What is the minimum down payment for an FHA loan?

Borrowers with a credit score of 580 or above need a minimum 3.5% down payment. Scores between 500–579 require 10% down.

How much is the FHA mortgage insurance premium?

The upfront MIP is 1.75% of the base loan amount. The annual MIP ranges from 0.15% to 0.75% depending on loan term and LTV ratio.

US FHA Loan Calculator

Calculate monthly payments for an FHA-insured home loan including upfront mortgage insurance premium (1.75% of loan amount) and annual MIP. FHA loans require a minimum 3.5% down payment for borrowers with a 580+ credit score.

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Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate monthly payments for an FHA-insured home loan including upfront mortgage insurance premium (1.75% of loan amount) and annual MIP. FHA loans require a minimum 3.5% down payment for borrowers with a 580+ credit score. Use the us fha loan result to inform your calculation.

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Frequently Asked Questions

What is the minimum down payment for an FHA loan?

How much is the FHA mortgage insurance premium?