FHA Loan Calculator

Estimate FHA payments, MIP, and Arizona county loan limits — results update as you adjust the inputs.

Understanding Our FHA Loan Calculator

Our comprehensive FHA Loan Calculator helps you estimate your monthly mortgage payments when using an FHA loan to purchase a home in Arizona. This powerful tool calculates your total payment including principal, interest, and the required mortgage insurance premium (MIP) that's unique to FHA loans.

By inputting basic information about your potential home purchase, you can quickly determine if an FHA loan fits your budget and financial goals. This calculator is especially valuable for first-time homebuyers who benefit from FHA's lower down payment requirements of just 3.5% of the purchase price.

Accurate Payment Breakdown
See exactly how your monthly payment is divided between principal, interest, and mortgage insurance premium (MIP)
Two Types of MIP Calculation
Includes both the upfront MIP (1.75% of loan amount) and annual MIP (typically 0.80-0.85% for 30-year loans) in your total cost assessment
Loan Limit Consideration
Automatically factors in FHA loan limits by county and property type, helping you understand if you'll need a larger down payment
Amortization Understanding
Shows how your payments gradually shift from mostly interest to mostly principal over the life of your loan
Down Payment Requirements
Calculates based on FHA's minimum 3.5% down payment requirement, with adjustments if loan limits are exceeded

Amortization Over Time

How your payment splits between principal and interest, and how your balance declines, across the full loan term.

1Property Details

Arizona County

Property Type

FHA Loan Limit for this county & property type: $557,750

2Loan Details

Home Price ($)

Down Payment ($)

Down Payment (%)

Interest Rate (%)

Loan Term

3Housing Costsfor a fuller payment estimate

Property Tax Rate (%)

Auto-estimated for this home price: 0.35% ($1,554/yr) — edit to override.

Annual Home Insurance ($)

Auto-estimated for this home price: $1,316/yr — edit to override.

Loan Analysis

Monthly Payment Breakdown

Principal & Interest$2,745

Monthly MIP$199

Property Taxes$130

Homeowners Insurance$110

Total Monthly Payment$3,183

Loan Summary

Base Loan Amount$434,250

Upfront MIP (1.75%)$7,599

Total Loan Amount$441,849

Annual MIP Rate0.55%

LTV Ratio96.50%

Payment Components

Your monthly payment consists of Principal, Interest, MIP, Property Tax, and Homeowners Insurance (month 1 of the schedule).

MIP & Loan-to-Value Milestone

Your LTV at closing means MIP is life-of-loan under FHA rules — but here's when amortization alone gets you to 80% LTV, the point you could refinance into a conventional loan and drop MIP entirely.

LTV at Closing

96.5%

over 90%

Refinance Opportunity

Month 131

80% LTV via amortization — refinance into a conventional loan to drop MIP

Total MIP Paid by Then

$24,113

before refinance-eligible

Payment Over Time (monthly amortization schedule)

Month	Principal	Interest	MIP	Balance
1	$393	$2,352	$199	$433,857
2	$395	$2,350	$199	$433,463
3	$397	$2,348	$199	$433,066
4	$399	$2,346	$198	$432,667
5	$401	$2,344	$198	$432,266
6	$403	$2,341	$198	$431,862
7	$406	$2,339	$198	$431,457
8	$408	$2,337	$198	$431,049
9	$410	$2,335	$198	$430,639
10	$412	$2,333	$197	$430,227
11	$414	$2,330	$197	$429,813
12	$417	$2,328	$197	$429,396
13	$419	$2,326	$197	$428,977
14	$421	$2,324	$197	$428,556
15	$423	$2,321	$196	$428,133
16	$426	$2,319	$196	$427,707
17	$428	$2,317	$196	$427,279
18	$430	$2,314	$196	$426,849
19	$433	$2,312	$196	$426,416
20	$435	$2,310	$195	$425,981
21	$437	$2,307	$195	$425,544
22	$440	$2,305	$195	$425,104
23	$442	$2,303	$195	$424,662
24	$445	$2,300	$195	$424,217
25	$447	$2,298	$194	$423,771
26	$449	$2,295	$194	$423,321
27	$452	$2,293	$194	$422,869
28	$454	$2,291	$194	$422,415
29	$457	$2,288	$194	$421,959
30	$459	$2,286	$193	$421,499
31	$462	$2,283	$193	$421,038
32	$464	$2,281	$193	$420,574
33	$467	$2,278	$193	$420,107
34	$469	$2,276	$193	$419,638
35	$472	$2,273	$192	$419,166
36	$474	$2,270	$192	$418,692
37	$477	$2,268	$192	$418,215
38	$479	$2,265	$192	$417,736
39	$482	$2,263	$191	$417,254
40	$485	$2,260	$191	$416,769
41	$487	$2,257	$191	$416,282
42	$490	$2,255	$191	$415,792
43	$493	$2,252	$191	$415,299
44	$495	$2,250	$190	$414,804
45	$498	$2,247	$190	$414,306
46	$501	$2,244	$190	$413,806
47	$503	$2,241	$190	$413,302
48	$506	$2,239	$189	$412,796
49	$509	$2,236	$189	$412,287
50	$512	$2,233	$189	$411,776
51	$514	$2,230	$189	$411,262
52	$517	$2,228	$188	$410,744
53	$520	$2,225	$188	$410,225
54	$523	$2,222	$188	$409,702
55	$526	$2,219	$188	$409,176
56	$528	$2,216	$188	$408,648
57	$531	$2,214	$187	$408,117
58	$534	$2,211	$187	$407,583
59	$537	$2,208	$187	$407,046
60	$540	$2,205	$187	$406,506
61	$543	$2,202	$186	$405,963
62	$546	$2,199	$186	$405,417
63	$549	$2,196	$186	$404,868
64	$552	$2,193	$186	$404,317
65	$555	$2,190	$185	$403,762
66	$558	$2,187	$185	$403,204
67	$561	$2,184	$185	$402,643
68	$564	$2,181	$185	$402,080
69	$567	$2,178	$184	$401,513
70	$570	$2,175	$184	$400,943
71	$573	$2,172	$184	$400,370
72	$576	$2,169	$184	$399,794
73	$579	$2,166	$183	$399,215
74	$582	$2,162	$183	$398,632
75	$585	$2,159	$183	$398,047
76	$589	$2,156	$182	$397,458
77	$592	$2,153	$182	$396,866
78	$595	$2,150	$182	$396,271
79	$598	$2,146	$182	$395,673
80	$602	$2,143	$181	$395,071
81	$605	$2,140	$181	$394,467
82	$608	$2,137	$181	$393,859
83	$611	$2,133	$181	$393,247
84	$615	$2,130	$180	$392,633
85	$618	$2,127	$180	$392,015
86	$621	$2,123	$180	$391,393
87	$625	$2,120	$179	$390,768
88	$628	$2,117	$179	$390,140
89	$631	$2,113	$179	$389,509
90	$635	$2,110	$179	$388,874
91	$638	$2,106	$178	$388,236
92	$642	$2,103	$178	$387,594
93	$645	$2,099	$178	$386,949
94	$649	$2,096	$177	$386,300
95	$652	$2,092	$177	$385,647
96	$656	$2,089	$177	$384,992
97	$659	$2,085	$176	$384,332
98	$663	$2,082	$176	$383,669
99	$667	$2,078	$176	$383,003
100	$670	$2,075	$176	$382,333
101	$674	$2,071	$175	$381,659
102	$677	$2,067	$175	$380,981
103	$681	$2,064	$175	$380,300
104	$685	$2,060	$174	$379,615
105	$689	$2,056	$174	$378,927
106	$692	$2,053	$174	$378,235
107	$696	$2,049	$173	$377,539
108	$700	$2,045	$173	$376,839
109	$704	$2,041	$173	$376,135
110	$707	$2,037	$172	$375,428
111	$711	$2,034	$172	$374,717
112	$715	$2,030	$172	$374,002
113	$719	$2,026	$171	$373,283
114	$723	$2,022	$171	$372,560
115	$727	$2,018	$171	$371,833
116	$731	$2,014	$170	$371,103
117	$735	$2,010	$170	$370,368
118	$739	$2,006	$170	$369,630
119	$743	$2,002	$169	$368,887
120	$747	$1,998	$169	$368,140
121	$751	$1,994	$169	$367,390
122	$755	$1,990	$168	$366,635
123	$759	$1,986	$168	$365,876
124	$763	$1,982	$168	$365,113
125	$767	$1,978	$167	$364,346
126	$771	$1,974	$167	$363,575
127	$775	$1,969	$167	$362,800
128	$780	$1,965	$166	$362,020
129	$784	$1,961	$166	$361,236
130	$788	$1,957	$166	$360,448
131	$792	$1,952	$165	$359,656
132	$797	$1,948	$165	$358,859
133	$801	$1,944	$164	$358,058
134	$805	$1,939	$164	$357,253
135	$810	$1,935	$164	$356,443
136	$814	$1,931	$163	$355,629
137	$818	$1,926	$163	$354,811
138	$823	$1,922	$163	$353,988
139	$827	$1,917	$162	$353,161
140	$832	$1,913	$162	$352,329
141	$836	$1,908	$161	$351,493
142	$841	$1,904	$161	$350,652
143	$845	$1,899	$161	$349,806
144	$850	$1,895	$160	$348,956
145	$855	$1,890	$160	$348,102
146	$859	$1,886	$160	$347,243
147	$864	$1,881	$159	$346,379
148	$869	$1,876	$159	$345,510
149	$873	$1,872	$158	$344,637
150	$878	$1,867	$158	$343,759
151	$883	$1,862	$158	$342,876
152	$888	$1,857	$157	$341,989
153	$892	$1,852	$157	$341,096
154	$897	$1,848	$156	$340,199
155	$902	$1,843	$156	$339,297
156	$907	$1,838	$156	$338,390
157	$912	$1,833	$155	$337,479
158	$917	$1,828	$155	$336,562
159	$922	$1,823	$154	$335,640
160	$927	$1,818	$154	$334,713
161	$932	$1,813	$153	$333,782
162	$937	$1,808	$153	$332,845
163	$942	$1,803	$153	$331,903
164	$947	$1,798	$152	$330,956
165	$952	$1,793	$152	$330,004
166	$957	$1,788	$151	$329,047
167	$962	$1,782	$151	$328,084
168	$968	$1,777	$150	$327,117
169	$973	$1,772	$150	$326,144
170	$978	$1,767	$149	$325,166
171	$983	$1,761	$149	$324,182
172	$989	$1,756	$149	$323,193
173	$994	$1,751	$148	$322,199
174	$1,000	$1,745	$148	$321,200
175	$1,005	$1,740	$147	$320,195
176	$1,010	$1,734	$147	$319,185
177	$1,016	$1,729	$146	$318,169
178	$1,021	$1,723	$146	$317,147
179	$1,027	$1,718	$145	$316,121
180	$1,032	$1,712	$145	$315,088
181	$1,038	$1,707	$144	$314,050
182	$1,044	$1,701	$144	$313,006
183	$1,049	$1,695	$143	$311,957
184	$1,055	$1,690	$143	$310,902
185	$1,061	$1,684	$142	$309,841
186	$1,066	$1,678	$142	$308,775
187	$1,072	$1,673	$142	$307,703
188	$1,078	$1,667	$141	$306,625
189	$1,084	$1,661	$141	$305,541
190	$1,090	$1,655	$140	$304,451
191	$1,096	$1,649	$140	$303,355
192	$1,102	$1,643	$139	$302,254
193	$1,108	$1,637	$139	$301,146
194	$1,114	$1,631	$138	$300,033
195	$1,120	$1,625	$138	$298,913
196	$1,126	$1,619	$137	$297,788
197	$1,132	$1,613	$136	$296,656
198	$1,138	$1,607	$136	$295,518
199	$1,144	$1,601	$135	$294,374
200	$1,150	$1,595	$135	$293,224
201	$1,156	$1,588	$134	$292,067
202	$1,163	$1,582	$134	$290,904
203	$1,169	$1,576	$133	$289,735
204	$1,175	$1,569	$133	$288,560
205	$1,182	$1,563	$132	$287,378
206	$1,188	$1,557	$132	$286,190
207	$1,195	$1,550	$131	$284,996
208	$1,201	$1,544	$131	$283,795
209	$1,208	$1,537	$130	$282,587
210	$1,214	$1,531	$130	$281,373
211	$1,221	$1,524	$129	$280,152
212	$1,227	$1,517	$128	$278,925
213	$1,234	$1,511	$128	$277,691
214	$1,241	$1,504	$127	$276,451
215	$1,247	$1,497	$127	$275,203
216	$1,254	$1,491	$126	$273,949
217	$1,261	$1,484	$126	$272,688
218	$1,268	$1,477	$125	$271,421
219	$1,275	$1,470	$124	$270,146
220	$1,281	$1,463	$124	$268,865
221	$1,288	$1,456	$123	$267,576
222	$1,295	$1,449	$123	$266,281
223	$1,302	$1,442	$122	$264,978
224	$1,309	$1,435	$121	$263,669
225	$1,317	$1,428	$121	$262,352
226	$1,324	$1,421	$120	$261,029
227	$1,331	$1,414	$120	$259,698
228	$1,338	$1,407	$119	$258,360
229	$1,345	$1,399	$118	$257,015
230	$1,353	$1,392	$118	$255,662
231	$1,360	$1,385	$117	$254,302
232	$1,367	$1,377	$117	$252,935
233	$1,375	$1,370	$116	$251,560
234	$1,382	$1,363	$115	$250,178
235	$1,390	$1,355	$115	$248,788
236	$1,397	$1,348	$114	$247,391
237	$1,405	$1,340	$113	$245,986
238	$1,412	$1,332	$113	$244,574
239	$1,420	$1,325	$112	$243,154
240	$1,428	$1,317	$111	$241,726
241	$1,435	$1,309	$111	$240,291
242	$1,443	$1,302	$110	$238,848
243	$1,451	$1,294	$109	$237,397
244	$1,459	$1,286	$109	$235,938
245	$1,467	$1,278	$108	$234,471
246	$1,475	$1,270	$107	$232,997
247	$1,483	$1,262	$107	$231,514
248	$1,491	$1,254	$106	$230,023
249	$1,499	$1,246	$105	$228,524
250	$1,507	$1,238	$105	$227,017
251	$1,515	$1,230	$104	$225,502
252	$1,523	$1,221	$103	$223,979
253	$1,532	$1,213	$103	$222,448
254	$1,540	$1,205	$102	$220,908
255	$1,548	$1,197	$101	$219,360
256	$1,557	$1,188	$101	$217,803
257	$1,565	$1,180	$100	$216,238
258	$1,573	$1,171	$99	$214,665
259	$1,582	$1,163	$98	$213,083
260	$1,591	$1,154	$98	$211,492
261	$1,599	$1,146	$97	$209,893
262	$1,608	$1,137	$96	$208,285
263	$1,617	$1,128	$95	$206,668
264	$1,625	$1,119	$95	$205,043
265	$1,634	$1,111	$94	$203,409
266	$1,643	$1,102	$93	$201,766
267	$1,652	$1,093	$92	$200,114
268	$1,661	$1,084	$92	$198,453
269	$1,670	$1,075	$91	$196,784
270	$1,679	$1,066	$90	$195,105
271	$1,688	$1,057	$89	$193,417
272	$1,697	$1,048	$89	$191,720
273	$1,706	$1,038	$88	$190,014
274	$1,716	$1,029	$87	$188,298
275	$1,725	$1,020	$86	$186,573
276	$1,734	$1,011	$86	$184,839
277	$1,744	$1,001	$85	$183,095
278	$1,753	$992	$84	$181,342
279	$1,762	$982	$83	$179,580
280	$1,772	$973	$82	$177,808
281	$1,782	$963	$81	$176,026
282	$1,791	$953	$81	$174,235
283	$1,801	$944	$80	$172,434
284	$1,811	$934	$79	$170,623
285	$1,821	$924	$78	$168,803
286	$1,830	$914	$77	$166,972
287	$1,840	$904	$77	$165,132
288	$1,850	$894	$76	$163,282
289	$1,860	$884	$75	$161,421
290	$1,870	$874	$74	$159,551
291	$1,881	$864	$73	$157,671
292	$1,891	$854	$72	$155,780
293	$1,901	$844	$71	$153,879
294	$1,911	$834	$71	$151,968
295	$1,922	$823	$70	$150,046
296	$1,932	$813	$69	$148,114
297	$1,942	$802	$68	$146,172
298	$1,953	$792	$67	$144,219
299	$1,964	$781	$66	$142,255
300	$1,974	$771	$65	$140,281
301	$1,985	$760	$64	$138,296
302	$1,996	$749	$63	$136,300
303	$2,006	$738	$62	$134,294
304	$2,017	$727	$62	$132,276
305	$2,028	$716	$61	$130,248
306	$2,039	$706	$60	$128,209
307	$2,050	$694	$59	$126,159
308	$2,061	$683	$58	$124,097
309	$2,073	$672	$57	$122,025
310	$2,084	$661	$56	$119,941
311	$2,095	$650	$55	$117,846
312	$2,106	$638	$54	$115,739
313	$2,118	$627	$53	$113,622
314	$2,129	$615	$52	$111,492
315	$2,141	$604	$51	$109,351
316	$2,152	$592	$50	$107,199
317	$2,164	$581	$49	$105,035
318	$2,176	$569	$48	$102,859
319	$2,188	$557	$47	$100,672
320	$2,199	$545	$46	$98,472
321	$2,211	$533	$45	$96,261
322	$2,223	$521	$44	$94,037
323	$2,235	$509	$43	$91,802
324	$2,247	$497	$42	$89,554
325	$2,260	$485	$41	$87,295
326	$2,272	$473	$40	$85,023
327	$2,284	$461	$39	$82,739
328	$2,297	$448	$38	$80,442
329	$2,309	$436	$37	$78,133
330	$2,322	$423	$36	$75,812
331	$2,334	$411	$35	$73,477
332	$2,347	$398	$34	$71,131
333	$2,359	$385	$33	$68,771
334	$2,372	$373	$32	$66,399
335	$2,385	$360	$30	$64,014
336	$2,398	$347	$29	$61,616
337	$2,411	$334	$28	$59,205
338	$2,424	$321	$27	$56,781
339	$2,437	$308	$26	$54,344
340	$2,450	$294	$25	$51,893
341	$2,464	$281	$24	$49,430
342	$2,477	$268	$23	$46,953
343	$2,490	$254	$22	$44,462
344	$2,504	$241	$20	$41,958
345	$2,517	$227	$19	$39,441
346	$2,531	$214	$18	$36,910
347	$2,545	$200	$17	$34,365
348	$2,559	$186	$16	$31,806
349	$2,572	$172	$15	$29,234
350	$2,586	$158	$13	$26,647
351	$2,600	$144	$12	$24,047
352	$2,615	$130	$11	$21,432
353	$2,629	$116	$10	$18,804
354	$2,643	$102	$9	$16,161
355	$2,657	$88	$7	$13,504
356	$2,672	$73	$6	$10,832
357	$2,686	$59	$5	$8,146
358	$2,701	$44	$4	$5,445
359	$2,715	$29	$2	$2,730
360	$2,730	$15	$1	$0

This FHA loan calculator provides estimates only. Property taxes and homeowners insurance are auto-estimated based on typical rates for your home price and can be overridden; actual amounts vary by location and provider. HOA fees and closing costs are not included. Results may vary based on your specific financial situation and current FHA guidelines. For a complete assessment of your mortgage costs and eligibility, please consult with one of our mortgage professionals. Rates and terms are subject to change without notice.

Recommendations & Key Insights

FHA Cost Analysis

Your base loan amount is $434,250 at 96.5% LTV, with a $7,599 upfront MIP financed into the loan for a total loan amount of $441,849.
Your estimated total monthly payment is $3,183 — $2,745 in principal and interest, $199 in monthly MIP (0.55% annual rate), $130 in property taxes, and $110 in homeowners insurance.

MIP Considerations

Because your LTV at closing is 96.5% (over 90%), monthly MIP applies for the life of the loan under current FHA rules. But amortization alone brings you to 80% LTV by month 131 (no home value appreciation assumed) — at that point you could refinance into a conventional loan and drop MIP entirely. You'd have paid roughly $24,113 in MIP by then.
The 1.75% upfront MIP is financed into the loan balance in this estimate; some borrowers choose to pay it in cash at closing instead, which would lower the total loan amount.

Next Steps

Based on your scenario, here's what we'd suggest next:

Get a verified FHA pre-approval to confirm your exact loan limit, MIP rate, and qualifying ratios.
Ask a loan officer whether a conventional loan might cost less over time once PMI cancellation is factored in, especially if your LTV is above 90%.
Contact a Mortgage Brothers loan officer to review your options and confirm current FHA guidelines.

Get Expert Help with Your FHA Loan Application

Not sure if an FHA loan is right for you? Our mortgage professionals can help you navigate FHA loan requirements, explain MIP costs, and find the best rates for your Arizona home purchase. We specialize in helping first-time homebuyers qualify with just 3.5% down payment.

Contact Our FHA Loan Specialists Today

Essential Mortgage Tools for Arizona Homebuyers

Our FHA Loan Calculator is just one of several specialized tools we've developed to help you make informed decisions about your home financing options. These calculators provide accurate estimates tailored to different loan types and financial situations, allowing you to compare options and find the perfect mortgage solution for your needs.

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