FHA loans require just 3.5% down with a 580+ credit score. This calculator includes both the upfront mortgage insurance premium (1.75%) and annual MIP (0.55%) so you see your real monthly cost.
MIP applies for life of loan with <10% down
Recommended for incomes above $110k/yr (28% DTI rule)
About FHA mortgage insurance
FHA loans carry two layers of mortgage insurance. The upfront MIP is 1.75% of the base loan amount, paid at closing or rolled into the loan. The annual MIP is 0.55% for most 30-year loans with less than 10% down, divided into 12 monthly payments. Unlike conventional PMI, FHA annual MIP does not automatically cancel at 80% LTV if your original down payment was less than 10%.
Main Mortgage Calculator →
Standard conventional loan payment
PMI Calculator →
Compare conventional PMI with FHA mortgage insurance
House Hacking Calculator →
3.5% down on a 2-4 unit you live in, rent covers the rest
DTI Calculator →
FHA allows higher DTI. See where you stand
VA Loan Calculator →
Zero-down for veterans & service members
FHA vs. Conventional Loan →
Full comparison — credit, down payment, MIP vs. PMI, loan limits.
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