Mortgage & Real Estate
FHA Loan Monthly Payment Calculator
Principal, interest, and mortgage insurance premium (MIP) — both upfront and annual.
★ See Mortgage & Real Estate reviews →Formula
Upfront MIP gets financed, annual MIP is monthly
Total Loan = Base Loan + (Base Loan × Upfront MIP%)
Base loan amountHome price minus down payment
Financed upfront MIPAdded to the base loan to form the total amount you actually finance
Monthly MIPTotal loan amount × annual MIP rate ÷ 12, added on top of principal & interest
FAQ
Common questions
Upfront MIP is a one-time premium, typically financed directly into the loan balance rather than paid in cash at closing. Annual MIP is an ongoing premium billed monthly as part of your payment for some or all of the loan term, depending on your down payment and loan-to-value ratio.
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