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FHA Home Loans Calculator

Fha home loans calculator works out Payment and Total interest from Home price, Down payment and Annual interest rate. The default figures on this page give total monthly payment of 2,659.4; change any entry and the result, the working and the sources update together.

Total monthly payment
2,659.4
Mortgage Payment Calculator
Payment
2,482.48
Total interest
500,936.57
Total of payments
893,691.57
Number of payments
360
Payoff time
30 years
Rate per period
0.541667 %
Interest per unit borrowed
1.2754
Interest saved by extra payments
0
Payments saved
0
Principal and interest
2,482.48
Property tax
0
Home insurance
0
PMI
176.92
Loan amount
386,000
Loan-to-value ratio
96.5 %
Total PMI paid
42,206.97
Upfront fee financed
6,755
Total amount financed
392,755
Worked out from HUD Mortgagee Letter 2023-05, Reduction of Federal Housing Administration (FHA) Annual Mortgage Insurance Premium (MIP) Rates and 9 other sources.
The annual premium is being charged for the whole term. Confirm the duration rule against your programme handbook - FHA, USDA and conventional PMI each terminate differently.

Your figures

Updates as you type
Formatting only. This does not change the calculation.
The nominal annual rate (APR before fees), not the monthly rate.
Added to the term in years, for terms such as 5 years and 6 months. To state a tenure purely in months, set the years to 0 and enter the whole tenure here.
A one-off premium charged as a percentage of the base loan and added to the amount borrowed: the VA funding fee, the FHA upfront MIP or the USDA guarantee fee. These rates are reset by the agency from time to time, so enter the rate currently published for your programme.
Only used when solving for the rate: the principal-and-interest instalment you have been quoted or can afford.
Additional principal paid on top of the scheduled payment.

How this is worked out

6 steps
  1. Loan amount = 400000 - 14000 down = 386000 (LTV 96.5%)
  2. An upfront fee of 6755 is financed, so 392755 is actually borrowed.
  3. Principal and interest = 2482.48
  4. No escrow items entered.
  5. Mortgage insurance at 0.55% of the balance adds 176.92 a month for the whole term.
  6. Total monthly payment = 2659.4
Amortisation scheduletable
periodpaymentinterestprincipalbalance
12,482.482,127.42355.06392,399.94
22,482.482,125.5356.98392,042.96
32,482.482,123.57358.91391,684.05
42,482.482,121.62360.86391,323.19
52,482.482,119.67362.81390,960.38
62,482.482,117.7364.78390,595.6
72,482.482,115.73366.75390,228.85
82,482.482,113.74368.74389,860.11
92,482.482,111.74370.74389,489.37
102,482.482,109.73372.75389,116.62
112,482.482,107.72374.76388,741.86
122,482.482,105.69376.79388,365.07
132,482.482,103.64378.84387,986.23
142,482.482,101.59380.89387,605.34
152,482.482,099.53382.95387,222.39
162,482.482,097.45385.03386,837.36
172,482.482,095.37387.11386,450.25
182,482.482,093.27389.21386,061.04
192,482.482,091.16391.32385,669.72
202,482.482,089.04393.44385,276.28
212,482.482,086.91395.57384,880.71
222,482.482,084.77397.71384,483
232,482.482,082.62399.86384,083.14
242,482.482,080.45402.03383,681.11
252,482.482,078.27404.21383,276.9
262,482.482,076.08406.4382,870.5
272,482.482,073.88408.6382,461.9
282,482.482,071.67410.81382,051.09
292,482.482,069.44413.04381,638.05
302,482.482,067.21415.27381,222.78
312,482.482,064.96417.52380,805.26
322,482.482,062.7419.78380,385.48
332,482.482,060.42422.06379,963.42
342,482.482,058.14424.34379,539.08
352,482.482,055.84426.64379,112.44
362,482.482,053.53428.95378,683.49
372,482.482,051.2431.28378,252.21
382,482.482,048.87433.61377,818.6
392,482.482,046.52435.96377,382.64
402,482.482,044.16438.32376,944.32
412,482.482,041.78440.7376,503.62
422,482.482,039.39443.09376,060.53
432,482.482,036.99445.49375,615.04
442,482.482,034.58447.9375,167.14
452,482.482,032.16450.32374,716.82
462,482.482,029.72452.76374,264.06
472,482.482,027.26455.22373,808.84
482,482.482,024.8457.68373,351.16
492,482.482,022.32460.16372,891
502,482.482,019.83462.65372,428.35
512,482.482,017.32465.16371,963.19
522,482.482,014.8467.68371,495.51
532,482.482,012.27470.21371,025.3
542,482.482,009.72472.76370,552.54
552,482.482,007.16475.32370,077.22
562,482.482,004.58477.9369,599.32
572,482.482,002480.48369,118.84
582,482.481,999.39483.09368,635.75
592,482.481,996.78485.7368,150.05
602,482.481,994.15488.33367,661.72
612,482.481,991.5490.98367,170.74
622,482.481,988.84493.64366,677.1
632,482.481,986.17496.31366,180.79
642,482.481,983.48499365,681.79
652,482.481,980.78501.7365,180.09
662,482.481,978.06504.42364,675.67
672,482.481,975.33507.15364,168.52
682,482.481,972.58509.9363,658.62
692,482.481,969.82512.66363,145.96
702,482.481,967.04515.44362,630.52
712,482.481,964.25518.23362,112.29
722,482.481,961.44521.04361,591.25
732,482.481,958.62523.86361,067.39
742,482.481,955.78526.7360,540.69
752,482.481,952.93529.55360,011.14
762,482.481,950.06532.42359,478.72
772,482.481,947.18535.3358,943.42
782,482.481,944.28538.2358,405.22
792,482.481,941.36541.12357,864.1
802,482.481,938.43544.05357,320.05
812,482.481,935.48547356,773.05
822,482.481,932.52549.96356,223.09
832,482.481,929.54552.94355,670.15
842,482.481,926.55555.93355,114.22
852,482.481,923.54558.94354,555.28
862,482.481,920.51561.97353,993.31
872,482.481,917.46565.02353,428.29
882,482.481,914.4568.08352,860.21
892,482.481,911.33571.15352,289.06
902,482.481,908.23574.25351,714.81
912,482.481,905.12577.36351,137.45
922,482.481,901.99580.49350,556.96
932,482.481,898.85583.63349,973.33
942,482.481,895.69586.79349,386.54
952,482.481,892.51589.97348,796.57
962,482.481,889.31593.17348,203.4
972,482.481,886.1596.38347,607.02
982,482.481,882.87599.61347,007.41
992,482.481,879.62602.86346,404.55
1002,482.481,876.36606.12345,798.43
1012,482.481,873.07609.41345,189.02
1022,482.481,869.77612.71344,576.31
1032,482.481,866.46616.02343,960.29
1042,482.481,863.12619.36343,340.93
1052,482.481,859.76622.72342,718.21
1062,482.481,856.39626.09342,092.12
1072,482.481,853629.48341,462.64
1082,482.481,849.59632.89340,829.75
1092,482.481,846.16636.32340,193.43
1102,482.481,842.71639.77339,553.66
1112,482.481,839.25643.23338,910.43
1122,482.481,835.76646.72338,263.71
1132,482.481,832.26650.22337,613.49
1142,482.481,828.74653.74336,959.75
1152,482.481,825.2657.28336,302.47
1162,482.481,821.64660.84335,641.63
1172,482.481,818.06664.42334,977.21
1182,482.481,814.46668.02334,309.19
1192,482.481,810.84671.64333,637.55
1202,482.481,807.2675.28332,962.27

First 120 of 360 rows.

Yearly summarytable
yearinterestprincipalendingBalance
125,399.834,389.93388,365.07
225,105.84,683.96383,681.11
324,792.144,997.62378,683.49
424,457.435,332.33373,351.16
524,100.325,689.44367,661.72
623,719.296,070.47361,591.25
723,312.736,477.03355,114.22
822,878.946,910.82348,203.4
922,416.117,373.65340,829.75
1021,922.287,867.48332,962.27
1121,395.48,394.36324,567.91
1220,833.218,956.55315,611.36
1320,233.369,556.4306,054.96
1419,593.3610,196.4295,858.56
1518,910.5110,879.25284,979.31
1618,181.911,607.86273,371.45
1717,404.4912,385.27260,986.18
1816,575.0413,214.72247,771.46
1915,690.0214,099.74233,671.72
2014,745.7115,044.05218,627.67
2113,738.1816,051.58202,576.09
2212,663.1817,126.58185,449.51
2311,516.1818,273.58167,175.93
2410,292.3719,497.39147,678.54
258,986.620,803.16126,875.38
267,593.3722,196.39104,678.99
276,106.8423,682.9280,996.07
284,520.7625,26955,727.07
292,828.4426,961.3228,765.75
301,022.7828,765.750

Its 11 worked examples are re-run on every release, last on 15 September 2026. What changed

Sources and references

10 sources
HUD Mortgagee Letter 2023-05, Reduction of Federal Housing Administration (FHA) Annual Mortgage Insurance Premium (MIP) Rates
Issued 2023-02-22, effective for endorsements on or after 2023-03-20 · Annual MIP table by base loan amount, LTV and term, including the 11-year duration rows. The 726,200 breakpoint is the fixed table breakpoint in the letter, not the yearly loan limit.
Standard annuity-immediate payment formula, PMT = P i / (1 - (1+i)^-n)
Equivalent to the Excel PMT function and to the actuarial present value of a level annuity.
12 CFR Part 1026 (Regulation Z), Appendix J - Annual Percentage Rate Computations
Consumer Financial Protection Bureau, "What is included in a mortgage payment?"
US Department of Veterans Affairs, VA funding fee and closing costs - purchase loan fee table
effective 7 April 2023 · First use of the entitlement with less than 5% down is 2.15% of the loan; 5% down 1.5%; 10% down 1.25%. Subsequent use with less than 5% down is 3.3%. VA-backed purchase loans carry no monthly mortgage insurance.
12 U.S.C. 1709(b)(9)(A) - National Housing Act minimum cash investment for FHA-insured mortgages
Not less than 3.5% of the appraised value, which is the FHA preset default down payment.
HUD Single Family Housing Policy Handbook 4000.1, Appendix 1.0 - Mortgage Insurance Premiums
FHA upfront and annual MIP rates are set by mortgagee letter and change; the engine takes them as inputs rather than embedding a table that goes stale.
7 CFR 3555.107 - USDA Single Family Housing Guaranteed Loan guarantee and annual fees
Up-front guarantee fee not to exceed 3.5% of the principal obligation; annual fee not to exceed 0.5% of the average annual scheduled unpaid principal balance. The rates in force change periodically and are published by Rural Development, so they are inputs here.
24 CFR 201.11 - Loan maturities for FHA Title I manufactured home loans
A manufactured home purchase loan may run no more than 20 years and 32 days, which is why the manufactured-home preset defaults to a 20-year term.
GOV.UK - Council Tax
Council Tax is billed by the local council directly to the occupier, so it is not escrowed into a UK mortgage payment; the UK preset therefore hides the US escrow and mortgage-insurance fields.

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What the fha home loans calculator calculates

Computes a full monthly housing payment - principal, interest, property tax, insurance, PMI and HOA - and the lifetime cost of the mortgage.

How to use this fha home loans calculator

Enter Home price, Down payment, Annual interest rate and Loan term. Payment updates as you type. Change one figure at a time to see what drives the result.

How the result is worked out

Open “How this is worked out” beside the result for the step-by-step calculation behind Payment, Total interest and Total of payments.

The method follows HUD Mortgagee Letter 2023-05, Reduction of Federal Housing Administration (FHA) Annual Mortgage Insurance Premium (MIP) Rates, Standard annuity-immediate payment formula, PMT = P i / (1 - (1+i)^-n), 12 CFR Part 1026 (Regulation Z), Appendix J - Annual Percentage Rate Computations, Consumer Financial Protection Bureau, "What is included in a mortgage payment?" and US Department of Veterans Affairs, VA funding fee and closing costs - purchase loan fee table.

What you can compare

Change one input at a time to see how it affects Payment, Total interest and Total of payments. The inputs you can vary are Home price, Down payment, Annual interest rate, Loan term, Term - additional months and Payment frequency.

Results are general information, not financial, tax, legal, medical or engineering advice. Check any decision that matters with a qualified professional.

Embed this calculator on your website

Copy this code into any page. The calculator appears with the figures currently entered, sizes itself to fit, and a small credit line links back here. Free, no account, no ads inside it, no tracking of your readers. Set your own figures and fixed fields; Personal removes the credit line, sets your colour and shows you which sites use it.

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Frequently asked questions

How much should I save for a $500,000 house on an FHA loan?

On the figures this page opens with — home price 500,000, down payment 10, annual interest rate 6% and loan term 30 years — the total monthly payment is 2,659.4. No single number fits everyone: change any figure above and the answer updates as you type, with each step of the arithmetic beside it.

How much do I need to make to buy a $300k house with an FHA loan?

It needs Home price, Down payment, Annual interest rate, Loan term, Term - additional months and Payment frequency. Nothing else is required, and the figures stay in your browser.

What would be my mortgage payment for an FHA loan for a $350,000 home?

Computes a full monthly housing payment - principal, interest, property tax, insurance, PMI and HOA - and the lifetime cost of the mortgage. On this page it is computed from Home price, Down payment and Annual interest rate and shown as Payment, Total interest and Total of payments.

How much income do I need for a 200k FHA loan?

The result gives Payment, Total interest, Total of payments, Number of payments, Payoff time and Rate per period, each labelled with its unit so the figure can be read on its own.

How much can I borrow on an FHA loan?

The page opens with worked default figures: total monthly payment of 2,659.4. Replace them with your own and every figure updates as you type.

What information do I need for the fha home loans calculator?

You need Home price, Down payment, Annual interest rate, Loan term, Term - additional months, Payment frequency, Annual property tax and Annual home insurance. The page opens with default figures that give total monthly payment of 2,659.4, so you can see the scale before entering your own.

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