Your numbers
Estimates use 1.75% upfront MIP (financed into the loan) and ~0.55% annual MIP. Default rate reflects mid-2026 California FHA pricing (~6.5%). Enter today's quote for accuracy.
Your estimated payment
- Principal & interest$0
- Property tax$0
- Home insurance$0
- Annual MIP$0
- HOA$0
Estimate only — not a loan offer. Upfront MIP of 1.75% is financed into the loan balance.
| FHA loan summary | |
|---|---|
| Base loan amount | $0 |
| Upfront MIP (1.75%, financed) | $0 |
| Total loan (base + upfront MIP) | $0 |
| Down payment | $0 |
| Est. annual MIP | $0 |
What makes this an FHA calculator
FHA has two mortgage-insurance quirks a generic calculator misses — and both are built in above:
- Upfront MIP financed into the loan. FHA charges 1.75% of the base loan upfront, and most buyers roll it into the balance rather than pay cash. So your total loan (and your principal & interest) is based on the base loan plus that premium. The summary table shows both.
- Annual MIP. On top of that, ~0.55% of the balance is added to your payment each year. The calculator includes it in your monthly total and flags how long it lasts.
Understanding your FHA mortgage insurance
FHA insurance comes in two parts. The upfront premium (UFMIP) is a one-time 1.75%, financed in. The annual premium (MIP) is ~0.55% of the balance, paid monthly. The key detail: with less than 10% down (which is most FHA buyers), the annual MIP lasts the life of the loan — it doesn't cancel like conventional PMI. That's why many California buyers use FHA to get in, then refinance to conventional once they hit ~20% equity to remove it. See the full trade-off on FHA Pros & Cons.
Are you within the FHA limit?
For 2026, California FHA limits run from $541,287 in standard counties to $1,249,125 in high-cost counties (LA, Orange, Bay Area). If your total loan lands within your county's limit, FHA is on the table. Above it, you'd look at conventional or jumbo instead. The calculator checks this against the limit you select — but confirm your exact county figure with us, since it varies. See Requirements for the full limit picture.
FAQs
How is the payment calculated?
Principal & interest on the base loan plus financed upfront MIP, plus monthly taxes and insurance, plus annual MIP, plus any HOA. The tool adds them all.
Does FHA add the upfront MIP to my loan?
Usually — the 1.75% upfront premium is typically financed into the balance rather than paid in cash. The calculator does this automatically.
How much is monthly MIP?
About 0.55% of the balance per year, split monthly — roughly $183/month on a $400,000 loan. Under 10% down, it lasts the life of the loan.
Is my loan within the FHA limit?
At or below your county's 2026 limit ($541,287 standard, $1,249,125 high-cost) it fits FHA; above it needs conventional or jumbo. The calculator flags it.
Provided by Save Financial, a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766) founded in 2009 and serving all 58 counties from offices in Newport Beach and Marina del Rey.