 |
| 194 | $2,115.98 | $888.68 | $1,227.30 | $234,752.36 |
| 195 | $2,115.98 | $893.31 | $1,222.67 | $233,859.05 |
| 196 | $2,115.98 | $897.96 | $1,218.02 | $232,961.08 |
| 197 | $2,115.98 | $902.64 | $1,213.34 | $232,058.45 |
| 198 | $2,115.98 | $907.34 | $1,208.64 | $231,151.11 |
| 199 | $2,115.98 | $912.07 | $1,203.91 | $230,239.04 |
| 200 | $2,115.98 | $916.82 | $1,199.16 | $229,322.22 |
| 201 | $2,115.98 | $921.59 | $1,194.39 | $228,400.63 |
| 202 | $2,115.98 | $926.39 | $1,189.59 | $227,474.24 |
| 203 | $2,115.98 | $931.22 | $1,184.76 | $226,543.03 |
| 204 | $2,115.98 | $936.07 | $1,179.91 | $225,606.96 |
| 205 | $2,115.98 | $940.94 | $1,175.04 | $224,666.02 |
| 206 | $2,115.98 | $945.84 | $1,170.14 | $223,720.18 |
| 207 | $2,115.98 | $950.77 | $1,165.21 | $222,769.41 |
| 208 | $2,115.98 | $955.72 | $1,160.26 | $221,813.69 |
| 209 | $2,115.98 | $960.70 | $1,155.28 | $220,852.99 |
| 210 | $2,115.98 | $965.70 | $1,150.28 | $219,887.29 |
| 211 | $2,115.98 | $970.73 | $1,145.25 | $218,916.56 |
| 212 | $2,115.98 | $975.79 | $1,140.19 | $217,940.77 |
| 213 | $2,115.98 | $980.87 | $1,135.11 | $216,959.90 |
| 214 | $2,115.98 | $985.98 | $1,130.00 | $215,973.92 |
| 215 | $2,115.98 | $991.11 | $1,124.86 | $214,982.81 |
| 216 | $2,115.98 | $996.28 | $1,119.70 | $213,986.54 |
| 217 | $2,115.98 | $1,001.46 | $1,114.51 | $212,985.07 |
| 218 | $2,115.98 | $1,006.68 | $1,109.30 | $211,978.39 |
| 219 | $2,115.98 | $1,011.92 | $1,104.05 | $210,966.47 |
| 220 | $2,115.98 | $1,017.19 | $1,098.78 | $209,949.27 |
| 221 | $2,115.98 | $1,022.49 | $1,093.49 | $208,926.78 |
| 222 | $2,115.98 | $1,027.82 | $1,088.16 | $207,898.96 |
| 223 | $2,115.98 | $1,033.17 | $1,082.81 | $206,865.79 |
| 224 | $2,115.98 | $1,038.55 | $1,077.43 | $205,827.24 |
| 225 | $2,115.98 | $1,043.96 | $1,072.02 | $204,783.28 |
| 226 | $2,115.98 | $1,049.40 | $1,066.58 | $203,733.88 |
| 227 | $2,115.98 | $1,054.86 | $1,061.11 | $202,679.02 |
| 228 | $2,115.98 | $1,060.36 | $1,055.62 | $201,618.66 |
| 229 | $2,115.98 | $1,065.88 | $1,050.10 | $200,552.78 |
| 230 | $2,115.98 | $1,071.43 | $1,044.55 | $199,481.35 |
| 231 | $2,115.98 | $1,077.01 | $1,038.97 | $198,404.34 |
| 232 | $2,115.98 | $1,082.62 | $1,033.36 | $197,321.72 |
| 233 | $2,115.98 | $1,088.26 | $1,027.72 | $196,233.46 |
| 234 | $2,115.98 | $1,093.93 | $1,022.05 | $195,139.53 |
| 235 | $2,115.98 | $1,099.63 | $1,016.35 | $194,039.90 |
| 236 | $2,115.98 | $1,105.35 | $1,010.62 | $192,934.55 |
| 237 | $2,115.98 | $1,111.11 | $1,004.87 | $191,823.44 |
| 238 | $2,115.98 | $1,116.90 | $999.08 | $190,706.54 |
| 239 | $2,115.98 | $1,122.71 | $993.26 | $189,583.83 |
| 240 | $2,115.98 | $1,128.56 | $987.42 | $188,455.27 |
| 241 | $2,115.98 | $1,134.44 | $981.54 | $187,320.83 |
| 242 | $2,115.98 | $1,140.35 | $975.63 | $186,180.48 |
| 243 | $2,115.98 | $1,146.29 | $969.69 | $185,034.19 |
| 244 | $2,115.98 | $1,152.26 | $963.72 | $183,881.93 |
| 245 | $2,115.98 | $1,158.26 | $957.72 | $182,723.67 |
| 246 | $2,115.98 | $1,164.29 | $951.69 | $181,559.38 |
| 247 | $2,115.98 | $1,170.36 | $945.62 | $180,389.03 |
| 248 | $2,115.98 | $1,176.45 | $939.53 | $179,212.57 |
| 249 | $2,115.98 | $1,182.58 | $933.40 | $178,030.00 |
| 250 | $2,115.98 | $1,188.74 | $927.24 | $176,841.26 |
| 251 | $2,115.98 | $1,194.93 | $921.05 | $175,646.33 |
| 252 | $2,115.98 | $1,201.15 | $914.82 | $174,445.18 |
| 253 | $2,115.98 | $1,207.41 | $908.57 | $173,237.77 |
| 254 | $2,115.98 | $1,213.70 | $902.28 | $172,024.07 |
| 255 | $2,115.98 | $1,220.02 | $895.96 | $170,804.05 |
| 256 | $2,115.98 | $1,226.37 | $889.60 | $169,577.68 |
| 257 | $2,115.98 | $1,232.76 | $883.22 | $168,344.92 |
| 258 | $2,115.98 | $1,239.18 | $876.80 | $167,105.74 |
| 259 | $2,115.98 | $1,245.64 | $870.34 | $165,860.10 |
| 260 | $2,115.98 | $1,252.12 | $863.85 | $164,607.98 |
| 261 | $2,115.98 | $1,258.64 | $857.33 | $163,349.33 |
| 262 | $2,115.98 | $1,265.20 | $850.78 | $162,084.13 |
| 263 | $2,115.98 | $1,271.79 | $844.19 | $160,812.34 |
| 264 | $2,115.98 | $1,278.41 | $837.56 | $159,533.93 |
| 265 | $2,115.98 | $1,285.07 | $830.91 | $158,248.86 |
| 266 | $2,115.98 | $1,291.76 | $824.21 | $156,957.09 |
| 267 | $2,115.98 | $1,298.49 | $817.48 | $155,658.60 |
| 268 | $2,115.98 | $1,305.26 | $810.72 | $154,353.35 |
| 269 | $2,115.98 | $1,312.05 | $803.92 | $153,041.29 |
| 270 | $2,115.98 | $1,318.89 | $797.09 | $151,722.40 |
| 271 | $2,115.98 | $1,325.76 | $790.22 | $150,396.65 |
| 272 | $2,115.98 | $1,332.66 | $783.32 | $149,063.99 |
| 273 | $2,115.98 | $1,339.60 | $776.37 | $147,724.38 |
| 274 | $2,115.98 | $1,346.58 | $769.40 | $146,377.80 |
| 275 | $2,115.98 | $1,353.59 | $762.38 | $145,024.21 |
| 276 | $2,115.98 | $1,360.64 | $755.33 | $143,663.57 |
| 277 | $2,115.98 | $1,367.73 | $748.25 | $142,295.84 |
| 278 | $2,115.98 | $1,374.85 | $741.12 | $140,920.98 |
| 279 | $2,115.98 | $1,382.01 | $733.96 | $139,538.97 |
| 280 | $2,115.98 | $1,389.21 | $726.77 | $138,149.76 |
| 281 | $2,115.98 | $1,396.45 | $719.53 | $136,753.31 |
| 282 | $2,115.98 | $1,403.72 | $712.26 | $135,349.59 |
| 283 | $2,115.98 | $1,411.03 | $704.95 | $133,938.56 |
| 284 | $2,115.98 | $1,418.38 | $697.60 | $132,520.18 |
| 285 | $2,115.98 | $1,425.77 | $690.21 | $131,094.41 |
| 286 | $2,115.98 | $1,433.19 | $682.78 | $129,661.21 |
| 287 | $2,115.98 | $1,440.66 | $675.32 | $128,220.56 |
| 288 | $2,115.98 | $1,448.16 | $667.82 | $126,772.39 |
| 289 | $2,115.98 | $1,455.70 | $660.27 | $125,316.69 |
| 290 | $2,115.98 | $1,463.29 | $652.69 | $123,853.40 |
| 291 | $2,115.98 | $1,470.91 | $645.07 | $122,382.49 |
| 292 | $2,115.98 | $1,478.57 | $637.41 | $120,903.93 |
| 293 | $2,115.98 | $1,486.27 | $629.71 | $119,417.66 |
| 294 | $2,115.98 | $1,494.01 | $621.97 | $117,923.65 |
| 295 | $2,115.98 | $1,501.79 | $614.19 | $116,421.85 |
| 296 | $2,115.98 | $1,509.61 | $606.36 | $114,912.24 |
| 297 | $2,115.98 | $1,517.48 | $598.50 | $113,394.76 |
| 298 | $2,115.98 | $1,525.38 | $590.60 | $111,869.38 |
| 299 | $2,115.98 | $1,533.32 | $582.65 | $110,336.06 |
| 300 | $2,115.98 | $1,541.31 | $574.67 | $108,794.75 |
| 301 | $2,115.98 | $1,549.34 | $566.64 | $107,245.41 |
| 302 | $2,115.98 | $1,557.41 | $558.57 | $105,688.00 |
| 303 | $2,115.98 | $1,565.52 | $550.46 | $104,122.48 |
| 304 | $2,115.98 | $1,573.67 | $542.30 | $102,548.81 |
| 305 | $2,115.98 | $1,581.87 | $534.11 | $100,966.94 |
| 306 | $2,115.98 | $1,590.11 | $525.87 | $99,376.83 |
| 307 | $2,115.98 | $1,598.39 | $517.59 | $97,778.44 |
| 308 | $2,115.98 | $1,606.71 | $509.26 | $96,171.73 |
| 309 | $2,115.98 | $1,615.08 | $500.89 | $94,556.65 |
| 310 | $2,115.98 | $1,623.50 | $492.48 | $92,933.15 |
| 311 | $2,115.98 | $1,631.95 | $484.03 | $91,301.20 |
| 312 | $2,115.98 | $1,640.45 | $475.53 | $89,660.75 |
| 313 | $2,115.98 | $1,648.99 | $466.98 | $88,011.76 |
| 314 | $2,115.98 | $1,657.58 | $458.39 | $86,354.17 |
| 315 | $2,115.98 | $1,666.22 | $449.76 | $84,687.96 |
| 316 | $2,115.98 | $1,674.89 | $441.08 | $83,013.06 |
| 317 | $2,115.98 | $1,683.62 | $432.36 | $81,329.44 |
| 318 | $2,115.98 | $1,692.39 | $423.59 | $79,637.06 |
| 319 | $2,115.98 | $1,701.20 | $414.78 | $77,935.86 |
| 320 | $2,115.98 | $1,710.06 | $405.92 | $76,225.79 |
| 321 | $2,115.98 | $1,718.97 | $397.01 | $74,506.83 |
| 322 | $2,115.98 | $1,727.92 | $388.06 | $72,778.91 |
| 323 | $2,115.98 | $1,736.92 | $379.06 | $71,041.98 |
| 324 | $2,115.98 | $1,745.97 | $370.01 | $69,296.02 |
| 325 | $2,115.98 | $1,755.06 | $360.92 | $67,540.96 |
| 326 | $2,115.98 | $1,764.20 | $351.78 | $65,776.75 |
| 327 | $2,115.98 | $1,773.39 | $342.59 | $64,003.36 |
| 328 | $2,115.98 | $1,782.63 | $333.35 | $62,220.74 |
| 329 | $2,115.98 | $1,791.91 | $324.07 | $60,428.83 |
| 330 | $2,115.98 | $1,801.24 | $314.73 | $58,627.58 |
| 331 | $2,115.98 | $1,810.63 | $305.35 | $56,816.96 |
| 332 | $2,115.98 | $1,820.06 | $295.92 | $54,996.90 |
| 333 | $2,115.98 | $1,829.54 | $286.44 | $53,167.37 |
| 334 | $2,115.98 | $1,839.06 | $276.91 | $51,328.30 |
| 335 | $2,115.98 | $1,848.64 | $267.33 | $49,479.66 |
| 336 | $2,115.98 | $1,858.27 | $257.71 | $47,621.39 |
| 337 | $2,115.98 | $1,867.95 | $248.03 | $45,753.44 |
| 338 | $2,115.98 | $1,877.68 | $238.30 | $43,875.76 |
| 339 | $2,115.98 | $1,887.46 | $228.52 | $41,988.30 |
| 340 | $2,115.98 | $1,897.29 | $218.69 | $40,091.01 |
| 341 | $2,115.98 | $1,907.17 | $208.81 | $38,183.84 |
| 342 | $2,115.98 | $1,917.10 | $198.87 | $36,266.74 |
| 343 | $2,115.98 | $1,927.09 | $188.89 | $34,339.65 |
| 344 | $2,115.98 | $1,937.13 | $178.85 | $32,402.53 |
| 345 | $2,115.98 | $1,947.21 | $168.76 | $30,455.31 |
| 346 | $2,115.98 | $1,957.36 | $158.62 | $28,497.96 |
| 347 | $2,115.98 | $1,967.55 | $148.43 | $26,530.41 |
| 348 | $2,115.98 | $1,977.80 | $138.18 | $24,552.61 |
| 349 | $2,115.98 | $1,988.10 | $127.88 | $22,564.51 |
| 350 | $2,115.98 | $1,998.45 | $117.52 | $20,566.05 |
| 351 | $2,115.98 | $2,008.86 | $107.11 | $18,557.19 |
| 352 | $2,115.98 | $2,019.33 | $96.65 | $16,537.87 |
| 353 | $2,115.98 | $2,029.84 | $86.13 | $14,508.02 |
| 354 | $2,115.98 | $2,040.41 | $75.56 | $12,467.61 |
| 355 | $2,115.98 | $2,051.04 | $64.94 | $10,416.57 |
| 356 | $2,115.98 | $2,061.72 | $54.25 | $8,354.84 |
| 357 | $2,115.98 | $2,072.46 | $43.51 | $6,282.38 |
| 358 | $2,115.98 | $2,083.26 | $32.72 | $4,199.12 |
| 359 | $2,115.98 | $2,094.11 | $21.87 | $2,105.01 |
| 360 | $2,115.98 | $2,105.01 | $10.96 | $0.00 |
| Year | End Date | Principal Paid | Interest Paid | Balance |
|---|---|---|---|---|
| 1 | Aug 2027 | $4,027.00 | $21,364.73 | $339,633.62 |
| 2 | Aug 2028 | $4,286.02 | $21,105.71 | $335,347.60 |
| 3 | Aug 2029 | $4,561.71 | $20,830.02 | $330,785.89 |
| 4 | Aug 2030 | $4,855.13 | $20,536.60 | $325,930.76 |
| 5 | Aug 2031 | $5,167.42 | $20,224.31 | $320,763.34 |
| 6 | Aug 2032 | $5,499.79 | $19,891.94 | $315,263.55 |
| 7 | Aug 2033 | $5,853.55 | $19,538.18 | $309,410.00 |
| 8 | Aug 2034 | $6,230.06 | $19,161.67 | $303,179.93 |
| 9 | Aug 2035 | $6,630.79 | $18,760.94 | $296,549.14 |
| 10 | Aug 2036 | $7,057.30 | $18,334.43 | $289,491.85 |
| 11 | Aug 2037 | $7,511.23 | $17,880.50 | $281,980.61 |
| 12 | Aug 2038 | $7,994.37 | $17,397.36 | $273,986.24 |
| 13 | Aug 2039 | $8,508.58 | $16,883.15 | $265,477.66 |
| 14 | Aug 2040 | $9,055.87 | $16,335.86 | $256,421.79 |
| 15 | Aug 2041 | $9,638.36 | $15,753.37 | $246,783.43 |
| 16 | Aug 2042 | $10,258.32 | $15,133.41 | $236,525.11 |
| 17 | Aug 2043 | $10,918.15 | $14,473.58 | $225,606.96 |
| 18 | Aug 2044 | $11,620.43 | $13,771.30 | $213,986.54 |
| 19 | Aug 2045 | $12,367.87 | $13,023.86 | $201,618.66 |
| 20 | Aug 2046 | $13,163.40 | $12,228.33 | $188,455.27 |
| 21 | Aug 2047 | $14,010.09 | $11,381.64 | $174,445.18 |
| 22 | Aug 2048 | $14,911.24 | $10,480.49 | $159,533.93 |
| 23 | Aug 2049 | $15,870.36 | $9,521.37 | $143,663.57 |
| 24 | Aug 2050 | $16,891.17 | $8,500.56 | $126,772.39 |
| 25 | Aug 2051 | $17,977.64 | $7,414.09 | $108,794.75 |
| 26 | Aug 2052 | $19,134.00 | $6,257.73 | $89,660.75 |
| 27 | Aug 2053 | $20,364.73 | $5,027.00 | $69,296.02 |
| 28 | Aug 2054 | $21,674.63 | $3,717.10 | $47,621.39 |
| 29 | Aug 2055 | $23,068.78 | $2,322.95 | $24,552.61 |
| 30 | Aug 2056 | $24,552.61 | $839.12 | $0.00 |
Term Comparison for $343,660.62 at 6.25%
Every row below is computed specifically for this financed loan amount and interest rate, across the term lengths FHA lenders commonly offer.
| Term | Monthly P&I | Total Interest | Total Cost |
|---|---|---|---|
| 15 yrs | $2,946.62 | $186,731.83 | $530,392.45 |
| 20 yrs | $2,511.91 | $259,198.35 | $602,858.97 |
| 30 yrs (current) | $2,115.98 | $418,091.30 | $761,751.92 |
How FHA Loan Payments Are Calculated
Like any fixed-rate mortgage, an FHA loan uses the standard amortization formula to compute a level monthly principal & interest payment over the loan term. What's different is what goes into the loan balance and the monthly bill: the upfront MIP, unless paid in cash, is added to the base loan amount before amortization, and an annual MIP is billed monthly on top of principal and interest.
- M — monthly principal & interest payment
- P — financed loan amount (base loan + UFMIP, if rolled in)
- r — monthly interest rate (annual rate ÷ 12)
- n — total number of monthly payments
Upfront vs. Annual MIP
The upfront mortgage insurance premium is a flat 1.75% of the base loan amount, charged once at closing. The annual MIP is billed monthly and its rate depends on your loan-to-value ratio (driven by your down payment) and loan term:
| Term | LTV | Annual MIP |
|---|---|---|
| Over 15 years | 95% or less (10%+ down) | 0.50% |
| Over 15 years | Over 95% (less than 10% down) | 0.55% |
| 15 years or less | 90% or less (10%+ down) | 0.15% |
| 15 years or less | Over 90% (less than 10% down) | 0.40% |
These are standard HUD-published rates for typical loan sizes and can be revised periodically. If you put down 10% or more, annual MIP automatically cancels after 11 years; below 10% down, it lasts for the life of the loan unless you refinance out of FHA financing.
Why Choose an FHA Loan
FHA loans are popular with first-time and lower-credit-score buyers because they accept down payments as low as 3.5% (versus the 5-20% many conventional loans expect from lower-credit borrowers) and allow credit scores as low as 500 with a 10% down payment, or 580 with the standard 3.5% down payment. The tradeoff is mandatory mortgage insurance in both an upfront and ongoing annual form, which conventional loans with 20%+ down avoid entirely.
Example — Your Current Inputs
On a $350,000 home with a $12,250 down payment (3.5%), the base loan is $337,750. The upfront MIP is 1.75% of that, or $5,910.62, rolled into the loan. At 6.25% over 30 years, the principal & interest payment is $2,115.98, plus $157.51/month in annual MIP (which lasts for the life of the loan since you put down less than 10%).
Additional Example — First-Time Buyer, 3.5% Down
A first-time buyer purchases a $300,000 home with the minimum 3.5% down ($10,500). The base loan is $289,500, and the upfront MIP is 1.75% = $5,066, rolled into the loan for a financed amount of $294,566. At 6.5% over 30 years, the principal & interest payment is about $1,862/month, plus roughly $135/month in annual MIP (0.55% since the down payment is under 10%) for the life of the loan.
About These Parameters
- Home Price
- The purchase price of the home. Combined with your down payment, this determines the base loan amount before mortgage insurance is added.
- Down Payment
- FHA loans require a minimum of 3.5% down with a credit score of 580 or higher (10% down is required for scores between 500-579). A 10%+ down payment also makes your annual MIP cancel after 11 years instead of running for the full loan term.
- Roll Upfront MIP Into Loan
- Nearly all FHA borrowers finance the upfront MIP into the loan balance rather than paying cash at closing. Financing it slightly increases your monthly payment and total interest.
- Property Tax, Insurance, and HOA
- Optional fields that add your escrowed property tax and insurance, plus any HOA dues, to the principal, interest, and MIP for a full estimated monthly outlay.
Frequently Asked Questions
Can I ever remove FHA mortgage insurance?
If you put down 10% or more, annual MIP automatically cancels after 11 years. Below 10% down, it lasts for the life of the loan — the main way to remove it is to refinance into a conventional loan once you have enough equity.
What credit score do I need for an FHA loan?
FHA guidelines allow scores as low as 500 with a 10% down payment, or 580 with the standard 3.5% down payment, though individual lenders often set higher minimums of their own.
Is FHA mortgage insurance the same as PMI?
No. Private mortgage insurance (PMI) applies to conventional loans and can often be canceled once you reach 20% equity. FHA's MIP is a separate government program with its own upfront and annual premiums and its own cancellation rules.
Can I use an FHA loan more than once?
Yes, FHA loans aren't limited to first-time buyers, though most FHA borrowers are purchasing their first home. FHA loans are also generally limited to primary residences, not investment properties or second homes.