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A true FHA payment with the current 1.75% UFMIP, tiered annual MIP by LTV/term, correct MIP duration rules, escrow, and a side-by-side comparison to a conventional loan.
Refreshed daily from Freddie Mac PMMS (weekly survey) · data as of October 15, 2026
Updated monthly from Bank of England (IADB) · latest data September 30, 2026
Updated monthly from ECB Data Portal · latest data August 2026
Updated monthly from Reserve Bank of Australia (F5/F1.1) · latest data September 30, 2026
Reference figure (hand-reviewed June 2026) — not auto-fetched
Rates shown are national averages for reference only. Actual rates vary by lender, credit score, and LTV. US 30/15-yr figures come from the Freddie Mac PMMS public dataset. UK (Bank of England), Euro area (ECB) and Australia (RBA) figures come from official statistics that publish monthly, so they lag by several weeks; each card shows its own latest period. If a source can't be reached, the card keeps the last figures it fetched successfully. Canada is a reference figure only. Countries without one credible national benchmark (e.g. India, where lender rates span roughly 7%–12%+) are intentionally not shown.
UFMIP: 1.75% × base loan, financed into the loan.
Annual MIP: a percentage of the financed loan, split into 12 monthly payments. Rate depends on term and LTV.
MIP duration: if LTV > 90% at closing, MIP is charged for the full term. If LTV ≤ 90%, MIP drops off after 132 monthly payments (11 years).
Comparison: we amortize a conventional loan at your Conv rate, apply 0.55% PMI until scheduled LTV hits 78%, and add lifetime interest + PMI to compare against FHA's interest + total MIP.
If your LTV at closing is above 90% (down payment less than 10%), FHA charges annual MIP for the full loan term. Put 10%+ down and MIP drops off after 11 years.
1.75% of the base loan amount, paid upfront. Almost everyone rolls it into the loan — that's why the calculator uses base loan + UFMIP as your financed amount.
For 30-yr loans: 0.55% if LTV > 90%, 0.50% if LTV ≤ 90%. For 15-yr loans: 0.40% if LTV > 90%, 0.15% if LTV ≤ 90%. Rates set by HUD, updated periodically.
Yes. Once you have 20% equity via appreciation or paydown, you can refinance into a conventional loan and eliminate MIP. The calculator's refinance page models the break-even.
$498,257 floor in low-cost areas, $1,149,825 ceiling in high-cost areas. Above the ceiling you need a conventional/jumbo loan.
The comparison table above runs the exact math on your inputs. Generally FHA wins at lower credit scores (better rates); conventional wins at 700+ FICO because PMI drops off.
Results are estimates for educational purposes only and are not financial advice. Verify with a qualified professional before making decisions.
Last updated October 2026