Mortgage Calculators

FHA Loan Calculator

FHA loans allow low down payments but add mortgage insurance — an upfront premium plus a monthly one. See your true FHA payment.

Inputs

Home price

Down payment

Interest rate

Loan term (years)

Estimates only. Change any value to recalculate instantly.

FHA monthly payment $1,994.55 includes $132.69 monthly MIP

Base loan amount $289,500

Upfront MIP (financed) $5,066 1.75% of loan

Principal & interest $1,861.86

Monthly MIP $132.69

FHA payment breakdown

Principal & interest $1.9k
Monthly MIP $133

FHA loans need as little as 3.5% down, but mortgage insurance applies: 1.75% upfront (added to the loan) plus about 0.55% a year. With under 10% down, MIP usually lasts the life of the loan — refinancing to a conventional loan later can remove it.

Yearly amortization (principal & interest)View table

Year	Principal	Interest	Balance
1	$3,292	$19,050	$291,274
2	$3,513	$18,829	$287,761
3	$3,748	$18,594	$284,013
4	$3,999	$18,343	$280,013
5	$4,267	$18,075	$275,746
6	$4,553	$17,789	$271,194
7	$4,858	$17,485	$266,336
8	$5,183	$17,159	$261,153
9	$5,530	$16,812	$255,622
10	$5,901	$16,442	$249,722
11	$6,296	$16,047	$243,426
12	$6,717	$15,625	$236,709
13	$7,167	$15,175	$229,541
14	$7,647	$14,695	$221,894
15	$8,159	$14,183	$213,735
16	$8,706	$13,636	$205,029
17	$9,289	$13,053	$195,740
18	$9,911	$12,431	$185,829
19	$10,575	$11,768	$175,254
20	$11,283	$11,059	$163,971
21	$12,039	$10,304	$151,932
22	$12,845	$9,497	$139,088
23	$13,705	$8,637	$125,382
24	$14,623	$7,719	$110,759
25	$15,602	$6,740	$95,157
26	$16,647	$5,695	$78,510
27	$17,762	$4,580	$60,748
28	$18,952	$3,391	$41,796
29	$20,221	$2,121	$21,575
30	$21,575	$767	$0

How this calculator works

This calculator runs entirely in your browser — nothing you enter is sent anywhere, and there is no sign-up. Change any input and the result, breakdown, and schedule update instantly.

Rate and cost fields are pre-filled with current benchmarks (Federal Reserve / Freddie Mac via FRED (St. Louis Fed)), so your first result is already realistic — replace them with your own quote to see your numbers. To weigh one option against another, use the loan comparison calculator.

30-year fixed mortgage rate, 2019–2026

Source: Freddie Mac PMMS via FRED. Annual averages; latest weekly reading shown.

Common questions

Is this calculator free, and do I need to sign up?

Yes and no — it is completely free and asks for no account or personal details. Every calculation happens in your browser, so nothing you type is stored or sent to us.

How accurate are the results?

The math is exact for the inputs you give it, but the defaults are national benchmarks — your real rate, fees, taxes, and insurance will differ. Treat the result as a close estimate to refine with a real quote.