FHA Loan Calculator
FHA loans are insured by the Federal Housing Administration and allow 3.5% down with a credit score of 580 or higher. In exchange, every FHA borrower pays two insurance premiums: an upfront premium (UFMIP) of 1.75% of the base loan, which is normally added to the loan balance, and an annual premium (MIP) billed monthly.
For most 30-year FHA loans the annual MIP is 0.50%–0.55% of the balance. Unlike PMI, it does not cancel at 80% LTV: with less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. FHA loan limits in most of the U.S. range from $541,287 for a one-unit home.
Loan Parameters
Total Monthly Payment
$3,090
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$508,098
Total Cost
$1,092,506
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $29,014 | $3,659 | $25,354 | $1,984 | $358,657 | $10,343 |
| Year 2 | $29,014 | $3,925 | $25,089 | $1,963 | $354,732 | $14,268 |
| Year 3 | $29,014 | $4,210 | $24,804 | $1,941 | $350,523 | $18,477 |
| Year 4 | $29,014 | $4,516 | $24,498 | $1,917 | $346,007 | $22,993 |
| Year 5 | $29,014 | $4,843 | $24,170 | $1,891 | $341,164 | $27,836 |
| Year 6 | $29,014 | $5,195 | $23,819 | $1,863 | $335,969 | $33,031 |
| Year 7 | $29,014 | $5,572 | $23,441 | $1,834 | $330,396 | $38,604 |
| Year 8 | $29,014 | $5,977 | $23,037 | $1,802 | $324,420 | $44,580 |
| Year 9 | $29,014 | $6,411 | $22,603 | $1,768 | $318,009 | $50,991 |
| Year 10 | $29,014 | $6,876 | $22,137 | $1,732 | $311,132 | $57,868 |
| Year 11 | $29,014 | $7,376 | $21,638 | $1,693 | $303,757 | $65,243 |
| Year 12 | $29,014 | $7,911 | $21,102 | $1,651 | $295,846 | $73,154 |
| Year 13 | $29,014 | $8,486 | $20,528 | $1,606 | $287,360 | $81,640 |
| Year 14 | $29,014 | $9,102 | $19,912 | $1,558 | $278,258 | $90,742 |
| Year 15 | $29,014 | $9,763 | $19,251 | $1,506 | $268,496 | $100,504 |
| Year 16 | $29,014 | $10,471 | $18,542 | $1,451 | $258,024 | $110,976 |
| Year 17 | $29,014 | $11,232 | $17,782 | $1,391 | $246,792 | $122,208 |
| Year 18 | $29,014 | $12,047 | $16,966 | $1,327 | $234,745 | $134,255 |
| Year 19 | $29,014 | $12,922 | $16,091 | $1,259 | $221,823 | $147,177 |
| Year 20 | $29,014 | $13,860 | $15,153 | $1,185 | $207,962 | $161,038 |
| Year 21 | $29,014 | $14,867 | $14,147 | $1,107 | $193,096 | $175,904 |
| Year 22 | $29,014 | $15,946 | $13,067 | $1,022 | $177,149 | $191,851 |
| Year 23 | $29,014 | $17,104 | $11,909 | $932 | $160,045 | $208,955 |
| Year 24 | $29,014 | $18,346 | $10,668 | $835 | $141,699 | $227,301 |
| Year 25 | $29,014 | $19,678 | $9,335 | $730 | $122,021 | $246,979 |
| Year 26 | $29,014 | $21,107 | $7,907 | $619 | $100,914 | $268,086 |
| Year 27 | $29,014 | $22,640 | $6,374 | $499 | $78,274 | $290,726 |
| Year 28 | $29,014 | $24,283 | $4,730 | $370 | $53,991 | $315,009 |
| Year 29 | $29,014 | $26,047 | $2,967 | $232 | $27,944 | $341,056 |
| Year 30 | $29,020 | $27,944 | $1,076 | $84 | $0 | $369,000 |
How the loan programs compare
$369,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $36,900 | $332,100 | — | $199 PMI | $2,922 | 7.488% |
| FHA | 3.5% · $12,915 | $362,316 | UFMIP $6,231 | $165 MIP | $3,090 | 7.761% |
| VA | 0% · $0 | $376,934 | Funding fee $7,934 | $0 | $3,022 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $73,800 | $295,200 | — | $0 | $2,476 | 7.030% |
FHA Loan calculator by state
Estimated monthly payment using each state's property tax and insurance averages.
Frequently asked questions
What is the monthly payment on a $369,000 home with an fha loan?
With 3.5% down, the estimated payment is $3,090 per month ($2,418 principal & interest, $280 property tax, $227 insurance, $165 FHA mortgage insurance) at 7.03% for 30 years, using U.S.-average property tax (0.91%) and insurance ($2,720/yr). APR: 7.761%.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.