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FHA rates from 5.750% · 3.5% down · Low MIP Check rate →
Free FHA loan calculator · Instant results

FHA Mortgage Calculator

Calculate your estimated FHA loan payment. Adjust home price, rate, and term to see your monthly cost with 3.5% down and low MIP.

$400,000
5.750%
30 years
$4,000
$1,800
Est. Monthly Payment
$2,818
Principal & Interest$2,334
Property Tax$333
Insurance$150
PMI$0
Down Payment$0
Get Exact Rate

No SSN · No credit impact

SIDE BY SIDE

FHA vs Conventional vs Conventional

On a $400,000 home purchase with minimum down payment:

FHA Loan
Best value
Down payment$0
Rate5.750%
PMI/MIP$0/mo
P&I Payment$2,334/mo
Total monthly$2,334
FHA Loan
Down payment$14,000
Rate5.875%
MIP$251/mo
P&I Payment$2,283/mo
Total monthly$2,534
Conventional (5% down)
Down payment$20,000
Rate6.125%
PMI$183/mo
P&I Payment$2,310/mo
Total monthly$2,493
AFFORDABILITY

How Much Can You Afford?

Income: $75,000/yr
~$350K
Estimated home budget
Income: $100,000/yr
~$470K
Estimated home budget
Income: $150,000/yr
~$700K
Estimated home budget

Estimates assume 41% DTI, 3.5% down FHA loan at 5.750%, $400/mo other debt. Actual qualification depends on credit, employment, and residual income.

See what you qualify for

Get your personalized FHA rate in 60 seconds. No SSN. No credit impact.

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FAQ

Frequently Asked Questions

Your FHA monthly payment includes principal and interest (based on loan amount, rate, and term), plus property taxes and homeowners insurance. Unlike FHA and conventional, FHA loans have affordable MIP. The FHA upfront MIP can be financed into the loan amount.
A general guideline is 4-5x your annual income, but FHA loans are more flexible than conventional. FHA uses a residual income test in addition to debt-to-income ratio, which often allows higher purchase prices than other programs.
Our calculator shows principal and interest, property taxes, and homeowners insurance. It does not include HOA fees, utilities, or maintenance. The FHA upfront MIP, if financed, would be added to the loan amount.
FHA payments are lower for three reasons: lower interest rates (currently 5.750% vs 6.125% conventional), 3.5% down payment (no additional loan amount from low down payment), and affordable MIP/MIP (saves $150-400+/month).
RELATED

Related Resources

Today's FHA RatesFHA Purchase LoansFHA Refinance OptionsFHA CostsFHA Limits
EXPLORE

Related Resources

Rates TodayFHA PurchaseFHA CostsFHA MIPFHA Limits
Check Your FHA Rate →
EXPLORE

FHA Resources

→ FHA Requirements → FHA Rates Today → FHA Calculator → Credit Score Guide → Down Payment Guide → FHA vs Conventional → First-Time Buyer → Get Pre-Approved → Closing Costs → Pros & Cons
YOUR FHA RATE

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The calculator gives estimates. For your real rate and payment, get a personalized quote in 60 seconds.

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No SSN required · No credit impact · NMLS #65506 · Equal Housing Lender

EXTRA PAYMENTS

Pay Off Your Loan Faster

See how extra monthly payments can save you thousands in interest and years off your loan.

$200
Interest Saved
$52,847
Years Saved
5.2 yrs
New Payoff
24.8 yrs

Based on $400,000 FHA loan at 5.750% over 30 years. FHA loans have no prepayment penalty.

LIFETIME SAVINGS

FHA Loan Lifetime Savings

The true cost difference between FHA, FHA, and conventional loans over the full 30-year term.

FHA Loan
Total paid over 30 years
$0
3.5% down · affordable MIP · 5.750% rate
Monthly: $2,334 P&I
Best total cost
FHA Loan
Total paid over 30 years
$0
3.5% down · MIP for life · 5.875%
Monthly: $2,617 (P&I + MIP)
+$101K more
Conventional (5% down)
Total paid over 30 years
$0
5% down · PMI ~7 years · 6.125%
Monthly: $2,613 (P&I + PMI)
+$175K more
FAQ

Frequently Asked Questions

Enter your home price, subtract any down payment (3.5% for FHA), add your interest rate, and select your loan term (typically 30 years). The calculator computes principal and interest. FHA loans have no monthly PMI, so your payment is lower than conventional loans at the same rate.

A FHA mortgage payment includes principal, interest, property taxes, and homeowner's insurance (PITI). Unlike FHA and conventional loans, FHA loans do not include monthly mortgage insurance. You may also have an escrow account for taxes and insurance.

Lenders typically use a 41% debt-to-income ratio for FHA loans, though higher ratios may be approved with compensating factors. For example, with $6,000 monthly income and $500 in existing debts, you could qualify for approximately a $1,960 monthly mortgage payment.

Yes, typically. FHA loans have no monthly PMI (saving $100-300/month), often have lower interest rates (0.25-0.50% less), and require 3.5% down payment. On a $400,000 home, a FHA borrower saves approximately $200-400/month compared to a conventional borrower with 5% down.

FHA loan rates depend on your credit score, loan amount, loan term, and market conditions. Buyers with 740+ credit scores typically get the best rates. Valley West Mortgage shops 50+ wholesale lenders to find the lowest available rate for your specific profile.

FHA rates from 5.750%
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