Base loan and total note differ
The base loan begins with price less down payment. When upfront mortgage insurance is financed, it increases the note balance and interest without increasing the purchase price.
FHA Loan Calculator
Model an FHA purchase with editable upfront and annual mortgage insurance, MIP duration, a local 2026 loan-limit check, full housing costs, closing cash, seller credits, extra principal, debt ratios, equity, Chart.js comparisons, conventional financing, and monthly amortization.
FHA principal, UFMIP, annual MIP, housing budget, loan limit, extras, and conventional comparison
Separate the base mortgage, financed insurance, monthly housing cost, and approval questions
Model the down payment, editable upfront and annual insurance assumptions, MIP duration, local loan limit, taxes, insurance, association dues, maintenance, closing cash, seller credit, cost growth, extra principal, debt ratios, home equity, rate sensitivity, a conventional alternative, and monthly amortization.
Plan with context
An FHA payment combines a mortgage, federal insurance, property costs, and borrower qualification.
FHA insures approved lenders rather than lending directly. A planning worksheet can estimate cash and payments, but current HUD rules, county limits, underwriting, appraisal, occupancy, and property eligibility control the real transaction.
Annual MIP has a rate and duration
The annual premium depends on term, loan amount, LTV, case timing, and program rules. For many current purchase loans above 90% LTV it can continue for the modeled term; lower-LTV cases may use eleven years.
Loan limits are local
The 2026 one-unit national floor and high-cost ceiling do not replace the county lookup. Limits also change with two-, three-, and four-unit properties.
Cash to close exceeds the down payment
Closing charges, prepaid tax and insurance, initial escrow, inspections, appraisal, and any upfront MIP paid in cash add to required funds. Credits have program and contract limits.
Debt ratios are not approval rules by themselves
Housing and total recurring debt ratios provide context, but automated underwriting and manual underwriting consider income stability, liabilities, credit, reserves, compensating factors, and documentation.
FHA versus conventional changes over time
FHA can require less initial cash while carrying mortgage insurance differently. Compare note rate, insurance duration, closing funds, balance, five-year equity, and realistic refinancing or selling costs.
Included
Price, percentage down payment, term, FHA note rate, user-entered local loan limit, 1.75% default UFMIP, editable annual MIP and duration, financed or cash UFMIP, property tax, insurance, HOA, maintenance reserve, cost growth, closing costs, prepaids, seller or lender credit, monthly, annual and one-time extra principal, gross income, recurring debts, front and back ratios, appreciation, payoff savings, rate sensitivity, conventional rate, down payment, PMI and closing comparison, Chart.js composition and balances, and a monthly ownership ledger.
Not included
FHA eligibility or approval, automated-underwriting findings, credit-score and maximum-financing rules, county lookup, multi-unit limits, maximum mortgage calculations, appraised-value limits, interested-party contribution limits, gift documentation, reserves, manual-underwriting ratio rules, adjustable rates, 203(k), streamline refinancing, energy-efficient mortgages, condominiums, manufactured housing, occupancy tests, property standards, exact annual-average-balance MIP rounding, tax deductions, utilities, selling costs, or live lender quotes.
Use it well
Confirm the address and unit count in HUD's current mortgage-limit search, obtain an FHA-approved lender quote, verify the case-specific UFMIP, annual MIP and duration, keep credits separate from the minimum required investment, use realistic tax and insurance quotes, preserve cash reserves, and compare the loan estimate with a conventional alternative over the expected holding period.