FHA mortgage calculator

Loan breakdown

Down payment

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Base loan amount

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Total financed (base + UFMIP)

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Principal & interest

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Escrow (tax + insurance)

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Lifetime mortgage insurance

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When does FHA MIP end?

At 0.0% original LTV, annual MIP drops off after 0 years (0 payments), provided the loan is current.

Compare the conventional route on the PMI calculator or price the exit on the refinance break-even calculator.

FHA loan limits

FHA caps how much you can borrow, and the cap depends on the county and the number of units. For 2025 the one-unit floor (applying to most of the country) is $524,225 and the ceiling in high-cost areas is $1,209,750. Alaska, Hawaii, Guam and the U.S. Virgin Islands use higher figures. Check your own county with HUD’s official lookup before relying on an estimate.

HUD FHA mortgage limits lookup

Above the cap you would need a conventional or jumbo loan — model that on the main mortgage calculator.

Common questions

What is FHA UFMIP?

The Upfront Mortgage Insurance Premium is a one-off charge of 1.75% of the base loan amount. Almost every borrower finances it into the loan rather than paying it at closing, which is why the amount you actually borrow is larger than price minus down payment.

How long does FHA MIP last?

For loans with a term over 15 years, annual MIP runs for the life of the loan when the original loan-to-value is above 90%. At 90% LTV or below (a 10%+ down payment) it drops off after 11 years. Unlike conventional PMI, FHA MIP is not cancelled automatically at 78% LTV.

Can I get rid of FHA MIP?

If your LTV was above 90% at origination, the usual route is refinancing into a conventional loan once you have at least 20% equity. Compare the cost of that move on the refinance break-even calculator.

What is the minimum FHA down payment?

3.5% of the purchase price with a credit score of 580 or higher. Between 500 and 579 the minimum is 10%. FHA also allows gifted funds for the entire down payment.