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About the FHA Loan Calculator
This FHA loan calculator estimates your monthly mortgage payment and checks core FHA loan requirements. The output shows principal, interest, and mortgage insurance costs in one breakdown.
The calculator applies the standard amortization formula P x r x (1+r)^n / ((1+r)^n - 1) to compute principal and interest, then adds the upfront and annual mortgage insurance premiums FHA loans require. You enter the home price, down payment, loan term, interest rate, and annual property taxes and insurance. Lenders usually finance the upfront premium into the loan, so it raises your base loan amount. For decisions about a specific loan, consider a lender or a HUD-approved housing counselor.
- Enter the home price and your planned down payment.
- Add the interest rate, loan term, and estimated taxes and insurance.
- Review the monthly payment and confirm your down payment meets the FHA minimum.