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FHA Loan Mortgage Calculator

Finance

Calculate a monthly FHA loan payment including mortgage insurance premium (MIP).

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USD
$10,000.00$10,000,000.00
%
3.5%100%
%
0.1%30%
years
15 years30 years
%
0%3%

Total Monthly Payment

$1,813.96

Principal, interest, and MIP combined

USD

Principal + Interest

$1,690.12

Monthly principal and interest payment

Monthly MIP

$123.84

Monthly mortgage insurance premium

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Mortgage Summary

Your loan of $0 will be paid off by Sep 2056 with total interest of $0.

Home Price$280,000
Loan Amount$0
Down Payment$9,800 (3.5%)
P&I Payment$1,690.12/mo
Total Monthly$1,690.12/mo
Total Interest$0
Total Payments$608,442
Loan PayoffSep 2056
⚠️ PMI required until loan balance reaches 80% of home value. Putting 20% down eliminates this cost.

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Calculator Stats

Odeh Ahwal

Creators

Odeh Ahwal
Reviewed and verifiedThis calculator was reviewed and verified by the Calcupedia due diligence team.

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Frequently Asked Questions

What is MIP?

Mortgage Insurance Premium is required on FHA loans regardless of down payment size, unlike conventional PMI which can be removed once you reach 20% equity.

What is the minimum down payment for an FHA loan?

As low as 3.5% with a qualifying credit score, making FHA loans popular with first-time buyers.

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