USAFHA Loan Mortgage Insurance (MIP 1.75% + 0.55%)Finance & SalaryUS FHA Loan, 3.5% Down Payment & Mortgage Insurance (MIP) Calculator
Calculate your Federal Housing Administration (FHA) home loan costs: 3.5% minimum down payment, Upfront Mortgage Insurance Premium (UFMIP 1.75% added to loan), and monthly annual MIP (0.55%).
Calculator Inputs
Live Real-TimeMonthly FHA Mortgage Insurance Premium (MIP)
Upfront Mortgage Insurance (1.75% UFMIP Financed)
5,910.63 $/mo
Minimum Cash Down Payment Required
12,250 $/mo
Detailed Calculation Breakdown
Calculation Methodology
Base Loan = Home Price - 3.5% Down. UFMIP (1.75%) = Base Loan * 0.0175. Total Financed Loan = Base Loan + UFMIP. Monthly MIP = (Total Loan * 0.0055) / 12.
Important Legal & Educational Disclaimer
Under HUD guidelines, annual MIP is 0.55% for 30-year loans with 3.5% down and remains for the entire loan life if down payment is under 10%.
This calculator is designed for educational and informational purposes only based on public statutory frameworks. The outputs do not constitute binding financial, tax, or legal advice. We assume no liability for decisions made based on these estimations. Always verify with the relevant official authorities or a certified professional advisor.
Frequently Asked Questions
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