FHA MIP calculator
FHA loans charge mortgage insurance two ways — a 1.75% upfront premium and a monthly premium that depends on your down payment, loan size, and term. See both numbers for your scenario, using the official 2026 HUD table.
Upfront MIP (1.75%)
$6,755
usually financed into the loan
Annual MIP rate
0.55%
of the base loan, per year
Monthly MIP
$176.92
added to your payment
How long you pay it
Life of loan
LTV 96.5% — refinance to remove it
2026 HUD premium table: 1.75% upfront; annual MIP 0.15%–0.75% by term, loan size (threshold $726,200), and LTV. Put less than 10% down and MIP lasts the life of the loan — many borrowers later refinance to conventional once they reach 20% equity. Estimates only — your lender quotes the exact figure.
FHA mortgage insurance FAQ
How much is FHA mortgage insurance in 2026?
Two parts: a one-time upfront premium of 1.75% of the loan (usually financed), and an annual premium of 0.15%–0.75% of the loan paid monthly. Most 30-year FHA borrowers with the minimum 3.5% down pay 0.55% per year.
When does FHA MIP go away?
If you put at least 10% down, monthly MIP ends after 11 years. With less than 10% down it lasts the life of the loan — the standard exit is refinancing into a conventional loan once you have about 20% equity.
Is FHA mortgage insurance the same as PMI?
No. PMI is private insurance on conventional loans and cancels automatically at 78% LTV. FHA MIP is government insurance with its own premium table and removal rules — and it includes an upfront premium PMI doesn't have.
Can the upfront MIP be refunded?
Partially — if you refinance into another FHA loan within three years, you get a prorated credit of the original upfront premium toward the new one.
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