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Upfront Mortgage Insurance Premium — 1.75% of your base loan added at closing. Almost every FHA borrower finances it into the loan instead of paying cash.
Enter your numbers. We’ll show your full FHA payment with the 1.75% UFMIP, annual MIP, Florida taxes, and insurance — the way an FHA underwriter actually calculates it. Then talk to a Florida FHA specialist.
An FHA payment isn’t just principal and interest. UFMIP, annual MIP, and the Florida loan limit each shape what you actually pay — and what you can borrow.
Upfront Mortgage Insurance Premium — 1.75% of your base loan added at closing. Almost every FHA borrower finances it into the loan instead of paying cash.
Annual Mortgage Insurance Premium — paid monthly. Typically 0.55% for 30-year FHA loans with under 10% down. Stays for the life of the loan at high LTV.
$541,287 for a single-family home in most of Florida for 2026. Monroe County goes up to $990,150. Loans above the limit aren’t FHA-eligible.
The calculator does the FHA-specific math automatically — you just supply the inputs.
Use the listing price or your offer. Stay under your county’s FHA loan limit for full eligibility.
3.5% is the minimum for 580+ scores. 10% is required for scores 500–579.
30-year terms have the lowest monthly payment but a higher annual MIP rate.
Default 1% tax rate and $3,600 insurance are typical for Florida. Adjust for your county.
Florida has 67 counties and the FHA assigns different loan limits to each based on local home values.
Most of Florida uses the standard limit of $541,287 for a single-family home. Monroe County (Key West) goes up to $990,150. The difference is 83%.
Generic calculators ignore county-level caps and quote you a payment for a home you can’t actually finance with FHA. We won’t.
Combined with Florida’s high homeowners insurance premiums — two to four times the national average — the FHA math here is different from anywhere else. Run your numbers, then call us.
The range across Florida counties for single-family FHA loans. Most counties: $541,287. Monroe County: $990,150. Two-, three-, and four-unit properties have higher limits.
UFMIP · Annual MIP by LTV · Florida tax rates · Real insurance · HOA · 15- vs 30-year MIP differences
FHA wins on credit flexibility. Conventional wins once you have 5%+ down and 680+ credit. Here’s the side-by-side.
| Loan Type | Min Credit | Min Down | Mortgage Insurance | Best For |
|---|---|---|---|---|
| FHA | 580 (500 w/ 10% down) | 3.5% | UFMIP 1.75% + Annual MIP 0.55% | Lower credit, first-time buyers |
| Conventional | 620 | 3% | PMI drops at 78% LTV | 680+ credit, 5%+ down |
| VA | 580–620 | 0% | None — funding fee instead | Active-duty military & veterans |
| USDA | 640 | 0% | Guarantee fee + annual fee | Eligible rural Florida areas |
| Jumbo | 680–720 | 10–20% | Sometimes required | Loans above FHA/conforming caps |
| FHA + DPA | 640 | 0% out-of-pocket | Same FHA MIP rules | Florida buyers needing closing-cost help |
Not sure which program fits your numbers? We’ll compare side-by-side based on your credit, down payment, and target home.
Which Loan Is Right For Me?Honest answers about how FHA pricing actually works — and how to keep your payment as low as possible.
Alex Doce will walk through your FHA scenario and tell you exactly what you qualify for. No credit pull until you say so.
Talk to a Florida FHA SpecialistA 10-minute call gives you a real FHA rate quote and a 24-hour pre-approval letter. No obligation. No credit pull until you say so.