Calculate your monthly payment for an FHA-insured home loan in California with 3.5% down payment. Accurately calculates upfront mortgage insurance (UFMIP), monthly MIP, and validates against 2026 HUD county caps.
Monthly Cost Breakdown
Upfront FHA Insurance (UFMIP)
• Down Payment < 10%: Under HUD guidelines, FHA monthly mortgage insurance premium (MIP) remains in effect for the entire life of the loan.
• Down Payment ≥ 10%: Monthly MIP automatically terminates after 11 years.
• Refinancing to Remove MIP: Once your California property has accumulated 20% equity through appreciation or principal paydown, you can refinance into a conventional loan with zero monthly mortgage insurance.
Essential information regarding minimum credit, down payment, and FHA loan limits in California.
The official HUD minimum credit score for 3.5% down payment financing is 580. Borrowers with credit scores between 500 and 579 can qualify with a 10% down payment.
LoanPlace originators work with borrowers across California to evaluate credit profiles and optimize approval scores.