FHA Loan Calculator
Estimate payments for an FHA loan, including Upfront and Annual MIP.
Min 3.5%
About FHA Loans
FHA loans are backed by the Federal Housing Administration and allow down payments as low as 3.5%. However, they require two types of Mortgage Insurance Premiums (MIP):
- Upfront MIP: Usually 1.75% of the loan amount, normally financed into the loan.
- Annual MIP: An annual premium paid monthly. For most borrowers putting <10% down on a 30-year loan, this is 0.55% (as of 2023/2024 changes) but can vary.