Principal & interest (on financed loan)
$2,719.36
Enter the home price and your FHA down payment. This calculator returns the full monthly FHA payment — principal and interest on the loan that includes the financed upfront premium, plus the annual mortgage insurance FHA requires — and shows how long that insurance actually lasts, which depends on your loan-to-value and is easy to get wrong.
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.
| Down payment | Loan-to-value | Annual MIP rate | MIP duration | Monthly MIP | Total monthly |
|---|---|---|---|---|---|
| 3.5% down | 96.5% | 0.55% | 30.0 years | $176.92 | $2,896.27 |
| 5% down | 95.0% | 0.50% | 30.0 years | $158.33 | $2,835.42 |
| 10% down | 90.0% | 0.50% | 11.0 years | $150.00 | $2,686.19 |
| 15% down | 85.0% | 0.50% | 11.0 years | $141.67 | $2,536.95 |
| 20% down | 80.0% | 0.50% | 11.0 years | $133.33 | $2,387.72 |
The calculation starts from the home price and your FHA down payment, the same two numbers any mortgage payment tool uses. The difference is what happens next. FHA charges a 1.75% upfront mortgage insurance premium on the base loan, and that premium is usually financed into the loan rather than paid in cash at closing. On a $400,000 home with FHA's minimum 3.5% down, the base loan is $386,000 and the $6,755 upfront premium is added to it, so the payment is amortized on $392,755.
1.75% upfront MIP (UFMIP) — financed into the loan, not paid in cash at closingannual MIP — a rate set by HUD's published table, charged monthly on the balanceloan-to-value — base loan divided by price; it falls as the down payment risesMIP duration — full term above 90% loan-to-value, 11 years at or belowThe mortgage calculator built into search results returns a principal-and-interest payment and stops there. It has no field for FHA's mandatory insurance, so for an FHA buyer it understates the real monthly cost by the amount of the mortgage insurance. On the defaults that difference is $176.92 a month — the monthly MIP on a $386,000 FHA loan at 3.5% down — which the built-in tool simply does not show.
That omission matters because FHA insurance is not optional. Every FHA loan carries the upfront premium, and the annual premium applies to almost all of them. A buyer who prices the loan with the built-in tool and budgets only that figure arrives at closing short of the payment they will actually make.
This page returns the figure with both premiums included, and shows the financed upfront premium separately so the payment's size is explainable rather than surprising.
The annual MIP is the part most often misstated. Its rate and its duration both depend on the loan-to-value, which your down payment sets. Above 90% loan-to-value the rate is 0.55% and the premium runs for the entire loan term; at 90% loan-to-value or below the rate is 0.50% and the premium ends after 11 years. A common shortcut says FHA MIP lasts 11 years, but that is only true at or below 90% loan-to-value, which requires at least a 10% down payment.
The scenario table under the calculator shows a $400,000 purchase across down-payment levels. Moving from 5% to 10% down crosses the 90% loan-to-value line, and the MIP duration drops from the full 30 years to 11 years — a difference of 19 years of premiums. Note that even at 20% down FHA still charges MIP for 11 years, whereas a conventional loan at that loan-to-value would carry no mortgage insurance at all.
Everything on this page reproduces. For the default $400,000 home at 3.5% down and 7.4%, the base loan is $386,000, the $6,755 upfront premium finances the loan to $392,755, and the principal-and-interest payment on that balance is $2,719.36. The annual MIP rate is 0.55% because the loan-to-value is 96.5%, so the monthly MIP is $176.92, and the total monthly payment is $2,896.27.
Change any input and the figure recomputes; if your own arithmetic differs by more than a few dollars, one of the two implementations is wrong and the corrections page explains how to report it.
No. It returns a principal-and-interest figure and has no field for FHA's upfront or annual mortgage insurance, so for an FHA loan it understates the real payment. This calculator adds both.
It depends on your loan-to-value. Above 90% loan-to-value the annual premium runs for the full loan term; at 90% loan-to-value or below it ends after 11 years. At FHA's minimum 3.5% down the loan-to-value is 96.5%, so the premium lasts the full 30 years — the 11-year rule applies only at or below 90% loan-to-value, which needs at least a 10% down payment.
Usually not in cash. It is financed into the loan, so the payment is computed on the larger balance. On a $386,000 base loan it adds $6,755 and the payment amortizes on $392,755.
The default is the published 30-year fixed national average; replace it with the rate you are actually offered. FHA rates are set by each lender, not by a single government series.
FHA Mortgage Payment Calculator (Upfront & Annual MIP Included) lists each external figure it uses once, with the publisher that issues it and the date it was retrieved. The calculator takes these as its defaults, so any of them can be replaced with a number of your own; a figure that is not in the list is one this page did not take from anywhere.
| Figure | Value | Published by | Retrieved |
|---|---|---|---|
| 30-year fixed mortgage national average | 7.40% | Freddie Mac Primary Mortgage Market Survey (PMMS) | 2026-10-08 |
Values are the ones this page is built with, not a live feed. Where a figure is revised on a schedule, the retrieval date above is when it was read, and the next scheduled refresh is shown at the top of the page.
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Cluster us/mortgage · Unit us-mortgage-fha-payment · Engine amortizing-loan / fha · Method: FHA's 1.75% upfront mortgage insurance premium (UFMIP) is added to the base loan and financed, so the principal-and-interest payment is computed on the larger balance. The annual MIP rate is set by HUD's published table (0.55% above 90% loan-to-value, 0.50% at or below) and charged monthly on the balance; the figures below use the opening monthly amount. The duration is the other half of the rule: above 90% loan-to-value the annual premium runs for the entire loan term, while at 90% loan-to-value or below it ends after 11 years.