The FHA MIP and Upfront Fee Calculator helps you understand the two types of mortgage insurance required for most FHA loans. It calculates the one-time Upfront Mortgage Insurance Premium (UFMIP) that's financed into your loan and the annual MIP that is paid in monthly installments. This tool provides a clear picture of your total loan amount and accurate monthly mortgage payment, beyond just principal and interest.

FHA MIP Calculator & Rules: What You Pay in 2026

FHA loans offer a path to homeownership with a low down payment. But they come with mortgage insurance premiums (MIP). Here's exactly what you need to know.

FHA Mortgage Insurance: Two Required Costs

Every FHA loan requires two insurance charges:

Upfront Mortgage Insurance Premium (UFMIP): A one-time fee of 1.75% of your loan amount. You pay it at closing or roll it into your loan balance.

Annual Mortgage Insurance Premium (MIP): A recurring monthly charge on your mortgage statement. The rate ranges from 0.15% to 0.75% per year, depending on your down payment and loan term.

These premiums protect the lender if you default—and that protection is what allows lenders to offer FHA loans to borrowers with lower credit scores and smaller down payments.

How to Calculate Your MIP Costs

UFMIP Formula: Loan Amount × 0.0175 = Your Upfront MIP

Monthly MIP Formula: (Loan Amount × Annual MIP Rate) ÷ 12 = Your Monthly Payment

The annual MIP rate depends on three factors:

• Your loan amount (baseline: $726,200)
• Your down payment percentage
• Your loan term (15 years or less vs. longer than 15 years)

Use the official 2026 FHA charts below to find your rate.

FHA Monthly MIP Chart – Annual Rates for Loans Longer Than 15 Years (2026)

Loan Amount	Down Payment	Annual MIP Rate	Length of Payments
$726,200 or less	10% or more	0.50%	11 years
$726,200 or less	5% – 10%	0.50%	Entire loan
$726,200 or less	Less than 5%	0.55%	Entire loan
$726,200 or more	10% or more	0.70%	11 years
$726,200 or more	5% – 10%	0.70%	Entire loan
$726,200 or more	Less than 5%	0.75%	Entire loan

FHA Annual MIP Chart – Loans for 15 Years or Less (2026)

Loan Amount	Down Payment	Annual MIP Rate	Length of Payments
$726,200 or less	10% or more	0.15%	11 years
$726,200 or less	Less than 10%	0.40%	Entire loan
$726,200 or more	22% or more	0.15%	11 years
$726,200 or more	10% – 22%	0.40%	11 years
$726,200 or more	Less than 10%	0.65%	Entire loan

Real Examples: What You'll Actually Pay

Scenario 1: $350,000 loan, 5% down, 30-year term

• Down payment: $17,500
• Loan amount: $332,500
• UFMIP: $332,500 × 0.0175 = $5,819 (can be financed)
• Annual MIP rate: 0.50% (loan under $726,200, down payment 5–10%)
• Monthly MIP: ($332,500 × 0.0050) ÷ 12 = $138.54

Scenario 2: $500,000 loan, 3.5% down, 30-year term

• Down payment: $17,500
• Loan amount: $482,500
• UFMIP: $482,500 × 0.0175 = $8,444 (can be financed)
• Annual MIP rate: 0.55% (loan under $726,200, down payment less than 5%)
• Monthly MIP: ($482,500 × 0.0055) ÷ 12 = $221.48

Key FHA MIP Rules for 2026

UFMIP is always 1.75% — your credit score doesn't affect it.

Annual MIP depends on: loan amount, down payment percentage, and loan term.

Down payment under 10%: MIP continues for the life of your loan.

Down payment 10% or more: MIP automatically cancels after 11 years.

High-balance loans (over $726,200): Rates run 0.20% higher across the board.

You can't skip MIP unless you refinance into a conventional loan once you have 20% equity.

When Does MIP End?

The answer depends on your down payment:

• 10% or more down: MIP drops off after 11 years of on-time payments.
• Less than 10% down: MIP stays for the entire loan term (usually 30 years).

The only way to escape MIP before these timelines is to refinance into a conventional mortgage once your equity reaches 20%.

Frequently Asked Questions

How do I use a monthly MIP calculator? Enter your loan amount, down payment percentage, and loan term. The calculator finds your annual MIP rate from the charts above and divides by 12 for your monthly charge. Add your UFMIP (loan amount × 1.75%) for the total cost.

Can I remove FHA MIP early? Only in specific cases. If you put down 10% or more, MIP ends after 11 years. With less than 10% down, it lasts the full term. Your only early exit is to refinance into a conventional loan once you reach 20% equity.

What's the difference between UFMIP and annual MIP? UFMIP is a one-time fee of 1.75% at closing. Annual MIP is an ongoing monthly cost (0.15% to 0.75% per year). Together, they make up your total FHA insurance expense.

Do the rules change for jumbo FHA loans (over $726,200)? No, the same rules apply. You'll just pay higher rates. For loans over $726,200 with less than 5% down on a 30-year term, your annual MIP is 0.75% instead of 0.55%.

Are 15-year and 30-year FHA loans taxed differently for MIP? No tax difference, but the insurance rates are much lower for shorter terms. A 15-year loan with 10% down costs only 0.15% annual MIP, while a 30-year loan with the same down payment costs 0.50%. This makes shorter-term FHA loans cheaper to insure overall.

Bottom Line

FHA MIP is the price you pay for an affordable loan with a low down payment. Understanding the two-part structure (upfront + monthly) and when MIP ends helps you plan your true homeownership costs. Always confirm exact numbers with your lender—they may round slightly—but these 2026 charts are your official baseline.