FHA Loan Calculator
FHA loans, backed by the Federal Housing Administration, let qualified buyers put down as little as 3.5%. The trade-off is mortgage insurance: an upfront premium plus an annual one built into your payment. Enter a price below to estimate the full FHA payment, insurance included.
Your numbers
Loan balance over time
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Amortization schedule
Every payment, split into principal and interest. Export it or print a copy.
| Year | Principal | Interest | PMI | Balance |
|---|---|---|---|---|
| 2026 | $1,469 | $11,760 | $876 | $316,981 |
| 2027 | $3,106 | $23,353 | $1,751 | $313,875 |
| 2028 | $3,344 | $23,115 | $1,751 | $310,531 |
| 2029 | $3,600 | $22,859 | $1,751 | $306,931 |
| 2030 | $3,875 | $22,583 | $1,751 | $303,056 |
| 2031 | $4,172 | $22,287 | $1,751 | $298,884 |
| 2032 | $4,491 | $21,967 | $1,751 | $294,392 |
| 2033 | $4,835 | $21,623 | $1,751 | $289,557 |
| 2034 | $5,206 | $21,253 | $1,751 | $284,351 |
| 2035 | $5,604 | $20,854 | $1,751 | $278,747 |
| 2036 | $6,033 | $20,425 | $1,751 | $272,714 |
| 2037 | $6,495 | $19,963 | $1,751 | $266,219 |
| 2038 | $6,992 | $19,466 | $1,751 | $259,227 |
| 2039 | $7,528 | $18,931 | $1,751 | $251,699 |
| 2040 | $8,104 | $18,355 | $1,751 | $243,595 |
| 2041 | $8,725 | $17,734 | $1,751 | $234,870 |
| 2042 | $9,393 | $17,066 | $1,751 | $225,478 |
| 2043 | $10,112 | $16,347 | $1,751 | $215,366 |
| 2044 | $10,886 | $15,573 | $1,751 | $204,480 |
| 2045 | $11,719 | $14,739 | $1,751 | $192,761 |
| 2046 | $12,616 | $13,842 | $1,751 | $180,145 |
| 2047 | $13,582 | $12,876 | $1,751 | $166,562 |
| 2048 | $14,622 | $11,836 | $1,751 | $151,940 |
| 2049 | $15,742 | $10,717 | $1,751 | $136,198 |
| 2050 | $16,947 | $9,512 | $1,751 | $119,251 |
| 2051 | $18,245 | $8,214 | $1,751 | $101,006 |
| 2052 | $19,641 | $6,817 | $1,751 | $81,365 |
| 2053 | $21,145 | $5,313 | $1,751 | $60,220 |
| 2054 | $22,764 | $3,694 | $1,751 | $37,455 |
| 2055 | $24,507 | $1,952 | $1,751 | $12,948 |
| 2056 | $12,948 | $281 | $876 | $0 |
FHA mortgage insurance is not the same as PMI
On a conventional loan, PMI comes off automatically once you reach 20% equity. FHA mortgage insurance works differently. There is an upfront premium (currently 1.75% of the loan, usually rolled into the balance) and an annual premium paid monthly. On an FHA loan taken with the minimum 3.5% down, that annual premium lasts the life of the loan unless you refinance out of FHA entirely.
Because of that, this calculator keeps the annual premium running for the whole term rather than dropping it at 20% equity, so the monthly cost and the lifetime total you see reflect how a low-down FHA loan really behaves.
When an FHA loan makes sense
FHA loans shine for buyers with smaller down payments or credit that is still recovering, since they allow lower scores than most conventional programs. The cost is the ongoing insurance. A common path is to start with FHA, build equity, then refinance to a conventional loan to drop the insurance once you qualify.