FHA Mortgage Payment Calculator

WeLoan’s FHA mortgage calculator helps you determine your monthly and bi-weekly mortgage payments. 

It includes the Annual Mortgage Insurance Premium (MIP) and the Upfront Mortgage Insurance Premium (UFMIP), giving you the most accurate calculation available. 


The FHA mortgage calculator also helps you forecast the actual cost of owning a home over the term of your mortgage. It does this by including one-time expenses, such as home furnishings and closing costs, in addition to ongoing expenses like property taxes and homeowner’s insurance. 

To get the most out of our FHA mortgage calculator, keep the following tips in mind:

  • FHA loan limits are different depending on where you live and what kind of home you’re looking for, it’s important to look up FHA loan limits for your area.
  • The current minimum FHA loan down payment is 3.5% 
  • The FHA requires interested borrowers to pay a one-time upfront mortgage insurance premium and an ongoing mortgage insurance premium, based on several factors — such as credit score and loan amortization period. 
  • Our FHA mortgage calculator will pre-calculate the UFMIP and an annual MIP based on current rates. 

Simply plug in your personal information, such as down payment amount, income, and how long you want to take to pay back the mortgage.