FHA Loan Calculator
Estimate monthly housing cost and cash to close for an FHA 1-unit home purchase with UFMIP, annual MIP, county loan limits, taxes, insurance, and HOA.
FHA Loan Calculator
This calculator models a U.S. FHA 1-unit home purchase and combines the down payment, UFMIP, annual MIP, property taxes, insurance, HOA, and county loan limit so you can review monthly housing cost and upfront cash needed in USD on one screen.
FHA 1-unit purchase
HUD MIP table
All amounts in USD
Purchase assumptions
USD
About $350,000
%
Estimated down payment $12,250
%
USD
2026 standard floor example
Enter the county loan limit directly from HUD FHA Mortgage Limits. This calculator models 1-unit purchase scenarios only.
Monthly housing cost and cash to close
%/yr
% est
USD/yr
About $1,800
USD/mo
About $0
Assumptions used here
- UFMIP uses 1.75% under HUD Appendix 1.0.
- Annual MIP follows HUD Mortgagee Letter 2023-05 and changes with the base loan amount, LTV, and term.
- The calculator checks the 1-unit county loan limit together with the 2026 conforming threshold and flags when the limit is exceeded.
- This calculator does not include rate-lock costs, lender credits, seller credits, prepaid escrows, or discount points.
How to read the result
- The large number at the topis the total monthly housing cost combining principal and interest, monthly FHA MIP, taxes, insurance, and HOA.
- Total FHA loan amount reflects whether UFMIP is financed into the note amount.
- Cash to close is based on the down payment, estimated closing costs, and any UFMIP paid upfront.
- The scenario tableshows the difference at 3.5%, 5%, and 10% down using the same home price and rate.
Please review your inputs.
Check the FHA minimum down payment of 3.5% and the base purchase assumptions, then calculate again.
2026 FHA sample
Estimated monthly housing cost
$0.00
Based on the home price and FHA insurance rules you enter, this adds principal and interest, monthly MIP, taxes, insurance, and HOA.
Monthly housing breakdown
Principal & interest (P&I)
$0.00
Monthly FHA MIP
$0.00
Property taxes
$0.00
Homeowners insurance
$0.00
HOA
$0.00
FHA rule check
Down payment scenarios
| Down | Base loan amount | Monthly housing cost | Annual MIP | Cash up front | Limit |
|---|---|---|---|---|---|
| The default example or calculation result will appear here. | |||||
Calculation notes
- This section summarizes the FHA rule check and the county limit result after calculation.
What is an FHA Loan Calculator?
An FHA Loan Calculator helps you quickly estimate the monthly housing cost and upfront cash needed when buying a 1-unit home with a U.S. FHA-insured mortgage. Unlike a generic mortgage calculator, it also reflects FHA-specific UFMIP, annual MIP, county loan limits, and lower down payment structure so your first-home budget is easier to read realistically.
- Calculate the base loan from the home price and down payment percentage
- Apply the 1.75% UFMIP and annual MIP rules together
- Include taxes, insurance, HOA, and closing costs
When this is useful
This is useful when you are preparing for a first U.S. home purchase and want to know what the monthly burden looks like even at 3.5% down, when you want to confirm in advance whether the base loan fits inside the county loan limit, or when you want a quick read on whether FHA or a conventional loan fits your cash position better. Looking at only the price and rate is not enough; insurance costs and upfront cash matter too.
- Planning a first-home budget
- Checking whether the county loan limit is exceeded
- Comparing 3.5%, 5%, and 10% down scenarios
Key features
This tool focuses on showing the key numbers for an FHA 1-unit purchase scenario in one pass. The top result card leads with the monthly housing cost, then separate cards break out the base loan, total FHA loan amount, monthly MIP, and cash to close.
- Choose whether UFMIP is financed or paid in cash
- Auto-detect the annual MIP rate and duration from HUD tables
- See a comparison table for 3.5%, 5%, and 10% down
- See the extra down payment needed if the county limit is exceeded
How to use it
Enter the home price, down payment percentage, expected rate, and loan term first, then add the FHA 1-unit county loan limit for the county you are shopping in. After that, enter the property tax rate, annual homeowners insurance, monthly HOA, and an estimated closing-cost percentage, then choose how you want to handle UFMIP. The calculator will return the monthly housing cost, cash to close, and the FHA insurance rule that applies.
- Look up and enter the county 1-unit limit from HUD FHA Mortgage Limits
- Use tax, insurance, and HOA assumptions close to your current quote
- Use the quick buttons to compare 3.5%, 5%, and 10% down immediately
What this FHA estimate is based on
As checked on 2026-03-22, this tool uses the annual MIP table in HUD Mortgagee Letter 2023-05, the 2026 1-unit FHA mortgage limit floor and ceiling range from the HUD search page, and the 2026 baseline conforming loan limit published by FHFA. Actual approval can still change based on credit score, AUS findings, lender overlays, seller credits, prepaid escrows, discount points, and occupancy requirements, so you should compare the output with your Loan Estimate.
- UFMIP: UFMIP uses 1.75% of the base loan and is truncated to two decimals in line with HUD guidance.
- Annual MIP: Annual MIP changes between 15 and 75 bps depending on the base loan amount, LTV, and term.
- County loan limit: County loan limits vary by location, so you need to compare them against the base loan amount rather than the home price.
- References: HUD ML 2023-05, HUD FHA Mortgage Limits, FHFA Conforming Loan Limits
Frequently asked questions
What minimum down payment does this FHA model assume?
This calculator assumes the common FHA purchase starting point of 3.5% down or more. Actual eligibility can still vary by credit score and lender overlays, but the current model does not accept down payments below 3.5%.
How are UFMIP and annual MIP different?
UFMIP is a one-time upfront premium charged at closing, while annual MIP is the mortgage insurance that is paid month by month. Both affect total FHA cost, so whether you finance UFMIP or pay it in cash changes both monthly principal and interest and upfront cash needed.
Why do I need to enter the county loan limit myself?
FHA loan limits vary by county and can change each year. Even if the home price is the same, a lower county limit can cause the base loan amount to exceed the cap and require a larger down payment. That is why this calculator is designed for direct input from the official HUD lookup.
When does annual MIP end?
This tool follows HUD Mortgagee Letter 2023-05 and determines MIP duration from the LTV and term. If the current input is above 90%, it generally shows the full loan term; if it is 90% or less, it generally shows 11 years. Refinance strategy and the actual FHA case details still need to be confirmed with the lender.
What costs are not included here?
This calculator does not fully model detailed closing items such as lender origination fees, appraisal, title, recording, prepaid escrow months, rate buydowns, seller credits, HOA special assessments, or HOA transfer fees. Your actual Loan Estimate and Closing Disclosure can therefore differ from the result here.
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