FHA loans allow down payments as low as 3.5%, but include a mortgage insurance premium (MIP). This calculator defaults to 3.5% down and an MIP-style insurance rate so you can estimate an FHA monthly payment. Confirm current MIP figures with your lender.
How this calculator works
Enter your numbers and the monthly payment recalculates instantly — no submit button, no page reload. The payment breakdown separates principal, interest, taxes, insurance, PMI and HOA. Use the tabs to view a full amortization schedule, compare scenarios side by side, or work backward from a monthly budget. Your inputs are encoded in the page link so you can bookmark or share a scenario without any account.