Estimate an FHA loan payment with upfront and annual mortgage insurance.
A $300,000 home with 3.5% down at 6.5% for 30 years, with the 1.75% upfront premium financed and 0.55% annual premium, costs about $2,346.87 a month including tax and insurance.
FHA loans are US government-insured mortgages that allow a down payment as low as 3.5% with lower credit scores. In exchange you pay mortgage insurance: an upfront premium (normally financed into the loan) and an annual premium divided into monthly payments. This calculator includes both.
Premium rates depend on loan size, term and down payment, and FHA limits and rules are updated regularly, so verify the current figures with HUD or your lender. See the VA Mortgage Calculator for veterans and the Down Payment Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Amount |
|---|---|
| Price | $300,000.00 |
| Down payment | $10,500.00 |
| Loan amount | $294,566.25 |
| Upfront mortgage insurance premium | $5,066.25 |
| Monthly payment (principal + interest) | $1,861.86 |
| Monthly mortgage insurance | $135.01 |
| Property tax (monthly) | $250.00 |
| Insurance (monthly) | $100.00 |
| Maintenance / HOA (monthly) | $0.00 |
| Total monthly payment | $2,346.87 |
| Total interest | $375,703.02 |
| Total of all payments | $670,269.27 |
| Time to pay off | 30 years |
| Term | 5.5% p.a. | 6.5% p.a. | 7.5% p.a. |
|---|---|---|---|
| 15 years | $2,891.86 | $3,051.00 | $3,215.68 |
| 20 years | $2,511.29 | $2,681.22 | $2,858.02 |
| 30 years | $2,157.52 | $2,346.87 | $2,544.66 |
3.5% for borrowers with a credit score of 580 or higher; 10% for scores of 500–579.
An upfront premium of 1.75% of the loan (usually financed) plus an annual premium, commonly 0.55% for a 30-year loan with under 5% down.
With under 10% down it generally lasts for the life of the loan; with 10% or more down, 11 years. Check current HUD rules.
Yes — both premium boxes are editable so you can match your lender's quote.
FHA helps with low down payments and credit scores, but the insurance can cost more over time. Compare total costs.
Yes. Limits vary by county and are updated each year — confirm the current figure for your area.
It uses the standard formula: loan = (price − down payment) × (1 + upfront %) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
