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Thinking an FHA loan's low down payment is the whole story? That upfront fee and annual MIP can add thousands to your loan - discover your true cost in seconds.

FHA MIP and Upfront Fee Calculator

The FHA MIP and Upfront Fee Calculator helps you understand the two types of mortgage insurance required for most FHA loans. It calculates the one-time Upfront Mortgage Insurance Premium (UFMIP) that's financed into your loan and the annual MIP that is paid in monthly installments. This tool provides a clear picture of your total loan amount and accurate monthly mortgage payment, beyond just principal and interest.

FHA MIP Calculator - 2026

Enter sales price and down payment. Loan amount includes 1.75% upfront FHA fee.
Please enter a valid sales price
Down Payment Amount
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Upfront MIP (UFMIP) - 1.75%
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Total Loan Amount (with UFMIP)
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Loan-to-Value (LTV)
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Selected MIP Rate
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Estimated Monthly MIP
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MIP Duration
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FHA Monthly MIP Chart

Annual MIP Chart - 2026 (15+ years)

Loan Amount Down Payment Annual MIP Rate Length of Payments
$726,200 or less 10% or more 0.50% 11 years
$726,200 or less 5%–10% 0.50% Entire loan
$726,200 or less Less than 5% 0.55% Entire loan
$726,200 or more 10% or more 0.70% 11 years
$726,200 or more 5%–10% 0.70% Entire loan
$726,200 or more Less than 5% 0.75% Entire loan

Annual MIP Chart - 2026 (≤15 years)

Loan Amount Down Payment Annual MIP Rate Length of Payments
$726,200 or less 10% or more 0.15% 11 years
$726,200 or less Less than 10% 0.40% Entire loan
$726,200 or more 22% or more 0.15% 11 years
$726,200 or more 10%–22% 0.40% 11 years
$726,200 or more Less than 10% 0.65% Entire loan
Estimates use the 2026 FHA annual MIP chart. Lenders may round or apply policies differently.

FHA Funding Fee and Monthly MIP

FHA loans require borrowers to pay mortgage insurance in two forms, commonly grouped as the FHA's "funding fees." The first is the Upfront Mortgage Insurance Premium (UFMIP), a one-time cost equal to 1.75% of the loan amount. This fee is due at closing but can often be added to your loan balance.

The second is the annual Mortgage Insurance Premium (MIP), which varies between roughly 0.15% and 0.75% of the loan, depending on factors such as loan term and loan-to-value ratio. This MIP is collected monthly as part of your mortgage payment.

These insurance costs protect the lender and the FHA in case of default, allowing borrowers with lower credit scores or smaller down payments to qualify. If your down payment is less than 10%, MIP usually continues for the life of the loan, but with a down payment of 10% or more, it can end after 11 years.
Read more: FHA Mortgage Insurance Premium Chart & explanation