Calcolatore Prestito FHA — Formula

FHA Loan Overview

FHA loans are government-insured mortgages designed for borrowers with lower credit scores or smaller down payments.

FHA Mortgage Insurance

  • Upfront MIP (UFMIP): 1.75% of the base loan amount, typically financed into the loan
  • Annual MIP: 0.15% to 1.05% depending on loan term, LTV, and loan amount, paid monthly

    • Key FHA Features

  • Minimum 3.5% down payment (credit score 580+)
  • Minimum 10% down (credit score 500-579)
  • More lenient debt-to-income requirements
  • MIP required for the life of the loan if down payment is under 10%
  • MIP drops after 11 years if down payment is 10% or more

    • Esempio Risolto

    A $300,000 home with 3.5% down, 6.5% rate, 30-year term, 0.55% annual MIP.

    1. Down payment: $300,000 x 3.5% = $10,500
    2. Base loan: $300,000 - $10,500 = $289,500
    3. UFMIP: $289,500 x 1.75% = $5,066
    4. Total loan: $289,500 + $5,066 = $294,566
    5. Monthly P&I: $294,566 over 360 months at 6.5% = $1,862.25
    6. Monthly MIP: $289,500 x 0.55% / 12 = $132.69
    7. Total monthly: $1,862.25 + $132.69 = $1,994.94