FHA Mortgage Calculator

An FHA mortgage calculator helps estimate monthly home loan payments using FHA loan guidelines, including required insurance and escrow costs. This tool allows buyers and homeowners to evaluate affordability with more accuracy before applying or refinancing.

FHA Mortgage Calculator

Home Price

Down Payment (%)

Interest Rate

Loan Term (Years)

Annual Property Tax

Annual Home Insurance

Base Loan Amount:

Upfront MIP (1.75%):

Total Loan Amount:

Principal & Interest:

Monthly MIP (Mortgage Ins):

Property Tax:

Home Insurance:

Total Monthly:

*Includes 1.75% Upfront MIP rolled into loan.
*Annual MIP estimated at 0.55% based on LTV.

This calculator is made available to you as an educational tool only and calculations are based on borrower-input information. This is not an advertisement for the above terms, interest rates, or payment
amounts. The above information is meant for educational purposes only, the approximate origination charges, and total approximate funds needed to close is just an illustration and may not be accurate to your personal loan scenario. Actual fees and costs and payments may vary. As a result of refinancing, your total finance charges may be higher over the life of the loan. This is not a commitment to lend. Not all borrowers will meet the requirements necessary to qualify. Rates and terms are subject to change based on market conditions and borrower eligibility. Monthly Payment does not include taxes and insurance. Your payment obligation will be higher. APR is not shown – see our website for assumptions and loan terms. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan. Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. We do not guarantee the accuracy of any information or inputs by users of the software.

How the FHA Mortgage Calculator Estimates Payments

The calculator applies standard FHA amortization formulas and includes required insurance costs in the monthly estimate. Many borrowers rely on an fha mortgage calculator free of sign ups to test payment scenarios quickly and realistically.
Inputs used in the calculation include:
- Home price
- Down payment
- Interest rate
- Loan term
- Annual property tax
- Annual homeowners insurance
To ensure accurate budgeting, an fha mortgage calculator with mip reflects the required monthly mortgage insurance amount as part of the total payment.

What an FHA Monthly Payment Includes

Principal and Interest
Calculated from the loan amount, interest rate, and selected loan term.
Mortgage Insurance
FHA loans require monthly insurance for most borrowers. A properly configured fha mortgage calculator pmi helps prevent underestimating the payment.
Property Taxes
Estimated monthly tax amount collected through escrow.
Home Insurance
Estimated monthly insurance premium collected through escrow.

FHA Mortgage Payment Example

Item	Amount
Home Price	450000
Down Payment	15750
Loan Amount	434250
Interest Rate	6.25
Loan Term	30
Principal and Interest	2670
Mortgage Insurance	303
Property Tax	525
Home Insurance	150
Total Monthly Payment	3648

This example shows how insurance and escrow significantly affect the total monthly obligation.

Estimated FHA Closing Costs

Planning upfront expenses is essential when using FHA financing. A realistic fha mortgage calculator closing costs estimate helps borrowers understand expected cash requirements at closing.

Cost Item	Amount
Origination Fees	2550
Appraisal	650
Title and Settlement	2200
Prepaid Taxes and Insurance	2950
Estimated Closing Costs	8350

Actual closing costs vary by lender and transaction details.

FHA Refinance Payment Estimates

A refinance fha mortgage calculator allows homeowners to compare their current FHA payment with a new loan scenario. By entering the remaining balance, updated interest rate, and loan term, borrowers can quickly assess potential payment changes.Borrowers often use this tool when planning refinance options in Washington, D.C. where taxes and insurance materially impact monthly costs.

Why Borrowers Use This Calculator

Many users prefer a free fha mortgage calculator because it allows early planning without sharing personal details. This tool is especially helpful for buyers comparing affordability across neighborhoods and loan scenarios before committing to a lender.

Frequently Asked Questions (FAQ)

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FHA Mortgage Calculator