Estimate your FHA loan payment including the upfront and annual mortgage insurance premium (MIP), using the 2026 FHA loan limits.
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FHA minimum is 3.5%
Your Estimated FHA Monthly Payment
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Principal and Interest—
Monthly MIP—
Upfront MIP (financed into loan)—
2026 FHA Loan Limit (most areas)—
Formula
Upfront MIP = Base Loan × 1.75%. Monthly MIP is about 0.55% of the financed loan per year for most 30-year FHA loans with under 5% down.
Example
A $350,000 home with 3.5% down leaves a $337,750 base loan. Adding 1.75% upfront MIP brings the financed total to about $343,661, with monthly principal and interest near $2,174 at 6.5%.
Not tax or financial advice. This calculator provides general estimates based on published 2026 figures. Always confirm important figures with the IRS, SSA, your state tax agency, a licensed lender, or a qualified professional.
Frequently Asked Questions
Does FHA mortgage insurance ever go away?
If your down payment was 10 percent or more, MIP can be removed after 11 years. Below 10 percent down, MIP typically stays for the life of the loan unless you refinance.
What is the 2026 FHA loan limit?
$541,287 in most counties, rising to $1,249,125 in the highest cost areas.