How this calculator works
FHA charges 1.75% upfront (usually rolled into the loan) plus annual MIP around 0.55% on most 30-year loans, and on most terms it lasts the life of the loan.
Loans this applies to
Home loan
FHA Loans
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Learn more ›
Home loanMortgage Insurance Guide: PMI, MIP, VA & USDA Fees
“Mortgage insurance” is actually four different programs with different costs and very different exit ramps.
Learn more ›
FAQ
Is the FHA Mortgage Insurance Calculator free?
Yes. It is free, needs no sign-up and does not check your credit.
How accurate is the FHA Mortgage Insurance Calculator?
It uses the same formulas lenders use, but results are estimates. Your actual terms come from your Loan Estimate or term sheet.
Estimates only, for educational use. Not a loan offer or commitment to lend.