Estimate an FHA purchase scenario.

See the base loan, upfront and annual mortgage insurance, first-year payment, and the effect of financing the upfront premium.

Estimated first-year monthly payment

$2,446.87

Financed loan: $294,566.25
Upfront MIP: $5,066.25
First-year monthly MIP: $135.01
Annual MIP rate: 0.55%
Scheduled MIP duration: 30 years
Down payment + cash-paid upfront MIP: $10,500.00

This does not determine FHA eligibility. County limits, appraisal, property, credit, income and lender underwriting still apply.

Educational estimate using HUD-published 2026 limits and MIP rules. Confirm the county limit, case-number date and complete Loan Estimate with an FHA-approved lender.

Important FHA details

County limits vary

The default is the 2026 one-unit national floor. Enter the HUD limit for the property county before relying on the result.

MIP has two parts

FHA generally charges a 1.75% upfront premium plus annual MIP paid monthly. Duration depends on original LTV and term.

Approval is separate

Credit, income, debt, occupancy, appraisal and property requirements are not evaluated by this calculator.

Sources: HUD's 2026 forward mortgage limits and Mortgagee Letter 2023-05. Also estimate your separate closing costs.