FHA mortgage insurance premium (MIP) calculator

FHA Loan Calculator 2026 | Estimate Payments - CalQora Use CalQora free FHA loan calculator to estimate monthly payments, MIP, taxes & insurance for your USA home purchase. Fast, accurate FHA estimates in 2026. FHA Loan Calculator: Estimate Your Monthly Payment Instantly An FHA loan calculator estimates your monthly mortgage payment—including principal, interest, property taxes, homeowners insurance, and mortgage insurance premium (MIP)—for a Federal Housing Administration-backed loan. On CalQora's FHA loan calculator, you enter your home price, down payment, interest rate, and loan term to get an instant, accurate estimate before you apply. How FHA Loan Payments Are Calculated FHA loans require a minimum 3.5% down payment for borrowers with a 580+ credit score, and they carry two mortgage insurance costs: an upfront MIP (1.75% of the loan amount) and an annual MIP paid monthly. For 2026, FHA loan limits range from $541,287 in most counties up to $1,249,125 in high-cost areas, per HUD's official 2026 loan limit announcement. Your calculator estimate should always reflect your county's specific limit, since borrowing above it requires a conventional or jumbo loan instead. What CalQora's Calculator Includes * Principal and interest based on current FHA rates * Upfront and monthly MIP * Property tax and homeowners insurance estimates * HOA dues (if applicable) * Total estimated monthly payment (PITI + MIP) Try the full breakdown on the CalQora FHA Loan Calculator or explore our mortgage calculator suite for conventional, VA, and refinance comparisons. Quick Answer (FAQ) How much house can I afford with an FHA loan? Generally, FHA guidelines cap your debt-to-income ratio around 43-50%, meaning your total monthly debts—including the new mortgage—shouldn't exceed that share of your gross income. Is an FHA loan calculator accurate? It gives a close estimate, but final numbers depend on your lender's rate, closing costs, and local tax rates. Always confirm with a loan officer before making an offer. Do FHA loans require mortgage insurance for the life of the loan? If your down payment is under 10%, MIP typically stays for the loan's full term. A 10%+ down payment removes it after 11 years. Why Use CalQora CalQora builds free, precise, easy-to-use financial calculators for U.S. homebuyers—no sign-up required. Start with the FHA loan calculator today to plan your homebuying budget with confidence. Sources: U.S. Department of Housing and Urban Development (HUD.gov), Federal Housing Finance Agency (FHFA.gov).