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FHA Loan

Thinking about buying a home with a low down payment? The FHA Loan Calculator helps you estimate your monthly mortgage payments, including FHA mortgage insurance premiums (MIP), so you can budget confidently and understand the full cost of an FHA-backed loan



FHA Loan Calculator

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Monthly Payment:

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Upfront MIP: $0

Monthly MIP: $0

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What is FHA Loan Calculator

The FHA Loan Calculator is a specialized mortgage tool designed for homebuyers using loans insured by the Federal Housing Administration (FHA). FHA loans are popular among first-time buyers and those with moderate credit because they offer low down payment requirements—typically as low as 3.5%.

This calculator takes into account the unique aspects of FHA financing, such as the upfront mortgage insurance premium (UFMIP), annual mortgage insurance (MIP), and the required loan-to-value (LTV) limits. It’s ideal for anyone exploring affordable paths to homeownership or seeking to understand how an FHA loan compares to conventional financing.




How it works

FHA Loan Calculator

To use the calculator, you’ll enter key financial details such as the home price, down payment amount (minimum 3.5% for FHA), loan term, interest rate, and property taxes. The tool then calculates your monthly mortgage payment, including principal, interest, taxes, and both upfront and ongoing mortgage insurance premiums (UFMIP and MIP).

For example, if you’re purchasing a ₹30,00,000 home with a 3.5% down payment, the calculator will estimate the FHA loan amount, add the required UFMIP (typically 1.75% of the loan), and spread the annual MIP over your monthly payments. This provides a clear, all-inclusive estimate of what you’ll owe each month. It’s especially useful for comparing affordability across FHA and conventional loans, helping you decide which is right for your financial situation.



Frequently Asked Questions

What is included in an FHA loan monthly payment Toggle
It typically includes principal, interest, property taxes, homeowners insurance, and both upfront and monthly mortgage insurance premiums (UFMIP & MIP)
How much is the FHA upfront mortgage insurance premium (UFMIP) Toggle
UFMIP is usually 1.75% of the base loan amount and can be rolled into the loan or paid at closing.
What credit score is needed for an FHA loan Toggle
Most FHA lenders accept credit scores as low as 580 with 3.5% down. Some may go lower with a higher down payment.
Is the FHA loan calculator accurate for all states Toggle
Yes, but property tax rates and insurance costs vary by location. For the most accurate results, input local estimates for taxes and insurance
Can this tool help compare FHA and conventional loans Toggle
Absolutely. Use it to understand the added cost of FHA insurance premiums and compare total monthly payments to similar conventional loan terms.