Plan with clarity
Estimate an FHA purchase payment with upfront and annual mortgage insurance, property taxes, insurance and association dues.
Starting values are examples, not current rates or lending terms.
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Put the estimate to work
This standard purchase model includes upfront mortgage insurance of 1.75% of the base loan and an annual premium paid monthly. The annual rate depends on the base loan amount, original LTV and term. Financing upfront MIP increases the starting balance and principal-and-interest payment.
The headline is the estimated monthly total in the first loan year. Annual mortgage insurance is modeled using average scheduled balances and the applicable duration. With original LTV of 90% or less, standard annual MIP generally lasts 11 years; above 90%, it generally lasts for the loan term while the loan remains outstanding. The schedule reflects those distinctions.
This estimator does not determine county loan limits, credit qualification or property eligibility. A minimum down-payment input does not establish borrower approval. Verify the base loan against the applicable Florida FHA county limit and review insurance, taxes, closing costs and the final terms with your lender. Special FHA products and refinance exceptions need separate calculations.
Base loan = price − down payment. Upfront MIP = base loan × 1.75%. Starting loan includes upfront MIP only when financed. Estimated monthly total adds P&I, annual MIP paid monthly and property expenses.
A simple example. For a $400,000 purchase with $14,000 down, the base loan is $386,000. Upfront MIP is $6,755, producing a $392,755 starting loan if that charge is financed.
Sources: HUD: Mortgagee Letter 2023-05 and standard annual MIP tiers · HUD: Mortgage insurance premium calculation method · HUD: FHA mortgage limits lookup. Calculation model reviewed September 8, 2026. Examples are hypothetical.
Common questions
Use the estimate to prepare your questions, then review the property, documentation and financing terms with a mortgage broker.
Schedule a consultationYes. It includes upfront MIP and the standard annual premium tiers based on base loan amount, original LTV and term. Monthly MIP is estimated using scheduled annual balances; lender or servicer rounding can differ.
This model does not use a conventional-PMI cancellation rule. For standard FHA loans under the modeled rules, annual MIP duration is based on original LTV: generally 11 years at 90% LTV or less, or the loan term above 90% while outstanding.
No. Check the applicable HUD county loan limit separately. This calculator does not identify the property location or determine eligibility.
No. They are illustrative calculator inputs. Actual rate, required down payment, terms and eligibility depend on the borrower, property and lender review.
FHA in Florida: Qualify with credit scores as low as 580 and just 3.5% down. Learn 2025 FHA loan requirements, limits, and how to apply with expert guidance.
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