FHA Loan Calculator
Calculate your FHA mortgage payments including MIP (Mortgage Insurance Premium), down payment requirements, and loan limits
FHA Loan Payment Calculator
Use our FHA loan calculator to estimate your monthly payments including MIP
The full FHA loan calculator is available on our main calculator page
Go to Main CalculatorFHA Loan Benefits
- Low Down Payment: As low as 3.5% down payment
- Flexible Credit: More forgiving credit requirements
- Competitive Rates: FHA loans offer competitive interest rates
- First-Time Buyers: Ideal for first-time home buyers
FHA Loan Requirements
- Minimum credit score of 580 for 3.5% down
- Down payment of 3.5% or 10% (credit score dependent)
- Debt-to-income ratio below 43%
- Property must meet FHA requirements
FHA Loan Limits
FHA loan limits vary by county and are updated annually
2024 Low-Cost Area Limit$498,257
2024 High-Cost Area Limit$1,149,825
Loan limits are set by the Federal Housing Administration and vary by location. Higher-cost areas have higher limits.
FHA MIP (Mortgage Insurance Premium)
Upfront MIP
1.75%
One-time fee at closing, typically financed into the loan
Annual MIP
30-year loans0.45% - 1.05%
15-year loans0.45% - 0.70%
Monthly amount based on loan term and down payment
Calculate Your FHA Loan Payment
Use our comprehensive mortgage calculator to get accurate FHA loan payment estimates including MIP.
Start Calculating