FHA Loan MIP Calculator: Estimate Additional Loan Payment Costs

Understand & Calculate the Cost of FHA Mortgage Insurance

FHA loans, insured by the Federal Housing Administration (FHA), are one of the most popular choices for people who want to buy a home or refinance an existing mortgage.

FHA loans require a very small down payment and have relatively relaxed guidelines for borrowers to qualify. But FHA loans aren’t the best choice for every borrower, in part because they require mortgage insurance, which adds an additional cost to the loan. Mortgage insurance is different from mortgage life insurance and the mortgage coverage that life insurance policies offer.

FHA Mortgage Insurance Premium Calculator

Use MoneyGeek’s FHA Mortgage Insurance Calculator to learn how much you will be paying to the FHA for the privilege of borrowing a loan under the FHA program.