Where do these numbers come from?
- Instant answersResults update as you type.
- Private by designRuns in your browser. Nothing is sent.
- Share, print or citeCopy a link with your numbers.
Terms over 15 years
| Base loan amount | LTV | Annual MIP | Duration |
|---|---|---|---|
| Up to $726,200 | ≤ 90% | 0.50% | 11 years |
| Up to $726,200 | 90.01% – 95% | 0.50% | Life of loan |
| Up to $726,200 | > 95% | 0.55% | Life of loan |
| Over $726,200 | ≤ 90% | 0.70% | 11 years |
| Over $726,200 | 90.01% – 95% | 0.70% | Life of loan |
| Over $726,200 | > 95% | 0.75% | Life of loan |
Terms of 15 years or less
| Base loan amount | LTV | Annual MIP | Duration |
|---|---|---|---|
| Up to $726,200 | ≤ 90% | 0.15% | 11 years |
| Up to $726,200 | > 90% | 0.40% | Life of loan |
| Over $726,200 | ≤ 78% | 0.15% | 11 years |
| Over $726,200 | 78.01% – 90% | 0.40% | 11 years |
| Over $726,200 | > 90% | 0.65% | Life of loan |
Monthly MIP examples (30-year, 3.5% down)
| Base loan | Loan with 1.75% UFMIP | Monthly MIP at 0.55% |
|---|---|---|
| $150,000 | $152,625 | $70 |
| $200,000 | $203,500 | $93 |
| $250,000 | $254,375 | $117 |
| $300,000 | $305,250 | $140 |
| $400,000 | $407,000 | $187 |
| $500,000 | $508,750 | $233 |
Upfront MIP is 1.75% of the base loan for most forward mortgages. Monthly MIP is the annual rate × the average balance for the year ÷ 12; the first-year figure is shown. The $726,200 dividing line is the base-loan breakpoint set in HUD's MIP schedule, not the FHA loan limit for your county.
Sources and assumptions
- HUD Mortgagee Letter 2023-05 (annual MIP rates; 1.75% upfront MIP)
Related
Frequently asked questions
What is the FHA MIP rate in 2026?
For 30-year loans with a base amount up to $726,200: 0.55% a year with less than 5% down, 0.50% with 5% or more. Upfront MIP is 1.75%.
Does FHA MIP ever go away?
With more than 10% down it ends after 11 years; otherwise it stays for the life of the loan.