FHA Loan Calculators

Be Smart When it Comes to Your Mortgage

These FHA loan calculators will estimate what your mortgage payments will be and what you can afford. FHA loans are insured by the Federal Housing Administration. Qualified borrowers can expect lower down payments and credit requirements than what is typically required with conventional loans. The minimum down payment requirement for an FHA loan is only 3.5%.

Use our FHA mortgage calculator to determine the highest monthly payment and the maximum loan amount you can qualify for. We can help you understand how a lender looks at your ability to make payments.

How much you can borrow depends on circumstances. The interest rate, for example, is determined in part by your credit history and FICO® scores. The better your FICO® scores are, the better the interest rates. Your current debts will also factor into things. Use our FHA Loan Calculator to learn more.

• Tips for Using a Mortgage Calculator
• FHA Loan Calculators for Mortgage Borrowers
• FHA Refinance Loan Options for Borrowers Who Don't Need Cash

The amount you can qualify for and what you can actually afford are two different things. Make sure you can comfortably pay for the home you want to buy or refinance.

A criteria for a successful mortgage application is your debt-to-income ratio. An FHA borrower's debt-to-income ratio can be no more than 41% in most cases. Use ourFHA Loan Calculator to learn more.

• Do FHA Loans Have Income Limits for Borrowers?
• Gaps In Employment and Reductions In Income
• FHA Loans and Mortgage Insurance Requirements

There are a variety of factors that will go into calculating your monthly mortgage payment. The loan amount, the FHA loan limits in your county, the amount of the loan the FHA will insure, and the Up Front Mortgage Insurance Premium (UFMIP) all come into play.

Estimate your taxes and insurance so that these amounts will be included in the payment calculation. Use ourFHA Loan Calculator to learn more.

• Calculating Your Monthly FHA Loan Mortgage Payment
• The Advantage of Using an FHA Loan Calculator
• How Long are the Terms for FHA Mortgages?