FHA Standard Purchase Insurance Estimate Calculator
Estimate standard forward-purchase insurance costs with explicit term and LTV tiers.
Your result
FINANCIALEnter your values and select calculate.
On this page How it works & practical examples
How to use the FHA Standard Purchase Insurance Estimate Calculator
Model standard FHA forward purchases using the published post-March-20-2023 insurance table. Base loan excludes the financed upfront premium; the insurance duration depends on original LTV and term.
The calculation
Worked example
$300,000 price and 3.5% down give a $289,500 base loan and a $5,066.25 upfront premium. At a 30-year term the annual MIP rate is 0.55%.
Assumptions and limits
Initial monthly insurance estimate uses base loan×annual rate/12, not the lender’s annual average-balance premium computation. Excludes special programs, refinance, eligibility, credit-based down requirements, county limits, taxes and other charges; no approval is inferred.
Common questions
Which inputs should I use?
Model standard FHA forward purchases using the published post-March-20-2023 insurance table. Base loan excludes the financed upfront premium; the insurance duration depends on original LTV and term.
What does the result exclude?
Initial monthly insurance estimate uses base loan×annual rate/12, not the lender’s annual average-balance premium computation. Excludes special programs, refinance, eligibility, credit-based down requirements, county limits, taxes and other charges; no approval is inferred.