🏦 FHA Loan Calculator 2026
Calculate your 2026 FHA loan monthly payment including principal, interest, MIP, taxes, and insurance. Updated with 2026 FHA loan limits ($541,287 – $1,249,125), MIP rates (0.15% – 0.75% annual), and 3.5% minimum down payment requirements.
What Is an FHA Loan Calculator?
An FHA loan calculator helps you estimate your monthly mortgage payment for a Federal Housing Administration (FHA) loan. FHA loans are popular among first-time homebuyers because they offer low down payment options (as little as 3.5%) and more flexible credit requirements (minimum 580 FICO score).
This calculator includes all the unique costs of an FHA loan:
- Principal & Interest , your base mortgage payment.
- Upfront Mortgage Insurance Premium (UFMIP) , 1.75% of the base loan amount, typically financed into the loan.
- Annual Mortgage Insurance Premium (MIP) , ranges from 0.15% to 0.75% of the loan balance, paid monthly.
- Property Taxes & Homeowners Insurance , estimated based on your home price.
For 2026, the FHA loan limits range from $541,287 (floor) to $1,249,125 (ceiling) for single-family homes.
How Does the FHA Loan Calculator Work?
The calculator performs the following steps:
- Determines your down payment , minimum 3.5% with a 580+ credit score, or 10% with 500–579.
- Checks FHA loan limits , alerts you if the home price exceeds 2026 limits.
- Calculates the base loan amount , home price minus down payment.
- Adds the upfront MIP (1.75%) to the base loan amount.
- Calculates the monthly payment , principal + interest on the total loan amount.
- Adds monthly MIP , based on loan amount, LTV, and term.
- Adds property taxes and insurance , estimated monthly costs.
- Generates a full amortization schedule , showing every payment over the life of the loan.
- Shows MIP duration , life of loan if < 10% down, 11 years if ≥ 10% down.
Why Use This FHA Loan Calculator?
- Updated for 2026: Uses current FHA loan limits ($541,287–$1,249,125) and MIP rates.
- FHA-Specific: Includes upfront MIP, annual MIP, and MIP duration rules.
- Full Amortization: See every payment over the life of the loan with a detailed schedule.
- Visual Chart: Compare principal, interest, MIP, taxes, and insurance at a glance.
- Free & Private: No registration, no data storage , all calculations are done in your browser.
❓ FHA Loan Calculator 2026 FAQ
What are the 2026 FHA loan limits?
The 2026 FHA loan limits for a single-family home range from $541,287 (floor) to $1,249,125 (ceiling in high-cost areas). Two-unit properties range from $693,050 to $1,599,375.
What is the minimum down payment for an FHA loan in 2026?
FHA loans require a minimum down payment of 3.5% if you have a credit score of 580 or higher. If your credit score is between 500 and 579, you'll need at least 10% down.
What is the FHA upfront mortgage insurance premium (UFMIP)?
The upfront MIP is a one-time premium of 1.75% of the base loan amount. It can be financed into the loan so you don't have to pay it out of pocket at closing.
What is the FHA annual mortgage insurance premium (MIP) for 2026?
The annual MIP varies based on loan amount, LTV, and term. For most 30-year loans with < 5% down, it's 0.55%. With 5%+ down, it's 0.50%. Rates range from 0.15% to 0.75% depending on the loan details.
How long do I have to pay FHA mortgage insurance?
If you put less than 10% down, you'll pay MIP for the entire life of the loan. If you put 10% or more down, MIP is required for 11 years.
What credit score do I need for an FHA loan?
You need a minimum 580 FICO score to qualify for the 3.5% down payment option. If your score is between 500 and 579, you may still qualify but with a 10% down payment requirement.
What is the maximum DTI for an FHA loan?
The preferred debt-to-income ratio (DTI) for FHA loans is 43%, though it may go up to 57% depending on your credit profile.
Can I cancel FHA mortgage insurance?
For FHA loans originated after June 3, 2013, if you put less than 10% down, MIP is for the entire loan term and cannot be canceled. If you put 10% or more down, MIP cancels after 11 years. The most common way to eliminate MIP is to refinance into a conventional loan once you have at least 20% equity.
How accurate is this calculator?
This calculator provides accurate estimates based on 2026 FHA guidelines, loan limits, and MIP rates. However, actual loan terms depend on your lender, credit score, and other factors. Use this as a planning tool and consult an FHA-approved lender for a precise quote.
Is this calculator free to use?
Yes, this calculator is completely free to use. No registration or personal data storage is required. All calculations are performed in your browser.