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FHA LOAN EXAMPLE

FHA loan payment example

$3,341/month is the estimated payment on a $400,000 home with a 3.5% down payment ($14,000), using a 7.28% conventional 30-year rate (Freddie Mac PMMS, as of 10/1/2026) as a labeled fallback. This is not a FHA rate; the live OBMMI FHA rate replaces it when it loads.

FHA loans allow a minimum 3.5% down payment with a credit score of 580 or higher, and require both an upfront and an annual mortgage insurance premium (MIP) paid to HUD regardless of loan-to-value.

Fallback rate used above (conventional, not a FHA rate): 6.87% (source: FRED (Federal Reserve Economic Data), as of 2026-11-09). This updates automatically to the live Optimal Blue OBMMI FHA rate wherever the edge or browser fetch succeeds; otherwise the conventional fallback above stays in place and is labeled as such, so do not read it as a quoted FHA rate.

Principal & interest
$2,641
Property taxes
$300
Homeowners insurance
$239
PMI
$161
Total monthly payment
$3,341

This model does not implement FHA-specific fees (FHA mortgage insurance premiums, the VA funding fee, or jumbo-specific reserve requirements), so treat the total above as a principal, interest, tax and insurance estimate rather than a complete FHA payment. Open the calculator to see the live program rate and adjust every assumption.

Open this FHA example in the calculator

Source references:
Rate reference as of 10/1/2026. Educational software; no professional review claimed.

GOOD QUESTIONS

A few things you
might be wondering.

How much down payment does FHA require?

This example uses a 3.5% minimum down payment, the typical minimum for FHA loans. FHA loans allow a minimum 3.5% down payment with a credit score of 580 or higher, and require both an upfront and an annual mortgage insurance premium (MIP) paid to HUD regardless of loan-to-value.

Is the rate shown here live?

The rate above is the Freddie Mac PMMS 30-year conventional average, a fallback that is not a FHA rate, shown before your browser or the server's edge fetch loads the live Optimal Blue OBMMI FHA rate for this program specifically. Look for the "Live" freshness badge on the calculator for the current program rate.

Does this include mortgage insurance?

No. FHA upfront and annual mortgage insurance premiums are not modeled by this calculator, which covers conventional PMI only; the payment above will understate an actual FHA payment.