FHA loans work differently from conventional mortgages in one important way: mortgage insurance (MIP) applies no matter how much you put down — unlike conventional PMI, which drops off once you hit 20% equity.
Fha upfront mip calculator, added to the loan automatically
The 2026 standard upfront MIP rate is 1.75% of the base loan amount, typically rolled into the loan balance rather than paid in cash at closing. On a $350,000 home with 3.5% down, that's $5,910.63 added on top of the $337,750 base loan — money you'll pay interest on for the life of the loan.
Fha mortgage insurance calculator, monthly and ongoing
On top of the upfront amount, annual MIP (0.55% is typical for most FHA borrowers in 2026) applies every month, calculated on the base loan amount — $154.80/month in this example, added directly to the principal & interest payment.
Fha loan monthly payment calculator, everything included
This tool shows the full picture: base loan, upfront MIP financed in, principal & interest, monthly MIP, and the total payment — all adjustable if your loan's actual MIP rates differ from the 2026 standard defaults.
