FHA Loan Calculator

See your full FHA payment with mortgage insurance included, and where your DTI lands against FHA guidelines, using the same math a lender runs.

Home Loan Details

Home Purchase Price iThe purchase price of the home you are buying, before any down payment.

FHA caps how much you can borrow, and the cap is set county by county. Pick your state to see its 2026 range, and look up your exact county at HUD's site.

State iThe state where the home is located. It drives the FHA loan limit check below the loan readouts, and it estimates your state income tax in the leftover money view. FHA limits are set county by county, so confirm yours at HUD's lookup.

Down Payment iWhat you are putting down, as a percent of the price or a dollar amount.

FHA minimums:
Credit score 580 or higher: 3.5% down
Credit score 500 to 579: 10% down

Putting 10% or more down also helps later: your annual MIP drops to 0.50% and ends after 11 years instead of running the life of the loan.

Credit Score iFHA allows credit scores down to 500, one of the most forgiving programs out there. With a 580 or higher your minimum down payment is 3.5%. Between 500 and 579 FHA requires at least 10% down. Many lenders add their own minimums, commonly 580 to 620, so shop around if your score is low.

Interest Rate iYour quoted annual interest rate. No quote yet? Use a current market estimate for a realistic payment. Check daily rates to get a good average. Click here.

Loan Term iThe loan length in years. Most buyers use 30 years. Shorter terms mean a higher payment and less total interest, and FHA rewards them with cheaper mortgage insurance: terms of 15 years or less run 0.15% to 0.40% instead of 0.50% to 0.75%.

yrs

Upfront MIP (1.75%) iFHA charges an upfront mortgage insurance premium of 1.75% of the base loan amount. Almost everyone rolls it into the loan instead of paying cash, and this calculator finances it the same way.

$6,755

Loan Amount

$392,755

Principal & Interest

$2,352.16/mo

Monthly Housing Costs

Property Taxes iEnter property taxes as a percent of the purchase price per year, or tap $/mo to enter the exact monthly amount from a tax bill or listing. Most areas fall between 1% and 2% per year.

= $500/mo

Homeowner's Insurance iEnter homeowner's insurance as a percent of the purchase price per year, or tap $/mo to enter a real quote. A common estimate is about 0.5% per year.

= $167/mo

HOA Dues iHomeowners association dues, if the property has an HOA. Some HOAs bill quarterly or annually, so tap /yr to enter the annual total instead. Leave it at 0 if there is none.

Other (flood insurance, etc.) iAny other monthly housing cost, such as flood insurance or a special assessment. Leave it at 0 if none apply.

Monthly MIP iFHA's annual mortgage insurance premium, split into your monthly payment. The rate depends on your down payment, loan size, and term. Most 30 year buyers with the minimum down pay 0.55% of the loan per year.

$176.92/mo

Annual MIP Rate

0.55%

MIP Lasts iWith less than 10% down, FHA mortgage insurance runs the life of the loan. Put 10% or more down and it falls off after 11 years. Most buyers who start under 10% down refinance into a conventional loan once they reach 20% equity to drop it.

Life of loan

Income iAdd every income source you receive. All of it counts toward your DTI. Employment income, military base pay, retirement, second jobs, and self-employment are taxable and drive the estimated income taxes. BAH, BAS, VA disability, Social Security, and child support are non-taxable. FHA lets a lender gross up non-taxable income by 15% in the DTI calculation, and this calculator applies the same boost. Rental income is counted at 75%, the same haircut a lender applies.

Total Monthly Income

$11,000

Est. Income Taxes iEstimated the way a lender runs a quick paycheck check: 2026 federal brackets and standard deduction, Social Security and Medicare, plus an approximate state income tax for your state, calculated on a monthly basis with zero adjustments. Non-taxable income is excluded. Local taxes are not included.

FHA qualifies you on gross income, so taxes never change your DTI. They are here so you can see what is actually left over each month.

$2,543/mo

Effective Tax Rate

23.1%

Monthly Liabilities iThe minimum monthly payments that show on your credit report: car loans, credit cards, student loans, and similar. Use the minimum due, not what you actually pay. Do not include utilities, insurance, or the home you are buying.

Total Monthly Debts

$500/mo

Total Monthly Payment

$3,196.09

Principal, interest, taxes, insurance, monthly MIP, HOA, and other

Front-End (Housing) Ratio iYour full house payment, including MIP, divided by gross monthly income. FHA's standard guideline is 31%. With an automated underwriting approval and a strong file, lenders can approve up to 46.99%.

29.06%

29.1% used31% standard / 46.99% AUS max

Back-End (Total DTI) Ratio iYour house payment plus all monthly debts, divided by gross monthly income. FHA's standard guideline is 43%. With an automated underwriting approval and compensating factors like reserves or low payment shock, strong files get approved up to 56.99%. Non-taxable income is grossed up 15% in this math, the same boost FHA allows a lender.

33.60%

33.6% used43% standard / 56.99% AUS max

PASS

Fits FHA's standard 31/43 guidelines

Where Your Income Goes iYour gross monthly income, split the way your budget actually feels it. The bright slice is what is left after estimated income taxes, the full house payment including MIP, and monthly debts. FHA does not check this number, but it is the one your family lives on.

$4,761

left over/mo

Housing payment$3,196

Income taxes (est.)$2,543

Monthly debts$500

Left over$4,761

The math: gross income minus estimated taxes, the full house payment including MIP, and monthly debts. FHA never checks what is left over, but you should.

Understand Your Numbers

What is FHA mortgage insurance?

FHA charges two premiums: an upfront 1.75% of the loan, which almost everyone rolls into the balance, and an annual premium of 0.15% to 0.75% split into your monthly payment. Most 30 year buyers with the minimum down pay 0.55%. That insurance is the trade for FHA's easy entry: 3.5% down and credit scores other programs turn away.

The 31/43 rule, and how far it bends

FHA's standard guidelines are 31% of gross income for the house payment and 43% with all debts included. But those are guidelines, not walls. With an automated underwriting approval and compensating factors like cash reserves or low payment shock, FHA loans get approved up to 46.99% front and 56.99% back every day.

Failing? Pull these levers

Pay down monthly debts. Every minimum payment you eliminate drops your back-end DTI directly.
Lower the price or put 10%+ down. Both shrink the payment, and 10% down also cuts MIP to 0.50% and caps it at 11 years.
Add a co-borrower. FHA allows non-occupant co-borrowers, so a parent or family member's income can help you qualify without living there.

MIP does not have to be forever

Put 10% or more down and MIP falls off automatically after 11 years. Under 10% down, it runs the life of the loan, but that is not a life sentence: once you reach roughly 20% equity through payments and appreciation, refinancing into a conventional loan drops mortgage insurance entirely. Buy with FHA, graduate out of it.

FHA Loan Resource Center

You ran the numbers. Now get the full guide.

My complete FHA Home Loan guide walks through credit and down payment requirements, mortgage insurance, DTI, and closing, so you know exactly what to expect.

Download the Full FHA Guide Book a Free Consultation

This calculator is an educational estimate, not a loan approval, a preapproval, or financial advice. It models FHA's mortgage insurance premiums and DTI guidelines, but a lender verifies your full file: income, assets, liabilities, credit, and payment history, and may apply its own overlays. Taxes and insurance figures are estimates that vary by property and location, and FHA loan limits vary by county. Confirm your numbers with a licensed loan officer before making decisions.

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