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FHA Loan Calculator

Estimate the monthly PITI, upfront MIP, annual MIP and total interest & fees of a U.S. FHA mortgage.

Input Data

物業成交價 (美元)。
$
FHA minimum down is 3.5% (10% if credit is weaker).
%
按揭年利率。
%
按揭還款年期。
yr
Upfront MIP (UFMIP), about 1.75%, added to the loan at closing.
%
Annual MIP，約 0.15%–0.75%，按月攤入供款。
%
估計每年物業稅 (美元)。
$
估計每年房屋保險 (美元)。
$

Results

$386,000
$6,755
Base loan plus upfront MIP.
$392,755
$2,482.48
$176.92
$300
$100
Principal, interest, tax and insurance.
$3,059.4
$500,938
$70,446

Outstanding balance

At a glance:An FHA loan is a U.S. government-insured mortgage allowing down payments as low as 3.5%, but requires mandatory mortgage insurance (MIP): an upfront premium (UFMIP) at closing and a monthly annual MIP for the life of the loan in many cases. This calculator estimates the monthly PITI and total costs.

Formula

r = annual ÷ 100 ÷ 12; n = years × 12.

Down = price × down%; base loan = price − down.

Upfront MIP = base loan × UFMIP%; financed = base loan + upfront MIP.

Monthly P&I = financed × r × (1+r)^n ÷ ((1+r)^n − 1).

Monthly MIP = base loan × annual MIP% ÷ 12; PITI = P&I + MIP + tax/12 + insurance/12.

How to Use

  1. Enter home price, down payment % (FHA min 3.5%), annual rate and term.
  2. Set the UFMIP and annual MIP rates (defaults are typical, adjust to your Loan Estimate).
  3. Add yearly property tax and insurance to see the full monthly PITI and total interest & insurance.

FAQ

How is FHA different from a conventional loan?

FHA is government-insured, allowing a lower down payment (3.5%) and looser credit, but charges mandatory MIP — an upfront premium (UFMIP) rolled into the loan and a monthly annual MIP that often lasts the whole term, whereas conventional loans drop PMI once you reach 20% equity.

Can I pay UFMIP in cash instead of financing it?

Yes. The ~1.75% UFMIP can be paid at closing in cash so it is not added to the loan; most borrowers finance it to reduce upfront cash, which is the default here, so the financed amount is slightly higher than the base loan.

Does this apply in Hong Kong?

No. FHA is a U.S. product; amounts here are USD for educational illustration. Hong Kong mortgages (stress test, mortgage insurance, P/H plans) are entirely different — use the Hong Kong mortgage calculators on this site.

Related Tools

References

Content review: Calculatorism Finance Team. FHA figures follow public HUD guidance for educational reference only; actual terms per your lender.

Found a problem with the results?

If this calculator's result is wrong, or you have any question about the calculation logic, please let us know. You are viewing:FHA Loan Calculator（/finance/fha-loan）。