Finanzen
FHA Loan Calculator
Estimate your monthly payments for an FHA mortgage, including Upfront and Annual Mortgage Insurance Premiums (MIP).
Verwendung
- Enter the Home Price.
- Enter the Down Payment (FHA loans allow as low as 3.5% down).
- Enter your Interest Rate and Loan Term.
- FHA loans require two types of insurance. The standard Upfront Mortgage Insurance Premium (UFMIP) is 1.75%. The Annual MIP is generally around 0.55% and is paid monthly.
- The calculator computes the exact monthly burden, including escrowed property taxes and home insurance.
Formel
FHA Math:
Base Loan = Home Price - Down Payment
UFMIP Amount = Base Loan × 1.75%
Total Loan = Base Loan + UFMIP (if financed)
Monthly Principal & Interest = Total Loan × [ r(1+r)ⁿ ] / [ (1+r)ⁿ - 1 ]
Monthly MIP = (Base Loan × Annual MIP Rate) / 12
Total Payment = P&I + Monthly MIP + (Taxes/12) + (Insurance/12)
Base Loan = Home Price - Down Payment
UFMIP Amount = Base Loan × 1.75%
Total Loan = Base Loan + UFMIP (if financed)
Monthly Principal & Interest = Total Loan × [ r(1+r)ⁿ ] / [ (1+r)ⁿ - 1 ]
Monthly MIP = (Base Loan × Annual MIP Rate) / 12
Total Payment = P&I + Monthly MIP + (Taxes/12) + (Insurance/12)
The FHA Loan Calculator is tailored specifically for Federal Housing Administration mortgages. Unlike standard mortgage tools, it accurately calculates the mandatory 1.75% Upfront Mortgage Insurance Premium (UFMIP) and the ongoing annual MIP, preventing unexpected surprises at closing.