FHA MIP Calculator
Up-front and annual FHA mortgage insurance, and what it adds each month.
FHA minimum is usually 3.5%
Illustrative
Set by HUD; financed into the loan
Charged monthly on the balance
Both premium figures are yours to set. HUD publishes the up-front and annual factors and revises them from time to time, so this page does not hard-code today's numbers as though they were a quote. The defaults are the commonly cited ones for a 30-year FHA loan with the minimum down payment.
Estimated monthly payment
$3,005
The schedule on the FHA loan
Amortisation of the loan including the financed up-front premium.
360 payments · principal overtakes interest at payment 231
| Period | Paid | Principal | Interest | Interest to date | Balance |
|---|---|---|---|---|---|
| Year 1 | $27,933.19 | $4,270.31 | $23,662.88 | $23,663 | $368,847 |
| Year 2 | $27,933.19 | $4,550.64 | $23,382.55 | $47,045 | $364,296 |
| Year 3 | $27,933.19 | $4,849.37 | $23,083.82 | $70,129 | $359,447 |
| Year 4 | $27,933.19 | $5,167.71 | $22,765.48 | $92,895 | $354,279 |
| Year 5 | $27,933.19 | $5,506.95 | $22,426.24 | $115,321 | $348,772 |
| Year 6 | $27,933.19 | $5,868.46 | $22,064.73 | $137,386 | $342,904 |
| Year 7 | $27,933.19 | $6,253.71 | $21,679.49 | $159,065 | $336,650 |
| Year 8 | $27,933.19 | $6,664.24 | $21,268.96 | $180,334 | $329,986 |
| Year 9 | $27,933.19 | $7,101.72 | $20,831.48 | $201,166 | $322,884 |
| Year 10 | $27,933.19 | $7,567.92 | $20,365.28 | $221,531 | $315,316 |
| Year 11 | $27,933.19 | $8,064.72 | $19,868.47 | $241,399 | $307,251 |
| Year 12 | $27,933.19 | $8,594.14 | $19,339.06 | $260,738 | $298,657 |
| Year 13 | $27,933.19 | $9,158.31 | $18,774.88 | $279,513 | $289,499 |
| Year 14 | $27,933.19 | $9,759.52 | $18,173.68 | $297,687 | $279,740 |
| Year 15 | $27,933.19 | $10,400.19 | $17,533.00 | $315,220 | $269,339 |
| Year 16 | $27,933.19 | $11,082.92 | $16,850.27 | $332,070 | $258,256 |
| Year 17 | $27,933.19 | $11,810.47 | $16,122.72 | $348,193 | $246,446 |
| Year 18 | $27,933.19 | $12,585.79 | $15,347.41 | $363,540 | $233,860 |
| Year 19 | $27,933.19 | $13,411.99 | $14,521.20 | $378,062 | $220,448 |
| Year 20 | $27,933.19 | $14,292.44 | $13,640.76 | $391,702 | $206,156 |
| Year 21 | $27,933.19 | $15,230.68 | $12,702.51 | $404,405 | $190,925 |
| Year 22 | $27,933.19 | $16,230.51 | $11,702.68 | $416,108 | $174,695 |
| Year 23 | $27,933.19 | $17,295.98 | $10,637.21 | $426,745 | $157,399 |
| Year 24 | $27,933.19 | $18,431.40 | $9,501.80 | $436,247 | $138,967 |
| Year 25 | $27,933.19 | $19,641.35 | $8,291.85 | $444,538 | $119,326 |
| Year 26 | $27,933.19 | $20,930.72 | $7,002.47 | $451,541 | $98,395 |
| Year 27 | $27,933.19 | $22,304.74 | $5,628.45 | $457,169 | $76,090 |
| Year 28 | $27,933.19 | $23,768.96 | $4,164.23 | $461,334 | $52,321 |
| Year 29 | $27,933.19 | $25,329.30 | $2,603.89 | $463,937 | $26,992 |
| Year 30 | $27,933.19 | $26,992.07 | $941.12 | $464,879 | $0 |
What this calculation assumes
- The up-front premium is financed into the loan rather than paid in cash — the usual choice.
- The annual premium is charged on the loan balance and does not fall away as equity builds.
- With ten per cent or more down, FHA drops the annual premium after eleven years; below that it stays for the life of the loan.
- Premium factors are published by HUD and change; the values above are inputs, not quotes.
Every rate, fee and premium on this page is illustrative and set by you, not quoted by us. Nothing here is an offer of credit or a commitment to lend.
Every input you change is written into the address of this page, so the link you copy reopens the calculator exactly as you left it.
How long does FHA mortgage insurance last?
On most FHA loans made with less than ten per cent down, the annual premium stays for the life of the loan; with ten per cent or more down it falls away after eleven years. Refinancing out of FHA is the usual way to remove it. Premium factors are set by HUD and change from time to time.
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