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FHA Loan Calculator

Calculate an FHA mortgage with financed upfront MIP and annual mortgage insurance.

Calculate monthly payments, annual expenses, and dated extra principal payments.

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years
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More options (25)
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monthEnter a whole payment month: 1 is the first scheduled payment. An extra payment after payoff has no effect.
Payment month counted from the first scheduled payment; repeats every 12 months.
Optional: month number, amount; one payment per line.
% of base loan
% of base loan
years

Result

Monthly principal & interest$1,952.14
Initial monthly total$2,623.80
Down payment$80,000.00
Financed loan amount$325,600.00
Upfront fee$5,600.00
Total interest$377,169.14
Total payments$702,769.14
Number of payments360
Total taxes and other costs$241,800.00
Total out of pocket$1,024,569.14
  • Principal
  • Interest

Each tax and cost grows annually at its own rate. Conventional PMI follows the selected duration or original-value LTV policy. FHA MIP uses the base loan and explicit MIP duration; property appreciation is not used for cancellation.

Calculation details

Scroll horizontally or vertically to see more. Download CSV for the complete schedule.

MonthDatePaymentInterestPrincipalBalanceTaxes & costsTotal
12026-101,952.141,628324.14325,275.86671.672,623.80
22026-111,952.141,626.38325.76324,950.11671.672,623.80
32026-121,952.141,624.75327.39324,622.72671.672,623.80
42027-011,952.141,623.11329.02324,293.70671.672,623.80
52027-021,952.141,621.47330.67323,963.03671.672,623.80
62027-031,952.141,619.82332.32323,630.71671.672,623.80
72027-041,952.141,618.15333.98323,296.73671.672,623.80
82027-051,952.141,616.48335.65322,961.07671.672,623.80
92027-061,952.141,614.81337.33322,623.74671.672,623.80
102027-071,952.141,613.12339.02322,284.72671.672,623.80
112027-081,952.141,611.42340.71321,944.01671.672,623.80
122027-091,952.141,609.72342.42321,601.59671.672,623.80
132027-101,952.141,608.01344.13321,257.47671.672,623.80
142027-111,952.141,606.29345.85320,911.62671.672,623.80
152027-121,952.141,604.56347.58320,564.04671.672,623.80
162028-011,952.141,602.82349.32320,214.72671.672,623.80
172028-021,952.141,601.07351.06319,863.66671.672,623.80
182028-031,952.141,599.32352.82319,510.84671.672,623.80
192028-041,952.141,597.55354.58319,156.26671.672,623.80
202028-051,952.141,595.78356.36318,799.90671.672,623.80
212028-061,952.141,594.00358.14318,441.77671.672,623.80
222028-071,952.141,592.21359.93318,081.84671.672,623.80
232028-081,952.141,590.41361.73317,720.11671.672,623.80
242028-091,952.141,588.60363.54317,356.57671.672,623.80
252028-101,952.141,586.78365.35316,991.22671.672,623.80
262028-111,952.141,584.96367.18316,624.04671.672,623.80
272028-121,952.141,583.12369.02316,255.02671.672,623.80
282029-011,952.141,581.28370.86315,884.16671.672,623.80
292029-021,952.141,579.42372.72315,511.45671.672,623.80
302029-031,952.141,577.56374.58315,136.87671.672,623.80
312029-041,952.141,575.68376.45314,760.42671.672,623.80
322029-051,952.141,573.80378.33314,382.08671.672,623.80
332029-061,952.141,571.91380.23314,001.86671.672,623.80
342029-071,952.141,570.01382.13313,619.73671.672,623.80
352029-081,952.141,568.10384.04313,235.69671.672,623.80
362029-091,952.141,566.18385.96312,849.73671.672,623.80

How to use this calculator

Calculate monthly payments, annual expenses, and dated extra principal payments. Enter amounts in the units shown, select the applicable options, and click Calculate. Use Reset to restore the starting values.

Calculation formula

Payment = P × i / (1 − (1+i)^−N), with a period-by-period balance schedule.

Assumptions and accuracy

Review timing, rates, fees and result notes when comparing scenarios. Future returns and rates are assumptions rather than guaranteed outcomes. Monetary display follows the currency’s precision; intermediate calculations retain additional digits.

Choose what to calculate

FHA loan calculator with mortgage insurance

Estimate principal, interest, upfront and annual mortgage insurance with entered housing costs. Insurance duration and rates are explicit assumptions.

Open this calculation

Understanding this calculation

Estimate FHA mortgage principal and interest alongside entered upfront and annual mortgage insurance. Keep loan repayment separate from taxes, insurance and other housing costs.

Worked examples

Separate FHA principal and interest from insurance

Illustrative inputs are specified in the steps below; the example link loads the complete settings. Unmentioned settings use the linked defaults.

  1. For an illustrative zero-rate loan with user-entered premiums set to zero, the base loan is 100,000 × 80% = 80,000. Divide by 120 months for 666.67. This is not a current FHA offer or premium quote.

Monthly principal & interest: 666.67 USD.

Try these inputs

Common questions

Does the FHA monthly payment include mortgage insurance?

The principal-and-interest figure does not. Review the total housing payment and insurance assumptions for the broader estimate.

Can upfront FHA insurance increase the loan balance?

In this model an upfront premium affects financing. Check how your actual lender collects or finances the premium before comparing figures.

Scope and assumptions

User-entered premiums and durations must be checked against the applicable program and loan facts. The tool does not verify FHA eligibility or quote a lender.

Sources

Calculation notes checked . Examples are mathematical checks under the stated assumptions.

Calculation methods and formulas

FHA Mortgage

Calculate monthly payments, annual expenses, and dated extra principal payments.

Payment = P × i / (1 − (1+i)^−N), with a period-by-period balance schedule.

Biweekly Comparison

Calculate monthly payments, annual expenses, and dated extra principal payments.

Payment = P × i / (1 − (1+i)^−N), with a period-by-period balance schedule.

See our calculation methodology and review status for data versions, rounding and validation limitations.

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