diff --git a/src/rpc/client.cpp b/src/rpc/client.cpp
index 5825efdf82ea1c..688f58377e69a7 100644
--- a/src/rpc/client.cpp
+++ b/src/rpc/client.cpp
@@ -250,6 +250,8 @@ static const CRPCConvertParam vRPCConvertParams[] =
     { "estimatesmartfee", 0, "conf_target" },
     { "estimaterawfee", 0, "conf_target" },
     { "estimaterawfee", 1, "threshold" },
+    { "estimatefeewithmempool", 0, "conf_target" },
+    { "estimatefeewithmempool", 1, "force" },
     { "prioritisetransaction", 1, "dummy" },
     { "prioritisetransaction", 2, "fee_delta" },
     { "setban", 2, "bantime" },
diff --git a/src/rpc/fees.cpp b/src/rpc/fees.cpp
index 57ba486ed9035e..6bb4706a69840e 100644
--- a/src/rpc/fees.cpp
+++ b/src/rpc/fees.cpp
@@ -6,6 +6,7 @@
 #include <core_io.h>
 #include <policy/feerate.h>
 #include <policy/fees.h>
+#include <policy/mempool_fees.h>
 #include <rpc/protocol.h>
 #include <rpc/request.h>
 #include <rpc/server.h>
@@ -14,6 +15,7 @@
 #include <txmempool.h>
 #include <univalue.h>
 #include <util/fees.h>
+#include <validation.h>
 #include <validationinterface.h>
 
 #include <algorithm>
@@ -99,6 +101,58 @@ static RPCHelpMan estimatesmartfee()
     };
 }
 
+static RPCHelpMan estimatefeewithmempool()
+{
+    return RPCHelpMan{
+        "estimatefeewithmempool",
+        "\nEstimates the approximate fee per kilobyte needed for a transaction to begin\n"
+        "confirmation within conf_target blocks if possible Uses virtual transaction size as defined\n"
+        "in BIP 141 (witness data is discounted). By default caches values for 30 seconds to avoid\n"
+        "repeatedly running expensive block-building algorithm.\n",
+        {
+            {"conf_target", RPCArg::Type::NUM, RPCArg::Optional::NO, "Confirmation target in blocks"},
+            {"force", RPCArg::Type::BOOL, RPCArg::Optional::OMITTED, "Force run block-building algorithm, bypassing any cached values."},
+        },
+        RPCResult{
+            RPCResult::Type::OBJ, "", "",
+            {
+                {RPCResult::Type::NUM, "feerate", /*optional=*/true, "estimate fee rate in " + CURRENCY_UNIT + "/kvB (only present if no errors were encountered)"},
+                {RPCResult::Type::ARR, "errors", /*optional=*/true, "Errors encountered during processing (if there are any)",
+                    {{RPCResult::Type::STR, "", "error"},}
+                },
+            }},
+        RPCExamples{HelpExampleCli("estimatesfeewithmempool", "2") + HelpExampleRpc("estimatesfeewithmempool", "2")},
+        [&](const RPCHelpMan& self, const JSONRPCRequest& request) -> UniValue {
+            MemPoolPolicyEstimator& fee_estimator = EnsureAnyMemPoolFeeEstimator(request.context);
+            const NodeContext& node = EnsureAnyNodeContext(request.context);
+            CTxMemPool& mempool = EnsureMemPool(node);
+            ChainstateManager& chainman = EnsureChainman(node);
+            Chainstate& chainstate = chainman.ActiveChainstate();
+            const unsigned int conf_target = request.params[0].getInt<unsigned int>();
+            bool force{false};
+            if (!request.params[1].isNull()) force = request.params[1].get_bool();
+            CFeeRate feeRate;
+            std::string err_message;
+            {
+                LOCK2(cs_main, mempool.cs);
+                feeRate = fee_estimator.EstimateFeeWithMemPool(chainstate, mempool, conf_target, force, err_message);
+            }
+            UniValue result(UniValue::VOBJ);
+            UniValue errors(UniValue::VARR);
+            if (feeRate != CFeeRate(0)) {
+                CFeeRate min_mempool_feerate{mempool.GetMinFee()};
+                CFeeRate min_relay_feerate{mempool.m_min_relay_feerate};
+                feeRate = std::max({feeRate, min_mempool_feerate, min_relay_feerate});
+                result.pushKV("feerate", ValueFromAmount(feeRate.GetFeePerK()));
+            } else {
+                errors.push_back(err_message.c_str());
+                result.pushKV("errors", errors);
+            }
+            return result;
+        },
+    };
+}
+
 static RPCHelpMan estimaterawfee()
 {
     return RPCHelpMan{"estimaterawfee",
@@ -222,6 +276,7 @@ void RegisterFeeRPCCommands(CRPCTable& t)
 {
     static const CRPCCommand commands[]{
         {"util", &estimatesmartfee},
+        {"util", &estimatefeewithmempool},
         {"hidden", &estimaterawfee},
     };
     for (const auto& c : commands) {
diff --git a/src/rpc/server_util.cpp b/src/rpc/server_util.cpp
index efd4a43c288c2e..9bbcb11f3239d7 100644
--- a/src/rpc/server_util.cpp
+++ b/src/rpc/server_util.cpp
@@ -93,6 +93,19 @@ CBlockPolicyEstimator& EnsureAnyFeeEstimator(const std::any& context)
     return EnsureFeeEstimator(EnsureAnyNodeContext(context));
 }
 
+MemPoolPolicyEstimator& EnsureMemPoolFeeEstimator(const NodeContext& node)
+{
+    if (!node.mempool_fee_estimator) {
+        throw JSONRPCError(RPC_INTERNAL_ERROR, "MemPool based Fee estimation disabled");
+    }
+    return *node.mempool_fee_estimator;
+}
+
+MemPoolPolicyEstimator& EnsureAnyMemPoolFeeEstimator(const std::any& context)
+{
+    return EnsureMemPoolFeeEstimator(EnsureAnyNodeContext(context));
+}
+
 CConnman& EnsureConnman(const NodeContext& node)
 {
     if (!node.connman) {
diff --git a/src/rpc/server_util.h b/src/rpc/server_util.h
index a4a53166b4b61f..dc5d234ea9d65b 100644
--- a/src/rpc/server_util.h
+++ b/src/rpc/server_util.h
@@ -11,6 +11,7 @@ class AddrMan;
 class ArgsManager;
 class CBlockPolicyEstimator;
 class CConnman;
+class MemPoolPolicyEstimator;
 class CTxMemPool;
 class ChainstateManager;
 class PeerManager;
@@ -30,6 +31,8 @@ ChainstateManager& EnsureChainman(const node::NodeContext& node);
 ChainstateManager& EnsureAnyChainman(const std::any& context);
 CBlockPolicyEstimator& EnsureFeeEstimator(const node::NodeContext& node);
 CBlockPolicyEstimator& EnsureAnyFeeEstimator(const std::any& context);
+MemPoolPolicyEstimator& EnsureMemPoolFeeEstimator(const node::NodeContext& node);
+MemPoolPolicyEstimator& EnsureAnyMemPoolFeeEstimator(const std::any& context);
 CConnman& EnsureConnman(const node::NodeContext& node);
 PeerManager& EnsurePeerman(const node::NodeContext& node);
 AddrMan& EnsureAddrman(const node::NodeContext& node);