FHA Loan Calculator
Modify the values and click the Calculate button to use
Loan Details
Include Optionals Below
Result
| Monthly | Total | |
|---|---|---|
| Mortgage Payment | $3,080.53 | $1,108,991.58 |
| Property Tax | $500.00 | $180,000.00 |
| Home Insurance | $208.33 | $75,000.00 |
| Annual MIP | $221.15 | $79,612.50 |
| Other Costs | $416.67 | $150,000.00 |
| Total Out-of-Pocket | $4,426.68 | $1,593,604.08 |
House Price
FHA Loan Calculator – Estimate Your FHA Loan Payments Easily
Buying a home with an FHA loan can be a smart choice, especially if you want a lower down payment or have limited credit history. But before you apply, it’s important to know how much your monthly payments will be and the total cost of the loan. Our FHA Loan Calculator helps you estimate your payments, including principal, interest, and insurance, so you can plan with confidence.
Table of Contents
- What is an FHA Loan Calculator?
- How to Use the FHA Loan Calculator
- Example: FHA Loan Calculation
- Benefits of Using Our FHA Loan Calculator
- Other Helpful Calculators
- About Our Partner: PDF Tools Guru
- Conclusion
What is an FHA Loan Calculator?
An FHA Loan Calculator is a financial tool that helps you estimate your monthly mortgage payment when applying for an FHA loan. Unlike conventional loans, FHA loans include extra costs such as mortgage insurance premiums (MIP). By entering details like loan amount, interest rate, term, and down payment, our calculator shows you the true cost of financing your home.
How to Use the FHA Loan Calculator
- Go to our FHA Loan Calculator.
- Enter your home price, down payment, and loan term.
- Add the expected interest rate.
- Include any insurance or taxes if needed.
- Click “Calculate” to see your estimated monthly payment and total loan cost.
This way, you’ll know what to expect before applying for an FHA loan and avoid any surprises.
Example: FHA Loan Calculation
Suppose you want to purchase a home for $220,000 with a 3.5% down payment using an FHA loan at a 6% interest rate over 30 years. Our calculator shows your estimated monthly payment would be around $1,300, including mortgage insurance. Over the life of the loan, you would pay a total of approximately $468,000.
Benefits of Using Our FHA Loan Calculator
- Plan your budget: Know how much house you can afford.
- Understand costs: Factor in mortgage insurance and long-term payments.
- Compare scenarios: Adjust down payments or terms to see the impact.
- Confidence in decisions: Make better choices when applying for an FHA loan.
Other Helpful Calculators
At Money Matrix Guide, we provide multiple financial tools to help you plan better:
- Business Loan Calculator
- Auto Loan Calculator
- Credit Card Interest Calculator
- Credit Card Payoff Calculator
- Balance Transfer Savings Calculator
- Credit Card Comparison Tool
About Our Partner: PDF Tools Guru
We’ve partnered with PDF Tools Guru, a free online platform that provides:
- PDF converters like PDF to JPG and PDF to Word.
- File management tools like Merge PDF and Split PDF.
- Smart calculators and unit converters.
- Unique tools such as a Sleep Calculator.
Together, Money Matrix Guide and PDF Tools Guru aim to provide powerful tools to make both financial planning and daily tasks simpler and easier.
Conclusion
Before you apply for an FHA loan, it’s important to know your monthly mortgage payments and overall costs. Our FHA Loan Calculator gives you a clear estimate so you can plan your budget and make smart financial decisions. With the support of our partner site PDF Tools Guru, you also get access to free tools for PDFs, calculations, and more, making life simpler and smarter.