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
โš ๏ธ 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
๐Ÿ“Š 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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