FHA Loan Calculator
Estimate an FHA loan the way lenders do: 3.5% minimum down, 1.75% upfront mortgage insurance added to the loan, annual MIP and your full monthly payment (PITI).
Base loan amount$337,750
Upfront MIP (1.75%, financed)$5,911
Total loan$343,661
Principal & interest$2,312
Monthly MIP (0.55% a year)$155
Property tax + insurance$438
Total monthly payment (PITI)$2,904
With less than 10% down, annual MIP is paid for the life of the loan; to drop it you would refinance into a conventional loan.
2026 FHA rules (HUD): MIP rates from Mortgagee Letter 2023-05; one-unit loan limits range from $541,287 to $1,249,125 depending on the county. Monthly MIP is estimated on the starting balance.