Calculators
FHA loans open the door with as little as 3.5% down, but the mortgage insurance structure is genuinely different from a conventional loan — see both pieces of it here, not just the base payment.
$2,327
Total monthly payment (P&I + MIP)
$337,750
Base loan amount
$5,911
Upfront MIP (financed)
$343,661
Total loan amount
$155
Monthly MIP
MIP rates are set by HUD and change over time — the defaults above are a starting point, not a current guarantee. Confirm current FHA MIP rates for an exact number.
These calculators provide estimates for educational purposes only — they are not a loan quote, rate lock, pre-approval, or commitment to lend, and actual figures depend on your full application, credit profile, and current rates through Unitas Lending. Property tax, insurance, and HOA figures are user-entered estimates, not verified amounts.
Want real numbers instead of an estimate? Get pre-approved.
Frequently Asked
Upfront MIP is a one-time charge (usually financed into the loan) paid at closing; annual MIP is a smaller amount charged monthly for the life of the loan in most cases — unlike conventional PMI, FHA's annual MIP often doesn't cancel automatically once you hit 20% equity.
Yes — FHA loans aren't limited to first-time buyers, though FHA does require the home to be your primary residence.