$
%
%
$2,896.27Total monthly FHA payment (principal, interest & mortgage insurance)
Principal & interest (on financed loan)
$2,719.36
Monthly mortgage insurance (MIP)
$176.92
Upfront MIP, financed
$6,755
Loan-to-value
96.5%
Annual MIP rate
0.55%
MIP duration
30.0 years

FHA's 1.75% upfront premium is financed into the loan, so the principal-and-interest payment is computed on the larger balance, not the base loan.

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Same $400,000 purchase: how the loan-to-value set by your down payment changes the MIP rate and how long it lasts

Down paymentLoan-to-valueAnnual MIP rateMIP durationMonthly MIPTotal monthly
3.5% down96.5%0.55%30.0 years$176.92$2,896.27
5% down95.0%0.50%30.0 years$158.33$2,835.42
10% down90.0%0.50%11.0 years$150.00$2,686.19
15% down85.0%0.50%11.0 years$141.67$2,536.95
20% down80.0%0.50%11.0 years$133.33$2,387.72