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FHA Mortgage Insurance (MIP) Calculator

Calculate your FHA upfront and annual mortgage insurance premiums and see your total monthly housing cost.

Home price

Down payment (%)

FHA minimum is 3.5% with 580+ credit.

Interest rate (%)

Loan term (years)

Upfront MIP (1.75%)

$6,755

Financed into loan

Total loan amount

$392,755

Base loan + UFMIP

Monthly P&I

$2,386

at 6.125%

Monthly MIP

$180

0.55% annual / 12

Total monthly P&I + MIP

$2,566

Add taxes, insurance, and HOA for full PITI

MIP stays for the life of the loan unless you put 10%+ down (then drops after 11 years). To eliminate MIP entirely, refinance to conventional once you reach 20% equity.

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Request current rates and loan options based on this FHA payment breakdown. Add a mobile number if you prefer a text.

Calculator results are estimates for planning, not a loan approval, commitment, rate lock, or Loan Estimate.