Enter your numbers
Adjust any field and recalculate — figures are pre-filled with a typical example.
Results will appear here.
How it works
Formula & explanation
FHA Loan Calculator uses the following calculation:
M = P × [ r(1+r)n ] / [ (1+r)n − 1 ]
This is a simplified model intended for planning and education. Real-world offers from lenders, institutions, or tax authorities may include additional fees, rules, or adjustments not reflected here.
FAQ
Frequently asked questions
What's the minimum down payment for FHA loans?
As low as 3.5% for borrowers with a credit score of 580 or higher.
Does FHA require mortgage insurance?
Yes — both an upfront mortgage insurance premium (UFMIP) and an ongoing annual MIP, which this simplified estimate doesn't itemize separately.
Who typically qualifies for FHA loans?
Borrowers with lower credit scores or smaller down payments who may not qualify for conventional financing.
Related