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FHA Mortgage Insurance AUTO-CALCULATED
Current FHA MIP (HUD ML 2023-05): Upfront MIP is always 1.75% of the base loan.
Annual MIP is auto-selected by LTV & term — typically 0.55% (>30yr, LTV >95%), 0.50% (>30yr, LTV ≤95%), or 0.40%–0.65% for 15yr loans.
MIP applies for the life of the loan when down payment is <10%.
VA Funding Fee AUTO-CALCULATED
VA Funding Fee Rates:
First-Time Use / No Down Payment: 2.15% |
Subsequent Use / No Down Payment: 3.3% |
Down Payment 5%–9.99%: 1.5% |
Down Payment ≥10%: 1.25% |
IRRRL Refinance: 0.5% (flat).
Fee auto-adjusts based on down payment % and loan purpose above. No monthly MI required on VA loans.
Payment Breakdown
Principal & Interest$0.00
Taxes$0.00
Insurance$0.00
HOA$0.00
Mortgage Insurance (MI)$0.00
Total Monthly Payment$0.00
Total Interest Paid$0.00
Amortization Schedule
| Month | Payment | Principal | Interest | Remaining Balance |
|---|
Payment Scenario Comparison
Each scenario calculates independently. Taxes, Insurance, and HOA are shared from the main calculator above.
Include in PDF
Applies to Comparison PDF
Loan Summary
Borrower Name
Est. Closing Date
Purchase Price / Value
Loan Amount
Down Payment
Interest Rate
Loan Program
Amortization Term
Est. Monthly Payment (PITI)
A. Origination Charges
Origination Fee / Points (%)
Origination Fee Amount
Discount Points (%)
Discount Points Amount
Admin Fee
Processing Fee
Underwriting Fee
Section A Total$0.00
B. Services You Cannot Shop For
Appraisal Fee
Credit Validation Bundle
Credit Report Fee
Flood Certification
Tax Service Fee
Section B Total$0.00
C. Services You Can Shop For
Title – Lender's Title Insurance
Title – Owner's Title Insurance
Settlement / Escrow Fee
HOA Transfer / Certification Fee
Section C Total$0.00
D. Total Loan Costs (A + B + C)$0.00
E. Taxes & Government Fees
Recording Fees
Transfer Tax
Section E Total$0.00
F. Prepaids
Homeowner's Insurance Premium
mo ×
=
Prepaid Interest
days ×
=
Section F Total$0.00
G. Initial Escrow / Impound Account
Property Tax Impound
mo ×
=
Homeowner's Insurance Impound
mo ×
=
MI / MIP Impound
mo ×
=
Section G Total$0.00
H. Other
Section H Total$0.00
I. Total Other Costs (E + F + G + H)$0.00
Estimated Cash to Close
Down Payment
Total Loan Costs (D)
Total Other Costs (I)
Total Closing Costs (D + I)
Lender Credits
Seller Concessions / Credits
Estimated Cash to Close
$0.00
Estimated APR
—
APR is estimated based on financed fees included in the cost of credit per Reg Z methodology. For illustration only — not an official APR disclosure.
* This is an estimate only. Actual costs may vary. Not an official Loan Estimate.