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FHA Loan Calculator
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Monthly Pay: $4,351.80
Monthly
Total
Mortgage Payment
$3,001.78
$1,080,641.81
Property Tax
$500.00
$180,000.00
Home Insurance
$208.33
$75,000.00
Annual MIP
$225.02
$81,005.72
Other Costs
$416.67
$150,000.00
Total Out-of-Pocket
$4,351.80
$1,566,647.53
House Price
$500,000.00
Loan Amount with Upfront MIP
$490,943.75
Down Payment
$17,500.00
Upfront MIP
$8,443.75
Total of 360 Mortgage Payments
$1,080,641.81
Total Interest
$589,698.06
Mortgage Payoff Date
Dec. 2055
Amortization schedule
Month
Date
Interest
Principal
Ending Balance
1
1/2026
$2,530.00
$472
$490,471.96
2
2/2026
$2,527.57
$474
$489,997.75
3
3/2026
$2,525.12
$477
$489,521.09
4
4/2026
$2,522.67
$479
$489,041.97
5
5/2026
$2,520.20
$482
$488,560.38
6
6/2026
$2,517.71
$484
$488,076.31
7
7/2026
$2,515.22
$487
$487,589.75
8
8/2026
$2,512.71
$489
$487,100.68
9
9/2026
$2,510.19
$492
$486,609.09
10
10/2026
$2,507.66
$494
$486,114.97
11
11/2026
$2,505.11
$497
$485,618.30
12
12/2026
$2,502.55
$499
$485,119.07
End of year 1
13
1/2027
$2,499.98
$502
$484,617.26
14
2/2027
$2,497.39
$504
$484,112.87
15
3/2027
$2,494.80
$507
$483,605.89
16
4/2027
$2,492.18
$510
$483,096.29
17
5/2027
$2,489.56
$512
$482,584.06
18
6/2027
$2,486.92
$515
$482,069.19
19
7/2027
$2,484.26
$518
$481,551.67
20
8/2027
$2,481.60
$520
$481,031.49
21
9/2027
$2,478.92
$523
$480,508.62
22
10/2027
$2,476.22
$526
$479,983.06
23
11/2027
$2,473.51
$528
$479,454.79
24
12/2027
$2,470.79
$531
$478,923.80
End of year 2
25
1/2028
$2,468.05
$534
$478,390.07
26
2/2028
$2,465.30
$536
$477,853.59
27
3/2028
$2,462.54
$539
$477,314.34
28
4/2028
$2,459.76
$542
$476,772.32
29
5/2028
$2,456.97
$545
$476,227.50
30
6/2028
$2,454.16
$548
$475,679.88
31
7/2028
$2,451.34
$550
$475,129.43
32
8/2028
$2,448.50
$553
$474,576.15
33
9/2028
$2,445.65
$556
$474,020.02
34
10/2028
$2,442.78
$559
$473,461.02
35
11/2028
$2,439.90
$562
$472,899.14
36
12/2028
$2,437.01
$565
$472,334.36
End of year 3
37
1/2029
$2,434.10
$568
$471,766.68
38
2/2029
$2,431.17
$571
$471,196.06
39
3/2029
$2,428.23
$574
$470,622.51
40
4/2029
$2,425.27
$577
$470,046.00
41
5/2029
$2,422.30
$579
$469,466.52
42
6/2029
$2,419.32
$582
$468,884.06
43
7/2029
$2,416.32
$585
$468,298.59
44
8/2029
$2,413.30
$588
$467,710.11
45
9/2029
$2,410.27
$592
$467,118.59
46
10/2029
$2,407.22
$595
$466,524.03
47
11/2029
$2,404.15
$598
$465,926.40
48
12/2029
$2,401.07
$601
$465,325.69
End of year 4
49
1/2030
$2,397.98
$604
$464,721.88
50
2/2030
$2,394.87
$607
$464,114.97
51
3/2030
$2,391.74
$610
$463,504.92
52
4/2030
$2,388.60
$613
$462,891.74
53
5/2030
$2,385.44
$616
$462,275.39
54
6/2030
$2,382.26
$620
$461,655.87
55
7/2030
$2,379.07
$623
$461,033.15
56
8/2030
$2,375.86
$626
$460,407.22
57
9/2030
$2,372.63
$629
$459,778.07
58
10/2030
$2,369.39
$632
$459,145.68
59
11/2030
$2,366.13
$636
$458,510.03
60
12/2030
$2,362.86
$639
$457,871.10
End of year 5
61
1/2031
$2,359.56
$642
$457,228.88
62
2/2031
$2,356.25
$646
$456,583.35
63
3/2031
$2,352.93
$649
$455,934.49
64
4/2031
$2,349.58
$652
$455,282.29
65
5/2031
$2,346.22
$656
$454,626.73
66
6/2031
$2,342.84
$659
$453,967.79
67
7/2031
$2,339.45
$662
$453,305.46
68
8/2031
$2,336.03
$666
$452,639.71
69
9/2031
$2,332.60
$669
$451,970.53
70
10/2031
$2,329.15
$673
$451,297.90
71
11/2031
$2,325.69
$676
$450,621.81
72
12/2031
$2,322.20
$680
$449,942.23
End of year 6
73
1/2032
$2,318.70
$683
$449,259.15
74
2/2032
$2,315.18
$687
$448,572.55
75
3/2032
$2,311.64
$690
$447,882.41
76
4/2032
$2,308.09
$694
$447,188.71
77
5/2032
$2,304.51
$697
$446,491.44
78
6/2032
$2,300.92
$701
$445,790.58
79
7/2032
$2,297.31
$704
$445,086.10
80
8/2032
$2,293.68
$708
$444,378.00
81
9/2032
$2,290.03
$712
$443,666.24
82
10/2032
$2,286.36
$715
$442,950.82
83
11/2032
$2,282.67
$719
$442,231.71
84
12/2032
$2,278.97
$723
$441,508.89
End of year 7
85
1/2033
$2,275.24
$727
$440,782.35
86
2/2033
$2,271.50
$730
$440,052.07
87
3/2033
$2,267.73
$734
$439,318.02
88
4/2033
$2,263.95
$738
$438,580.19
89
5/2033
$2,260.15
$742
$437,838.56
90
6/2033
$2,256.33
$745
$437,093.10
91
7/2033
$2,252.49
$749
$436,343.81
92
8/2033
$2,248.63
$753
$435,590.65
93
9/2033
$2,244.74
$757
$434,833.61
94
10/2033
$2,240.84
$761
$434,072.67
95
11/2033
$2,236.92
$765
$433,307.81
96
12/2033
$2,232.98
$769
$432,539.01
End of year 8
97
1/2034
$2,229.02
$773
$431,766.24
98
2/2034
$2,225.04
$777
$430,989.49
99
3/2034
$2,221.03
$781
$430,208.74
100
4/2034
$2,217.01
$785
$429,423.97
101
5/2034
$2,212.96
$789
$428,635.15
102
6/2034
$2,208.90
$793
$427,842.27
103
7/2034
$2,204.81
$797
$427,045.30
104
8/2034
$2,200.71
$801
$426,244.22
105
9/2034
$2,196.58
$805
$425,439.02
106
10/2034
$2,192.43
$809
$424,629.66
107
11/2034
$2,188.26
$814
$423,816.14
108
12/2034
$2,184.07
$818
$422,998.42
End of year 9
109
1/2035
$2,179.85
$822
$422,176.49
110
2/2035
$2,175.62
$826
$421,350.33
111
3/2035
$2,171.36
$830
$420,519.90
112
4/2035
$2,167.08
$835
$419,685.20
113
5/2035
$2,162.78
$839
$418,846.19
114
6/2035
$2,158.45
$843
$418,002.86
115
7/2035
$2,154.11
$848
$417,155.19
116
8/2035
$2,149.74
$852
$416,303.15
117
9/2035
$2,145.35
$856
$415,446.71
118
10/2035
$2,140.94
$861
$414,585.87
119
11/2035
$2,136.50
$865
$413,720.58
120
12/2035
$2,132.04
$870
$412,850.84
End of year 10
121
1/2036
$2,127.56
$874
$411,976.61
122
2/2036
$2,123.05
$879
$411,097.88
123
3/2036
$2,118.52
$883
$410,214.63
124
4/2036
$2,113.97
$888
$409,326.82
125
5/2036
$2,109.40
$892
$408,434.43
126
6/2036
$2,104.80
$897
$407,537.45
127
7/2036
$2,100.18
$902
$406,635.84
128
8/2036
$2,095.53
$906
$405,729.59
129
9/2036
$2,090.86
$911
$404,818.66
130
10/2036
$2,086.17
$916
$403,903.05
131
11/2036
$2,081.45
$920
$402,982.71
132
12/2036
$2,076.70
$925
$402,057.63
End of year 11
133
1/2037
$2,071.94
$930
$401,127.79
134
2/2037
$2,067.15
$935
$400,193.15
135
3/2037
$2,062.33
$939
$399,253.69
136
4/2037
$2,057.49
$944
$398,309.40
137
5/2037
$2,052.62
$949
$397,360.24
138
6/2037
$2,047.73
$954
$396,406.18
139
7/2037
$2,042.81
$959
$395,447.21
140
8/2037
$2,037.87
$964
$394,483.30
141
9/2037
$2,032.90
$969
$393,514.42
142
10/2037
$2,027.91
$974
$392,540.55
143
11/2037
$2,022.89
$979
$391,561.66
144
12/2037
$2,017.85
$984
$390,577.73
End of year 12
145
1/2038
$2,012.78
$989
$389,588.72
146
2/2038
$2,007.68
$994
$388,594.62
147
3/2038
$2,002.56
$999
$387,595.39
148
4/2038
$1,997.41
$1,004.37
$386,591.02
149
5/2038
$1,992.23
$1,009.55
$385,581.47
150
6/2038
$1,987.03
$1,014.75
$384,566.72
151
7/2038
$1,981.80
$1,019.98
$383,546.73
152
8/2038
$1,976.54
$1,025.24
$382,521.50
153
9/2038
$1,971.26
$1,030.52
$381,490.97
154
10/2038
$1,965.95
$1,035.83
$380,455.14
155
11/2038
$1,960.61
$1,041.17
$379,413.97
156
12/2038
$1,955.25
$1,046.54
$378,367.43
End of year 13
157
1/2039
$1,949.85
$1,051.93
$377,315.50
158
2/2039
$1,944.43
$1,057.35
$376,258.15
159
3/2039
$1,938.98
$1,062.80
$375,195.35
160
4/2039
$1,933.51
$1,068.28
$374,127.08
161
5/2039
$1,928.00
$1,073.78
$373,053.30
162
6/2039
$1,922.47
$1,079.31
$371,973.98
163
7/2039
$1,916.91
$1,084.88
$370,889.11
164
8/2039
$1,911.32
$1,090.47
$369,798.64
165
9/2039
$1,905.70
$1,096.09
$368,702.55
166
10/2039
$1,900.05
$1,101.74
$367,600.82
167
11/2039
$1,894.37
$1,107.41
$366,493.40
168
12/2039
$1,888.66
$1,113.12
$365,380.28
End of year 14
169
1/2040
$1,882.93
$1,118.86
$364,261.43
170
2/2040
$1,877.16
$1,124.62
$363,136.80
171
3/2040
$1,871.36
$1,130.42
$362,006.39
172
4/2040
$1,865.54
$1,136.24
$360,870.14
173
5/2040
$1,859.68
$1,142.10
$359,728.04
174
6/2040
$1,853.80
$1,147.98
$358,580.06
175
7/2040
$1,847.88
$1,153.90
$357,426.16
176
8/2040
$1,841.94
$1,159.85
$356,266.31
177
9/2040
$1,835.96
$1,165.82
$355,100.49
178
10/2040
$1,829.95
$1,171.83
$353,928.66
179
11/2040
$1,823.91
$1,177.87
$352,750.79
180
12/2040
$1,817.84
$1,183.94
$351,566.85
End of year 15
181
1/2041
$1,811.74
$1,190.04
$350,376.80
182
2/2041
$1,805.61
$1,196.17
$349,180.63
183
3/2041
$1,799.44
$1,202.34
$347,978.29
184
4/2041
$1,793.25
$1,208.53
$346,769.76
185
5/2041
$1,787.02
$1,214.76
$345,554.99
186
6/2041
$1,780.76
$1,221.02
$344,333.97
187
7/2041
$1,774.47
$1,227.32
$343,106.66
188
8/2041
$1,768.14
$1,233.64
$341,873.02
189
9/2041
$1,761.79
$1,240.00
$340,633.02
190
10/2041
$1,755.40
$1,246.39
$339,386.63
191
11/2041
$1,748.97
$1,252.81
$338,133.82
192
12/2041
$1,742.52
$1,259.27
$336,874.55
End of year 16
193
1/2042
$1,736.03
$1,265.76
$335,608.80
194
2/2042
$1,729.50
$1,272.28
$334,336.52
195
3/2042
$1,722.95
$1,278.84
$333,057.68
196
4/2042
$1,716.36
$1,285.43
$331,772.26
197
5/2042
$1,709.73
$1,292.05
$330,480.21
198
6/2042
$1,703.07
$1,298.71
$329,181.50
199
7/2042
$1,696.38
$1,305.40
$327,876.10
200
8/2042
$1,689.65
$1,312.13
$326,563.97
201
9/2042
$1,682.89
$1,318.89
$325,245.08
202
10/2042
$1,676.10
$1,325.69
$323,919.40
203
11/2042
$1,669.26
$1,332.52
$322,586.88
204
12/2042
$1,662.40
$1,339.39
$321,247.49
End of year 17
205
1/2043
$1,655.50
$1,346.29
$319,901.21
206
2/2043
$1,648.56
$1,353.23
$318,547.98
207
3/2043
$1,641.58
$1,360.20
$317,187.78
208
4/2043
$1,634.57
$1,367.21
$315,820.57
209
5/2043
$1,627.53
$1,374.25
$314,446.32
210
6/2043
$1,620.45
$1,381.34
$313,064.98
211
7/2043
$1,613.33
$1,388.45
$311,676.53
212
8/2043
$1,606.17
$1,395.61
$310,280.92
213
9/2043
$1,598.98
$1,402.80
$308,878.12
214
10/2043
$1,591.75
$1,410.03
$307,468.09
215
11/2043
$1,584.49
$1,417.30
$306,050.79
216
12/2043
$1,577.18
$1,424.60
$304,626.19
End of year 18
217
1/2044
$1,569.84
$1,431.94
$303,194.24
218
2/2044
$1,562.46
$1,439.32
$301,754.92
219
3/2044
$1,555.04
$1,446.74
$300,308.18
220
4/2044
$1,547.59
$1,454.19
$298,853.99
221
5/2044
$1,540.09
$1,461.69
$297,392.30
222
6/2044
$1,532.56
$1,469.22
$295,923.08
223
7/2044
$1,524.99
$1,476.79
$294,446.29
224
8/2044
$1,517.38
$1,484.40
$292,961.88
225
9/2044
$1,509.73
$1,492.05
$291,469.83
226
10/2044
$1,502.04
$1,499.74
$289,970.09
227
11/2044
$1,494.31
$1,507.47
$288,462.62
228
12/2044
$1,486.54
$1,515.24
$286,947.38
End of year 19
229
1/2045
$1,478.74
$1,523.05
$285,424.33
230
2/2045
$1,470.89
$1,530.90
$283,893.44
231
3/2045
$1,463.00
$1,538.79
$282,354.65
232
4/2045
$1,455.07
$1,546.72
$280,807.94
233
5/2045
$1,447.10
$1,554.69
$279,253.25
234
6/2045
$1,439.09
$1,562.70
$277,690.55
235
7/2045
$1,431.03
$1,570.75
$276,119.80
236
8/2045
$1,422.94
$1,578.85
$274,540.96
237
9/2045
$1,414.80
$1,586.98
$272,953.98
238
10/2045
$1,406.62
$1,595.16
$271,358.82
239
11/2045
$1,398.40
$1,603.38
$269,755.44
240
12/2045
$1,390.14
$1,611.64
$268,143.79
End of year 20
241
1/2046
$1,381.83
$1,619.95
$266,523.84
242
2/2046
$1,373.49
$1,628.30
$264,895.55
243
3/2046
$1,365.10
$1,636.69
$263,258.86
244
4/2046
$1,356.66
$1,645.12
$261,613.74
245
5/2046
$1,348.18
$1,653.60
$259,960.14
246
6/2046
$1,339.66
$1,662.12
$258,298.02
247
7/2046
$1,331.10
$1,670.69
$256,627.33
248
8/2046
$1,322.49
$1,679.30
$254,948.03
249
9/2046
$1,313.83
$1,687.95
$253,260.08
250
10/2046
$1,305.13
$1,696.65
$251,563.43
251
11/2046
$1,296.39
$1,705.39
$249,858.04
252
12/2046
$1,287.60
$1,714.18
$248,143.86
End of year 21
253
1/2047
$1,278.77
$1,723.01
$246,420.84
254
2/2047
$1,269.89
$1,731.89
$244,688.95
255
3/2047
$1,260.96
$1,740.82
$242,948.13
256
4/2047
$1,251.99
$1,749.79
$241,198.34
257
5/2047
$1,242.98
$1,758.81
$239,439.53
258
6/2047
$1,233.91
$1,767.87
$237,671.66
259
7/2047
$1,224.80
$1,776.98
$235,894.68
260
8/2047
$1,215.64
$1,786.14
$234,108.54
261
9/2047
$1,206.44
$1,795.34
$232,313.20
262
10/2047
$1,197.19
$1,804.60
$230,508.60
263
11/2047
$1,187.89
$1,813.90
$228,694.71
264
12/2047
$1,178.54
$1,823.24
$226,871.46
End of year 22
265
1/2048
$1,169.14
$1,832.64
$225,038.83
266
2/2048
$1,159.70
$1,842.08
$223,196.74
267
3/2048
$1,150.21
$1,851.58
$221,345.17
268
4/2048
$1,140.67
$1,861.12
$219,484.05
269
5/2048
$1,131.07
$1,870.71
$217,613.34
270
6/2048
$1,121.43
$1,880.35
$215,732.99
271
7/2048
$1,111.74
$1,890.04
$213,842.95
272
8/2048
$1,102.00
$1,899.78
$211,943.18
273
9/2048
$1,092.21
$1,909.57
$210,033.61
274
10/2048
$1,082.37
$1,919.41
$208,114.20
275
11/2048
$1,072.48
$1,929.30
$206,184.90
276
12/2048
$1,062.54
$1,939.24
$204,245.65
End of year 23
277
1/2049
$1,052.55
$1,949.24
$202,296.42
278
2/2049
$1,042.50
$1,959.28
$200,337.13
279
3/2049
$1,032.40
$1,969.38
$198,367.76
280
4/2049
$1,022.26
$1,979.53
$196,388.23
281
5/2049
$1,012.05
$1,989.73
$194,398.50
282
6/2049
$1,001.80
$1,999.98
$192,398.52
283
7/2049
$991
$2,010.29
$190,388.23
284
8/2049
$981
$2,020.65
$188,367.58
285
9/2049
$971
$2,031.06
$186,336.52
286
10/2049
$960
$2,041.53
$184,294.99
287
11/2049
$950
$2,052.05
$182,242.94
288
12/2049
$939
$2,062.62
$180,180.31
End of year 24
289
1/2050
$929
$2,073.25
$178,107.06
290
2/2050
$918
$2,083.94
$176,023.12
291
3/2050
$907
$2,094.68
$173,928.45
292
4/2050
$896
$2,105.47
$171,822.97
293
5/2050
$885
$2,116.32
$169,706.65
294
6/2050
$875
$2,127.23
$167,579.42
295
7/2050
$864
$2,138.19
$165,441.23
296
8/2050
$853
$2,149.21
$163,292.03
297
9/2050
$841
$2,160.28
$161,131.74
298
10/2050
$830
$2,171.42
$158,960.32
299
11/2050
$819
$2,182.61
$156,777.72
300
12/2050
$808
$2,193.85
$154,583.86
End of year 25
301
1/2051
$797
$2,205.16
$152,378.70
302
2/2051
$785
$2,216.52
$150,162.18
303
3/2051
$774
$2,227.95
$147,934.23
304
4/2051
$762
$2,239.43
$145,694.80
305
5/2051
$751
$2,250.97
$143,443.83
306
6/2051
$739
$2,262.57
$141,181.26
307
7/2051
$728
$2,274.23
$138,907.03
308
8/2051
$716
$2,285.95
$136,621.09
309
9/2051
$704
$2,297.73
$134,323.36
310
10/2051
$692
$2,309.57
$132,013.79
311
11/2051
$680
$2,321.47
$129,692.32
312
12/2051
$668
$2,333.44
$127,358.88
End of year 26
313
1/2052
$656
$2,345.46
$125,013.42
314
2/2052
$644
$2,357.55
$122,655.87
315
3/2052
$632
$2,369.70
$120,286.18
316
4/2052
$620
$2,381.91
$117,904.27
317
5/2052
$608
$2,394.18
$115,510.09
318
6/2052
$595
$2,406.52
$113,103.57
319
7/2052
$583
$2,418.92
$110,684.64
320
8/2052
$570
$2,431.39
$108,253.25
321
9/2052
$558
$2,443.92
$105,809.34
322
10/2052
$545
$2,456.51
$103,352.83
323
11/2052
$533
$2,469.17
$100,883.65
324
12/2052
$520
$2,481.90
$98,401.76
End of year 27
325
1/2053
$507
$2,494.69
$95,907.07
326
2/2053
$494
$2,507.54
$93,399.53
327
3/2053
$481
$2,520.46
$90,879.07
328
4/2053
$468
$2,533.45
$88,345.61
329
5/2053
$455
$2,546.51
$85,799.11
330
6/2053
$442
$2,559.63
$83,239.47
331
7/2053
$429
$2,572.82
$80,666.65
332
8/2053
$416
$2,586.08
$78,080.57
333
9/2053
$402
$2,599.41
$75,481.16
334
10/2053
$389
$2,612.80
$72,868.36
335
11/2053
$376
$2,626.27
$70,242.09
336
12/2053
$362
$2,639.80
$67,602.29
End of year 28
337
1/2054
$348
$2,653.41
$64,948.89
338
2/2054
$335
$2,667.08
$62,281.81
339
3/2054
$321
$2,680.82
$59,600.98
340
4/2054
$307
$2,694.64
$56,906.34
341
5/2054
$293
$2,708.53
$54,197.82
342
6/2054
$279
$2,722.48
$51,475.33
343
7/2054
$265
$2,736.51
$48,738.82
344
8/2054
$251
$2,750.62
$45,988.21
345
9/2054
$237
$2,764.79
$43,223.41
346
10/2054
$223
$2,779.04
$40,444.38
347
11/2054
$208
$2,793.36
$37,651.02
348
12/2054
$194
$2,807.75
$34,843.26
End of year 29
349
1/2055
$180
$2,822.22
$32,021.04
350
2/2055
$165
$2,836.77
$29,184.27
351
3/2055
$150
$2,851.39
$26,332.88
352
4/2055
$136
$2,866.08
$23,466.80
353
5/2055
$121
$2,880.85
$20,585.95
354
6/2055
$106
$2,895.70
$17,690.26
355
7/2055
$91
$2,910.62
$14,779.64
356
8/2055
$76
$2,925.62
$11,854.02
357
9/2055
$61
$2,940.70
$8,913.32
358
10/2055
$46
$2,955.85
$5,957.47
359
11/2055
$31
$2,971.08
$2,986.39
360
12/2055
$15
$2,986.39
$0
End of year 30
Year
Date
Interest
Principal
Ending Balance
1
1/26-12/26
$30,196.71
$5,824.68
$485,119.07
2
1/27-12/27
$29,826.12
$6,195.27
$478,923.80
3
1/28-12/28
$29,431.96
$6,589.43
$472,334.36
4
1/29-12/29
$29,012.72
$7,008.67
$465,325.69
5
1/30-12/30
$28,566.81
$7,454.59
$457,871.10
6
1/31-12/31
$28,092.52
$7,928.87
$449,942.23
7
1/32-12/32
$27,588.06
$8,433.33
$441,508.89
8
1/33-12/33
$27,051.50
$8,969.89
$432,539.01
9
1/34-12/34
$26,480.81
$9,540.58
$422,998.42
10
1/35-12/35
$25,873.81
$10,147.58
$412,850.84
11
1/36-12/36
$25,228.19
$10,793.21
$402,057.63
12
1/37-12/37
$24,541.49
$11,479.91
$390,577.73
13
1/38-12/38
$23,811.10
$12,210.29
$378,367.43
14
1/39-12/39
$23,034.24
$12,987.15
$365,380.28
15
1/40-12/40
$22,207.96
$13,813.44
$351,566.85
16
1/41-12/41
$21,329.10
$14,692.29
$336,874.55
17
1/42-12/42
$20,394.33
$15,627.06
$321,247.49
18
1/43-12/43
$19,400.09
$16,621.31
$304,626.19
19
1/44-12/44
$18,342.59
$17,678.81
$286,947.38
20
1/45-12/45
$17,217.80
$18,803.59
$268,143.79
21
1/46-12/46
$16,021.46
$19,999.93
$248,143.86
22
1/47-12/47
$14,749.00
$21,272.39
$226,871.46
23
1/48-12/48
$13,395.58
$22,625.81
$204,245.65
24
1/49-12/49
$11,956.06
$24,065.34
$180,180.31
25
1/50-12/50
$10,424.94
$25,596.45
$154,583.86
26
1/51-12/51
$8,796.41
$27,224.98
$127,358.88
27
1/52-12/52
$7,064.27
$28,957.12
$98,401.76
28
1/53-12/53
$5,221.93
$30,799.47
$67,602.29
29
1/54-12/54
$3,262.37
$32,759.03
$34,843.26
30
1/55-12/55
$1,178.13
$34,843.26
$0
Ad — Responsive Horizontal BannerGoogle AdSense · Responsive
What Is an FHA Loan?
As the name implies, this loan is insured by the Federal Housing Administration (FHA).
It is a government-backed loan that operates under the U.S. Department of Housing and Urban Development (HUD).
The purpose of these loans is to make homes more accessible for those who can’t manage the entire payment up front.
This type of loan features the following:
Lower down payment requirements
Flexible credit score guidelines
Competitive interest rates
Higher allowable debt-to-income (DTI) ratios
At this point, one thing must be mentioned very clearly. FHA does not lend money directly.
It only insures the loans provided by private lenders. The benefit is that with its involvement,
the loans are approved at easy terms and conditions. It is also to help those who otherwise
may not qualify for conventional loans.
How Our FHA Loan Calculator Helps You
Our FHA mortgage loan calculator provides you with a precise idea of your monthly housing costs.
It is not just limited to principal and interest. It allows you to add various other payments
that are often charged while processing these specific loans.
This calculator helps you:
Estimate your full monthly mortgage payment
Include FHA mortgage insurance premiums (MIP)
Add property taxes and homeowners' insurance
Compare 15-year vs 30-year loan terms
Adjust your down payment to see how it impacts your payment
This specialized FHA mortgage calculator with PMI and taxes gives you a clearer picture
of your housing expenses compared to a general mortgage calculator.
What Is Included in an FHA Mortgage Payment?
When you borrow an FHA loan, you have to make multiple payments. Here is the breakdown
of some of the necessary ones.
Principal
It is the total amount borrowed to purchase the property.
Interest
It is the cost charged by the lender for the loan amount pending.
Upfront Mortgage Insurance Premium (UFMIP)
A one-time upfront MIP of 1.75% is required for these loans.
This can usually be rolled into the loan balance.
Annual Mortgage Insurance Premium (MIP)
These are the monthly payments. They vary greatly depending on:
Loan amount
Loan term
Loan-to-value (LTV) ratio
If you pay 10% or more as a down payment, MIP may be removed after 11 years.
Otherwise, it often remains for the entire life of the loan.
Annual Mortgage Insurance Premium (MIP) Rates
MIP rates vary depending on the loan term, loan amount, and down payment size.
The table below shows typical FHA annual MIP rates as of 2026.
Loan Type
Down Payment
Estimated Annual MIP Rate
30 Year FHA Loan
3.5% minimum
~0.55% of loan balance
30 Year FHA Loan
5% – 10%
~0.50% of loan balance
30 Year FHA Loan
10%+
~0.45% of loan balance
15 Year FHA Loan
Less than 10%
~0.40% of loan balance
15 Year FHA Loan
10% or more
~0.25% of loan balance
Property Taxes
These are the payments collected on a monthly basis and are usually held in escrow by your lender.
Homeowners Insurance
This payment is also typically paid monthly through escrow.
When you use our FHA monthly payment calculator, you can adjust all these factors according to your choice.
FHA Loan Requirements (2026 Guidelines)
To qualify for FHA loans, you must fulfill the requirements of lenders.
These requirements may vary depending on the lender.
Here are the updated requirements as of 2026:
Minimum credit score of 580 (3.5% down)
10% down if the credit score is between 500 and 579
Debt-to-income ratio typically under 43%
Steady employment history (usually 2 years)
Property must be the primary residence
Loan amount must fall within FHA loan limits
Loan limits vary by region. In most counties, the 2026 FHA loan limit for a single-family home is $541,287.
Some high-cost areas may allow higher limits.
FHA Loan Benefits
There are several advantages of FHA loans. Especially for average-earning families
and first-time buyers, these loans make homeownership more accessible.
Low Down Payment: Borrowers can purchase a home with as little as 3.5% down.
Flexible Credit Requirements: Easier qualification compared to conventional loans.
Higher DTI Flexibility: Some borrowers qualify with higher debt-to-income ratios.
Competitive Rates: Interest rates are often competitive or even lower than conventional loans.
No Prepayment Penalty: Extra payments or refinancing does not result in penalties.
FHA Loan Drawbacks to Consider
Not every situation makes this loan the best option. There are some disadvantages as well.
Mortgage Insurance Costs: Requires both upfront and annual MIP.
Loan Limits: Borrowing limits may restrict high-priced property purchases.
Property Standards: Homes must meet FHA requirements.
Long-Term Insurance: MIP may last the entire loan life if down payment is less than 10%.
FHA 203(k) Renovation Loans
These loans cover both the purchase price of the home and renovation costs.
Standard 203(k): Used for major renovations.
Streamlined 203(k): Used for smaller improvement projects.
This is a great option if you want to purchase a home and renovate it at the same time.
How to Use the FHA Loan Calculator (Step-by-Step)
Using the FHA loan payment calculator is simple:
Enter the total purchase price of the home.
Enter your down payment (minimum 3.5% if eligible).
Select a 15-year or 30-year loan term.
Enter the interest rate.
Add estimated annual property taxes and homeowners' insurance.
Click the Calculate button.
As a result, you will see:
Monthly mortgage payment
Mortgage insurance cost
Total interest paid
Total loan cost over time
You can compare different scenarios and choose the one that fits your monthly payment preferences.
Why Use Our FHA Loan Monthly Payment Calculator?
Avoid underestimating true housing costs
Plan for mortgage insurance expenses
Compare FHA vs conventional loan options
Budget confidently before pre-approval
Understand long-term loan impact
Let’s plan smarter for your next home loan!
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