FHA
FHA Loan Affordability Calculator
FHA loans require a minimum 3.5% down payment. Includes upfront MIP (1.75%) rolled into the loan and annual MIP (0.55%).
Loan Details
= $12,250 · LTV: 96.5%
FHA Mortgage Insurance
Upfront MIP: 1.75% → $5,911 added to loan
Annual MIP: 0.55% → $158/mo
FHA Loan Amount: $343,661
Total Monthly FHA Payment
$2,823
/month
Payment Breakdown
Principal & Interest$2,258/mo
Property Tax$292/mo
Insurance$117/mo
Annual MIP$158/mo
Loan Details
Home Value
$350,000
Base Loan Amount
$337,750
FHA Loan (w/ MIP)
$343,661
Down Payment
$12,250
LTV Ratio
96.5%
Upfront MIP
$5,911
Monthly MIP
$158
Monthly P&I
$2,258
Front-End DTI
26.9%
Back-End DTI
41.2%