Corona de Tucson FHA Mortgage Calculator

An FHA buyer in Corona de Tucson, AZ borrowing $427,087 (with 3.5% down on a median $442,577 home) pays an upfront mortgage insurance premium (MIP) of $7,474 — equal to 1.75% of the base loan amount. This upfront MIP is typically financed into the loan balance rather than paid at closing, increasing the total loan amount to approximately $434,561.

For a typical FHA loan in Corona de Tucson, AZ with a base loan amount of $427,087, the annual MIP rate is 0.55% — adding approximately $196/month to the required payment. This monthly MIP is separate from principal, interest, property taxes, and homeowners insurance.

Unlike conventional PMI — which automatically cancels at 80% LTV under the Homeowners Protection Act — FHA annual MIP on loans with less than 10% down does not fall off. For FHA buyers in Corona de Tucson, AZ putting 3.5% down, this means ongoing monthly MIP payments of approximately $196/month for the life of the loan. To eliminate MIP, borrowers must refinance into a conventional loan once they reach 20% equity, or put 10%+ down at origination (MIP then cancels after 11 years).

The 2025 FHA loan limit for Corona de Tucson, AZ is $541,287 for a 1-unit property. A typical buyer purchasing the median-priced home here (approximately $442,577) with 3.5% down would have a base loan amount of approximately $427,087, which falls within the local FHA limit — making FHA financing an accessible option for eligible buyers.

Beyond principal and interest, FHA buyers in Corona de Tucson, AZ with a median $442,577 home can expect approximately $2,912/yr in property taxes, $886/yr for homeowners insurance, $2,018/yr in energy utilities, and $196/mo in FHA mortgage insurance (MIP). Together, these non-P&I costs add approximately $681/month to the required payment in Corona de Tucson, AZ.