Estimate an FHA monthly payment with upfront and annual mortgage insurance, taxes, insurance, HOA, and cash to close.
USD inputs · transparent calculation assumptions
Instant updates as inputs change
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USD inputs · transparent calculation assumptions
FHA MIP tiers and duration vary. Confirm the case-specific rate, loan limit, and eligibility with an FHA-approved lender.
Estimated monthly FHA housing payment$3,063.10
Principal and interest
$2,420.03
Monthly FHA MIP
$168.07
Monthly property tax
$350.00
Monthly homeowners insurance
$125.00
Monthly HOA dues
$0.00
Base loan amount
$366,700.00
Upfront MIP
$6,417.25
Total financed amount
$373,117.25
Estimated cash to close
$24,700.00
Applied annual MIP rate
0.55%
Total loan interest
$498,094.05
Calculation notes
Understand the FHA mortgage payment calculator
Base loan = price − down payment. Upfront MIP defaults to 1.75% of the base loan and may be financed. Monthly housing cost adds principal and interest, annual MIP / 12, tax, insurance, and HOA. The calculation runs locally and keeps cash-flow timing consistent with the stated assumptions.
Formula and logic
How do I calculate an FHA payment including upfront and annual MIP?
Base loan = price − down payment. Upfront MIP defaults to 1.75% of the base loan and may be financed. Monthly housing cost adds principal and interest, annual MIP / 12, tax, insurance, and HOA.
Worked example
What is 1.75% upfront MIP on a $366,700 base loan?
A $380,000 home with 3.5% down has a $366,700 base loan. At 1.75%, upfront MIP is $6,417.25 before choosing whether to finance it.
How to read the result
What changes when FHA upfront MIP is financed?
Financing upfront MIP increases the balance and interest but lowers cash due at closing.
Use the override when the applicable HUD annual MIP tier differs from the simplified automatic rate.
Limits and assumptions
When should I override the automatic annual FHA MIP rate?
The automatic annual MIP is a simplified common-case estimate based on term and LTV. HUD tiers also depend on loan amount, endorsement date, and program; duration, loan limits, lender fees, and eligibility are not determined.