FHA Loan Calculator

Home Price

Down Payment Percentage

Interest Rate

Loan Term (Years)

years

Credit Score

Understanding FHA Loans

Key features of FHA loans:

Low down payment requirement (minimum 3.5%)
More flexible credit score requirements
Mandatory mortgage insurance premium (MIP)
Upfront MIP can be financed into the loan
Annual MIP required for the life of the loan with less than 10% down

Note: This calculator provides estimates based on current FHA guidelines. Actual loan terms and costs may vary based on lender, location, and individual circumstances. Consult with an FHA-approved lender for specific details.