FHA Loan Calculator
Calculate Your FHA Loan Payment
Estimate your monthly payment with as little as 3.5% down
Loan Details
Minimum 3.5% required
Your Monthly Payment
Total Monthly Payment
$0
Loan Summary
FHA MIP: FHA loans require both upfront MIP ($0) rolled into the loan and monthly MIP ($0) for the life of the loan on 30-year terms with <10% down.
* These calculations are estimates only. Actual payments may vary based on your specific situation and current market conditions.
How an FHA Payment Is Built
An FHA payment is principal and interest plus two separate mortgage insurance charges: an upfront premium of 1.75% of the loan amount that is usually financed into the balance, and an annual premium — most commonly 0.55% — divided into twelve and added to every monthly payment. With the minimum 3.5% down, that annual premium stays on the loan for its full term, which is the single biggest reason an FHA payment runs higher than a VA payment on the same price.
FHA exists for buyers who cannot clear conventional credit or down payment thresholds. Scores in the 580s qualify at 3.5% down, and FHA is more forgiving on collections, medical debt, and a shorter time since a bankruptcy or foreclosure. If you have VA entitlement, compare the two before you choose — zero down and no monthly mortgage insurance almost always wins.
The Numbers That Move Your Payment
Upfront MIP financed into the loan
The 1.75% upfront premium is added to your base loan amount, so you finance slightly more than the purchase price minus your down payment.
Annual MIP that never falls off
At 3.5% down the annual premium stays for the life of the loan. Removing it later means refinancing out of FHA entirely.
Texas property taxes and insurance
Bexar County effective tax rates and Texas homeowners premiums are a large share of the payment — often more than the mortgage insurance itself.
3.5% minimum down payment
Gift funds from a family member are allowed for the entire down payment, which is one of FHA's most useful features for first-time buyers.
FHA Calculator Questions
Quick Answer
An FHA payment is principal and interest plus two separate mortgage insurance charges: an upfront premium of 1.75% of the loan amount that is usually financed into the balance, and an annual premium — most commonly 0.55% — divided into twelve and added to every monthly payment. With the minimum 3.5% down, that annual premium stays on the loan for its full term, which is the single biggest reason an FHA payment runs higher than a VA payment on the same price.
Ready to Get Pre-Qualified?
See if you qualify for FHA financing today
Proudly Serving Military Families Since 2019