FHA Mortgage Calculator
Estimate your FHA loan payment including upfront and monthly mortgage insurance premiums.
Loan Details
FHA minimum: 3.5% (580+ credit score)
Monthly Costs
Default: 1.25% of home price ÷ 12
FHA Mortgage Insurance (MIP)
With LTV > 90%, MIP remains for the life of the loan. Consider refinancing to a conventional loan once you reach 20% equity.
Estimated Monthly Payment
$3,357/mo
Loan Amount
$386,000
Upfront MIP
$6,755
Total Interest
$547,928
Total MIP
$63,690
This calculator is provided for educational and informational purposes only. FHA MIP rates are based on 2024 HUD guidelines and are subject to change. Results are estimates and do not constitute a loan offer or commitment. Actual loan terms, rates, and costs will vary based on creditworthiness and other factors. Contact Patron Mortgage for a personalized FHA loan consultation. Patron Mortgage. NMLS 1747739.
Ready to Apply for an FHA Loan?
Our loan officers specialize in FHA financing and can walk you through your real numbers, qualification requirements, and next steps.