How to use the FHA Loan calculator
- Enter your numbers. Fill in home price, down payment, interest rate, loan term.
- Enter taxes, insurance & fees details. Fill in property tax / yr, home insurance / yr, HOA / month.
- Read your results. Results update instantly. The headline shows the estimated monthly FHA payment; the breakdown below show the details.
FHA mortgage insurance (MIP)
FHA loans charge two kinds of mortgage insurance:
- Upfront MIP: 1.75% of the base loan, usually financed into the loan.
- Annual MIP: paid monthly. For loans over 15 years up to $726,200 it’s 0.55% with less than 5% down and 0.50% with 5% or more. Larger loans pay 0.75%/0.70%; loans of 15 years or less pay 0.15–0.65%.
With less than 10% down, annual MIP lasts for the life of the loan; with 10% or more, it ends after 11 years.
Monthly MIP = base loan × annual rate ÷ 12
2026 FHA loan limits
For one-unit homes, FHA limits range from the national floor of $541,287 to the high-cost ceiling of $1,249,125, depending on the county. The 2026 conforming loan limit is $832,750.
Who FHA fits
Minimum down is 3.5% with a credit score of 580 or higher (10% for 500–579). FHA is often cheaper than conventional for lower credit scores, while conventional PMI can be cheaper for strong credit and can be removed.
Worked example
With these inputs: home price $350,000; down payment 3.5%; interest rate 6.25%; loan term 30y; property tax / yr $3,500; home insurance / yr $1,500.
The calculator gives an estimated monthly FHA payment of $2,687 (incl. $154.80 monthly MIP). Other results: down payment $12,250, upfront MIP (1.75%, financed) $5,911, total loan amount $343,661, annual MIP rate 0.55% for life of the loan.
What your results mean
Your FHA payment includes monthly MIP on top of principal, interest, taxes and insurance. The upfront MIP is added to the loan, so you pay interest on it too.
Tips
- Compare against a conventional quote if your credit score is 700+.
- Putting 10% down makes MIP end after 11 years.
- Check your county’s FHA limit before house hunting.
Frequently asked questions
How much is FHA mortgage insurance in 2026?
1.75% upfront plus 0.50–0.55% a year for most 30-year loans, under the rates HUD set in 2023, which still apply.
What is the 2026 FHA loan limit?
$541,287 in low-cost areas up to $1,249,125 in high-cost areas for one-unit homes.
Can I remove FHA mortgage insurance?
Only if you put at least 10% down (it ends after 11 years). Otherwise you remove it by refinancing into a conventional loan once you have enough equity.
What credit score is needed for an FHA loan?
580 for 3.5% down; 500–579 requires 10% down. Lenders may set higher minimums.
What is the FHA loan limit in my county?
Look it up on HUD’s FHA Mortgage Limits page. The 2026 range is $541,287 to $1,249,125 for one-unit homes in the contiguous U.S.
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