Is installation required?

No. The FHA Loan Calculator runs entirely in your browser. No software installation needed.

MIP (Mortgage Insurance Premium) is FHA's mortgage insurance. It has two parts: upfront UFMIP (1.75% of loan, paid once) and annual MIP (0.50-0.55%/year, paid monthly).

What's the minimum FHA down payment?

FHA loans require a minimum 3.5% down payment (credit score 580+). With credit score 500-579, 10% down is required.

Absolutely. All calculations happen locally in your browser. No data is uploaded to any server.

FHA Loan Calculator - MIP/UFMIP Monthly Payment

🏠 Loan Parameters

Home Price ($)

Down Payment (%)

Interest Rate (%)

Loan Term (Years)

📋 MIP Rate Comparison

Upfront MIP 0.55% Ongoing MIP 0.50% Ongoing MIP 0.55%

Upfront MIP (UFMIP): 1.75% of loan amount, added to principal

📊 Results

Loan Amount

$0

UFMIP Amount

$0

Monthly (with MIP)

$0

Total Interest

$0

FAQ

What is an FHA loan?

An FHA loan is a government-backed mortgage insured by the Federal Housing Administration, designed for first-time homebuyers or those with lower credit scores, with down payments as low as 3.5%.

What's the difference between UFMIP and MIP?

UFMIP (Upfront Mortgage Insurance Premium) is a one-time fee of 1.75% of the loan amount, typically rolled into the loan. Annual MIP is paid monthly at 0.50-0.55% of the outstanding balance per year.

What are the FHA MIP rates?

UFMIP is always 1.75% of the loan. Annual MIP depends on the loan term and down payment: 30-year with <5% down = 0.55%/yr; 30-year with ≥5% down = 0.50%/yr; 15-year with <10% down = 0.55%/yr.

How long do I pay MIP?

If your down payment is less than 10%, MIP is required for the entire loan term. With 10%+ down, MIP can be removed after 11 years.

🏠 FHA Loan Calculator