FHA Calcs

FHA mortgage insurance

FHA MIP Calculator

Estimate FHA upfront MIP and yearly periodic monthly mortgage insurance from HUD-sourced assumptions.

This estimate is for 30-year fixed FHA purchase loans only. It does not verify county FHA loan limits, determine eligibility, or provide a loan approval or rate quote.

Calculate FHA MIP

Advanced: enter base loan and original LTV directly

Advanced inputs override home price/down payment. The base loan is still floored to whole dollars before LTV, threshold, and UFMIP calculations.

MIP estimate

$154.02 / month in year one

Upfront MIP$5,910.62
Monthly MIP, year 1$154.02
Year-one MIP total$1,848.22
Annual MIP rate55 bps
MIP durationloan term
Original LTV96.50%
Base loan for HUD MIP table$337,750
Estimated loan amount used for P&I$343,660

Last verified: 2026-06-02. Threshold for the MIP table: $726,200 from HUD Mortgagee Letter 2023-05.

Yearly MIP summary

YearAverage outstanding balanceAnnual MIPMonthly MIPEnding balance
1$341,920.10$1,848.22$154.02$339,818.90
2$337,962.48$1,826.82$152.24$335,720.56
3$333,739.81$1,804$150.33$331,347.74
4$329,234.33$1,779.65$148.30$326,682.05
5$324,427.10$1,753.66$146.14$321,703.89
6$319,297.92$1,725.94$143.83$316,392.34
7$313,825.23$1,696.35$141.36$310,725.06
8$307,986.02$1,664.79$138.73$304,678.21
9$301,755.73$1,631.12$135.93$298,226.39
10$295,108.20$1,595.18$132.93$291,342.50
11$288,015.49$1,556.85$129.74$283,997.60
12$280,447.77$1,515.93$126.33$276,160.79
13$272,373.21$1,472.29$122.69$267,799.13
14$263,757.90$1,425.72$118.81$258,877.48
15$254,565.59$1,376.03$114.67$249,358.32
16$244,757.66$1,323.02$110.25$239,201.65
17$234,292.88$1,266.45$105.54$228,364.78
18$223,127.27$1,206.09$100.51$216,802.15
19$211,213.86$1,141.70$95.14$204,465.13
20$198,502.58$1,072.98$89.42$191,301.88
21$184,940.02$999.68$83.31$177,257.08
22$170,469.15$921.45$76.79$162,271.66
23$155,029.12$838$69.83$146,282.63
24$138,555.05$748.94$62.41$129,222.79
25$120,977.67$653.94$54.50$111,020.41
26$102,223.10$552.56$46.05$91,598.98
27$82,212.51$444.39$37.03$70,876.87
28$60,861.77$328.98$27.42$48,766.98
29$38,081.15$205.85$17.15$25,176.34
30$13,774.85$74.46$6.21$5.78
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How FHA MIP is calculated

FHA mortgage insurance has two parts: upfront MIP and annual periodic MIP. This calculator floors the base loan to a whole-dollar HUD amount, applies the 1.75% UFMIP rate, and then uses the original amortization schedule to estimate yearly average outstanding balances for monthly MIP.

Current MIP rate assumptions

For 30-year fixed purchase loans, this page uses the HUD Mortgagee Letter 2023-05 MIP table: 50, 55, 70, or 75 bps depending on base loan amount and original LTV. Last verified: 2026-06-02.

Upfront vs monthly MIP

Upfront MIP is a one-time premium. If it is financed, it is added to the estimated loan amount used for principal and interest. It is not included in the original LTV or MIP tier threshold calculation.

When MIP falls off

When your original LTV is 90% or less (typically 10%+ down), MIP is paid for 11 years; otherwise for the loan term.

UFMIP refund: what to know

This page does not calculate UFMIP refund amounts. Refund eligibility and amount can depend on transaction type, timing, and current HUD policy. Use this tool for purchase-payment estimates only.

Could conventional PMI be cheaper?

Sometimes. Conventional PMI may cancel under certain conditions, while FHA MIP duration depends on original LTV. Compare editable assumptions on the FHA vs conventional calculator.

FAQ

Is monthly MIP just base loan × rate ÷ 12?

No. This calculator uses a yearly average outstanding balance from the amortization schedule, so the monthly MIP changes as the loan pays down.

Does financed UFMIP change the LTV tier?

No. UFMIP financing affects the P&I loan amount but does not participate in the original LTV or MIP table threshold.