FHA Loan Calculator
Calculate FHA loan payments with our free FHA loan calculator including mortgage insurance premiums. This FHA loan calculator shows total monthly costs with MIP and UFMIP calculations. Use this FHA loan calculator to understand FHA financing requirements and compare down payment scenarios. Our FHA loan calculator helps first-time homebuyers plan their purchase.
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FHA Loan Calculator Inputs
FHA minimum: 3.5% with 580+ credit, 10% with 500-579
Current FHA rates vary by credit score and market
Annual rate (typically 0.5% - 2.5%)
Used for debt-to-income ratio calculation
Total Monthly Payment
$0
Including principal, interest, MIP, taxes & insurance
Base Loan Amount
$0
UFMIP (1.75%)
$0
Total FHA Loan
$0
LTV Ratio
0.0%
FHA Eligible Down Payment
Your 3.5% down payment meets FHA requirements for borrowers with 580+ credit scores.
Monthly Payment Breakdown
FHA Loan Summary
Monthly Payment Breakdown
Principal vs Interest Over Time
Down Payment Scenario Comparison
Understanding Your FHA Loan Calculator Results
An FHA loan calculator helps you estimate monthly payments for FHA-insured mortgages including required mortgage insurance. This FHA loan calculator includes UFMIP (upfront mortgage insurance premium) and monthly MIP calculations. Use this FHA loan calculator to compare down payment scenarios and understand total costs. Our FHA loan calculator is designed specifically for first-time homebuyers and those with lower credit scores.
Key FHA loan features:
- Low Down Payment: FHA loans allow 3.5% down with 580+ credit score, or 10% down with 500-579 credit
- UFMIP: Upfront Mortgage Insurance Premium of 1.75% is added to your loan amount
- Monthly MIP: Ongoing mortgage insurance premium ranging from 0.45% to 0.70% annually based on LTV and term
- Flexible Credit: FHA accepts lower credit scores compared to conventional loans
- DTI Requirements: FHA typically allows front-end DTI up to 43%, with some flexibility to 57%
Using this FHA loan calculator: Enter your home price, down payment, and financial details. The FHA loan calculator automatically calculates UFMIP and MIP based on your LTV ratio and loan term. This FHA loan calculator shows how larger down payments reduce your monthly MIP costs. Remember that this FHA loan calculator provides estimates - actual FHA mortgage insurance rates may vary based on your specific situation and current FHA guidelines.
Disclaimer: This calculator is for educational and illustrative purposes only. Results are estimates and may not reflect actual outcomes. Investing Point does not guarantee the accuracy of these calculations and is not responsible for any decisions made based on this tool.
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