FHA Loan Details
Home Price
$
Down Payment 3.5%
$
FHA minimum: 3.5% down with 580+ credit score
Interest Rate
%
Loan Term
State
FHA Monthly Payment
$0
P&I + MIP + Tax + Insurance
Principal & Interest$0
Monthly MIP$0
Property Tax$0
Home Insurance$0
Total Monthly$0
⚠️ FHA MIP is permanent on loans with less than 10% down. Unlike conventional PMI, it does NOT automatically drop off when you reach 20% equity. You must refinance to remove it.
FHA Upfront & Loan Costs
Base Loan Amount$0
Upfront MIP (1.75%)$0
Total Loan with MIP$0
Total Interest Paid$0
Total MIP Paid (lifetime)$0
FHA vs Conventional Comparison
📊 FHA Payment Breakdown
FHA loans include Mortgage Insurance Premium (MIP) which is required for the life of the loan if your down payment is less than 10%.
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