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FHA loan calculator

Estimate an FHA purchase-loan payment with upfront mortgage insurance and an initial monthly insurance estimate.

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Estimate an FHA purchase-loan payment with upfront mortgage insurance and an initial monthly insurance estimate.

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Formula and assumptions
Uses HUD's March 20, 2023 forward-mortgage premium schedule. Assumes appraised value equals purchase price. Minimum down payment here is 3.5%; credit score, county loan limits and eligibility are not checked. Special programs and refinancing are excluded. Monthly MIP here is base loan times annual rate divided by 12; it is an initial estimate, not HUD's amortization-based annual billing calculation. Future MIP changes as the balance falls. Rates and property costs are your assumptions; ask the lender for the exact schedule.
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Using FHA loan calculator
Estimate an FHA purchase-loan payment with upfront mortgage insurance and an initial monthly insurance estimate.
Uses HUD's March 20, 2023 forward-mortgage premium schedule. Assumes appraised value equals purchase price. Minimum down payment here is 3.5%; credit score, county loan limits and eligibility are not checked. Special programs and refinancing are excluded. Monthly MIP here is base loan times annual rate divided by 12; it is an initial estimate, not HUD's amortization-based annual billing calculation. Future MIP changes as the balance falls. Rates and property costs are your assumptions; ask the lender for the exact schedule.
Next: Mortgage calculator
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A worked example
For purchase price and appraised value (usd) = 200000, down payment (usd) = 7000, annual interest rate (%) = 6, term (years) = 30, upfront premium payment = Finance the premium, annual property tax and insurance (usd) = 3600, monthly hoa or other fixed costs (usd) = 0, estimated initial monthly payment with costs (usd) = 1565.84.
Before you use the result
Uses HUD's March 20, 2023 forward-mortgage premium schedule. Assumes appraised value equals purchase price. Minimum down payment here is 3.5%; credit score, county loan limits and eligibility are not checked. Special programs and refinancing are excluded. Monthly MIP here is base loan times annual rate divided by 12; it is an initial estimate, not HUD's amortization-based annual billing calculation. Future MIP changes as the balance falls. Rates and property costs are your assumptions; ask the lender for the exact schedule.
Example results for purchase price and appraised value (usd)
These examples use Down payment (USD): 7000; Annual interest rate (%): 6; Term (years): 30; Upfront premium payment: Finance the premium; Annual property tax and insurance (USD): 3600; Monthly HOA or other fixed costs (USD): 0. They are reference calculations, not recommended settings.
Purchase price and appraised value (USD)Estimated initial monthly payment with costs (USD)
100000906.09
2000001565.84
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ToolOctopus. “FHA loan calculator.” Updated 2026-10-03. https://tooloctopus.com/fha-loan-calculator.
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