Estimate the monthly payment on a California FHA-backed mortgage including mortgage insurance.
FHA loans let California buyers finance with as little as 3.5% down; the trade-off is an upfront MIP (1.75% financed into the loan) plus an annual mortgage-insurance premium (approximated here at 0.55%).
Payment
M = P × r(1+r)^n / ((1+r)^n − 1)
Estimate only — confirm rates and terms with your lender.
Yes — MIP is mandatory on FHA loans and typically stays for the life of the loan depending on the down payment.
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.