Calculators
Every calculator uses only the numbers you type. Nothing is pre-filled, sent or stored. Results are estimates only and are not an offer or commitment to lend.
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- FHA mortgage insurance explainerHUD's upfront and annual mortgage insurance premiums, applied to your numbers.
- Payment and amortizationMonthly principal and interest, a yearly chart, extra-principal payoff and a side-by-side scenario.
- Refinance break-evenHow many months until refinance costs are recovered by a lower payment.
- Debt-to-income checkYour front-end and back-end debt-to-income ratios from your own income and debts.
- Closing cost worksheetAdd up the sections of a Loan Estimate and compare two offers side by side.
FHA mortgage insurance (MIP) explainer (estimates only)
- Upfront MIP: 1.75 percent of the base loan amount for most FHA forward mortgages, usually financed into the loan (HUD Mortgagee Letter 2023-05).
- Annual MIP: set by HUD based on loan term, base loan amount and loan-to-value, and collected monthly. The current chart is in Mortgagee Letter 2023-05 and HUD Handbook 4000.1, Appendix 1.0. Use the premium shown on your Loan Estimate.
- Duration: for case numbers assigned since June 2013, annual MIP lasts either 11 years or the life of the loan, depending on the original loan-to-value.