Handeware
Money

Total monthly payment

$2,326.97
Upfront insurance premium
$5,910.63
Loan amount
$343,660.63
Principal and interest each month
$2,172.17
Yearly insurance rate
0.55%
Insurance each month
$154.80
Years the insurance is paid
30 years
Cash needed up front
$12,250.00
See every row
MonthInterestPrincipalBalance

This is arithmetic for general information, not financial advice.

Uses the FHA mortgage insurance rates in HUD Mortgagee Letter 2023-05, and the 2026 national conforming loan limit from the Federal Housing Finance Agency. Re-checked in November 2026.

FHA Loan Calculator

See the monthly payment on an FHA home loan with both kinds of FHA mortgage insurance premium counted: the one-time upfront premium and the yearly premium paid each month. This is an unofficial estimate from published rules. The U.S. Department of Housing and Urban Development publishes the real rates, and your lender gives the final numbers.

The yearly rate depends on the loan size, the down payment and the length of the loan. The page picks the rate from the published table and shows how long it lasts.

How it works

The base loan is the price minus the down payment. The upfront premium is 1.75% of the base loan, and you can roll it into the loan or pay it at closing. The principal and interest payment uses the standard loan formula: loan × r ÷ (1 − (1 + r)^−n), where r is the yearly rate divided by 12 and n is the number of months.

The yearly premium is a percent of the base loan, paid in 12 parts. This page figures it on the starting balance, so it reads a little high; in practice it is worked out on the balance as it falls. The rate comes from the published table: it is higher for loans above the limit you enter, and for smaller down payments. For loans with a term over 15 years and a down payment of 10% or more, it is paid for 11 years. In other cases it is paid for the whole loan. The limit opens at the 2026 national conforming loan limit, which sets where the higher rates start.

Worked example

A $350,000.00 home with 3.5% down leaves a base loan of $337,750.00. The upfront premium is $5,910.63, which gives a loan of $343,660.63 when rolled in. At 6.5% over 30 years, principal and interest is $2,172.17 a month. The yearly insurance rate is 0.55%, or $154.80 a month, for 30 years years. The total monthly payment is $2,326.97.

Questions

How much is the minimum down payment?

The lowest down payment this page accepts is 3.5%, which is the usual minimum for an FHA purchase loan. Lower credit scores can need more. Your lender will tell you what applies to you.

Does the yearly insurance ever stop?

It can. With a down payment of 10% or more on a longer loan, it is paid for 11 years. With less down, it is paid for the whole loan.

What is left out of this payment?

Property tax, home insurance, any association dues and closing costs. The loan limit input only sets where the higher insurance rates start. It is not a cap on what you may borrow.

More like this

All Money calculators