FHA Loan Calculator

Your full payment with FHA mortgage insurance, plus how your DTI fits.

Home Loan Details

Home Purchase Price iThe purchase price of the home you are buying, before any down payment.

FHA caps how much you can borrow, and the cap is set county by county. Pick your state to see its 2026 range, and look up your exact county at HUD's site.

State iThe state where the home is located. It drives the FHA loan limit check below the loan readouts, and it estimates your state income tax in the leftover money view. FHA limits are set county by county, so confirm yours at HUD's lookup.

Down Payment iEnter your planned down payment. FHA minimums depend on credit and other requirements; lenders may apply additional standards. The model uses purchase price as value. MIP rate and duration depend on the loan amount, term and initial loan-to-value, not just the down payment.

Credit Score iSelect the band to explore the model’s down-payment assumptions. A score alone does not establish FHA eligibility. The lender must review credit history, documented income and all program requirements.

Interest Rate iEnter an interest rate to test your scenario. Prefilled values are examples, not available rates or a quote. This is the note rate, not APR; APR includes certain loan costs and is not calculated here.

Compare market rates

Loan Term iThe repayment term in years. This model assumes a fixed interest rate and fully amortizing monthly payments. A shorter term generally increases principal-and-interest payments and reduces total interest.

Upfront MIP (1.75%) iThis model finances an upfront FHA mortgage insurance premium of 1.75% of the base loan amount. Paying it in cash would produce a different loan balance and payment.

$6,755

Loan Amount

$392,755

Principal & Interest

$2,352.16/mo

Monthly Housing Costs

Property Taxes iUse a property-specific estimate from the taxing authority. Taxes, assessments and exemptions can change after purchase; a listing or prior tax bill may not reflect your future bill.

= $500/mo

Use a local tax estimate

State

County

Choose a county to fill the annual rate. You can still edit the tax amount.

Homeowner's Insurance iUse an insurance quote for this property. The default is an example. Include flood, windstorm or other required coverage under Other if not included here.

= $167/mo

HOA Dues iHomeowners association dues, if the property has an HOA. Some HOAs bill quarterly or annually, so tap /yr to enter the annual total instead. Leave it at 0 if there is none.

Other (flood insurance, etc.) iAny other monthly housing cost, such as flood insurance or a special assessment. Leave it at 0 if none apply.

Monthly MIP iAn initial monthly MIP estimate based on the model’s loan amount, term and loan-to-value assumptions. Actual scheduled premiums may differ over time.

$176.92/mo

Annual MIP Rate

0.55%

MIP Lasts iFor most current FHA loans, annual MIP generally lasts the full term above 90% initial LTV or 11 years at 90% or less. A refinance requires new qualification and closing costs; it is not guaranteed.

Life of loan

Income iEnter income you want considered. The model makes simplified tax, rental-income and tax-free-income adjustments; these are not a lender’s determination of qualifying income. Social Security may be partly taxable. Alimony, child support and separate maintenance income need not be disclosed unless you want it considered.

Total Monthly Income

$11,000

Est. Income Taxes iA simplified federal, payroll and state tax estimate using built-in assumptions. Filing status, deductions, credits, local taxes and benefit taxation may differ. This is not your actual take-home pay or tax advice.

$2,543/mo

Effective Tax Rate

23.1%

Monthly Liabilities iEnter recurring monthly debts, including applicable student loan payments and support obligations. Required qualifying payments may differ from a credit report or the amount you currently pay. Do not enter the proposed home payment twice. Household living expenses still need a separate budget.

Total Monthly Debts

$500/mo

Estimated monthly payment

$3,391.32

Principal, interest, taxes, insurance, monthly MIP, HOA, and other

An estimate to help you plan. Your final payment depends on the property and loan terms.

Illustrative estimates only. Prefilled rates are examples, not quotes. Results are not a loan approval or a complete cash-to-close estimate.

Front-End (Housing) Ratio iA modeled ratio based on housing costs, debts and income entered. The reference thresholds shown are planning assumptions, not an approval decision. Underwriting method, income eligibility and lender standards may change the result.

29.06%

29.1% used31% reference / 46.99% model ceiling

Back-End (Total DTI) Ratio iA modeled ratio based on housing costs, debts and income entered. The reference thresholds shown are planning assumptions, not an approval decision. Underwriting method, income eligibility and lender standards may change the result.

33.60%

33.6% used43% reference / 56.99% model ceiling

Within modeled range

Within this model’s 31/43 reference; not a loan approval.

Your lender also reviews:

Credit history
Automated underwriting findings
Lender overlays
Savings left after closing
Job history

See my cash to close →

Where Your Income Goes iAn illustration of income after the costs included in this model. It is not a full household budget, an actual tax calculation or an underwriting determination.

$4,761

left over/mo

Housing payment$3,196

Income taxes (est.)$2,543

Monthly debts$500

Left over$4,761

The math: gross income minus estimated taxes, the full house payment including MIP, and monthly debts. Allow separately for living expenses, savings and unexpected costs.

Take your numbers with you

Save your loan, payment and income snapshot.

Make sense of your next step.

Let’s review your scenario, compare loan options, and find a payment that fits your next move.

Start my application Book a free consultation

Compare current market rates

National averages from Optimal Blue, not a personalized quote. Actual pricing depends on your credit, down payment, loan details and discount points. Check the date shown below. These averages do not change the rate entered in your calculator.

Source: Optimal Blue Mortgage Market Indices (OBMMI). Open market rates in a new tab.

Your results explained

Understand your numbers

What is FHA mortgage insurance?

FHA mortgage insurance includes an upfront premium and an annual premium paid monthly. This estimate finances the upfront premium. Annual premiums depend on loan amount, term and loan-to-value ratio. The monthly amount shown is a simplified initial estimate.

What does the DTI result mean?

Housing and total debt ratios help evaluate a loan scenario. The displayed thresholds are calculator assumptions, not an automated underwriting decision or a promise of approval. Eligibility depends on the full application and lender requirements.

Ways to compare your options

Adjust home price, down payment and monthly debts to compare scenarios. A larger down payment can reduce the loan balance, but remember to budget for closing costs and reserves. Ask a loan officer about applicable borrower and property requirements.

How long does MIP last?

For most current FHA loans, annual MIP generally lasts 11 years when initial loan-to-value is 90% or less, or the full loan term above 90%. Equity growth alone does not cancel it. Refinancing requires a new approval and closing costs; savings and future eligibility are not guaranteed.

It models FHA's mortgage insurance premiums and DTI guidelines, but a lender verifies your full file: income, assets, liabilities, credit, and payment history, and may apply its own overlays. Taxes and insurance figures are estimates that vary by property and location, and FHA loan limits vary by county. Confirm your numbers with a licensed loan officer before making decisions.