Using the FHA mortgage calculator
An FHA loan is a government-backed conforming loan insured by the Federal Housing Administration. FHA loans have lower credit and down payment requirements for qualified homebuyers. The minimum required down payment for an FHA loan is only 3.5%. The FHA mortgage calculator includes additional costs, including upfront monthly mortgage insurance (MIP) and annual premiums in the estimated monthly payment.
Enter the amounts in the fields above to calculate your FHA mortgage payment and the mortgage calculator will give you your monthly mortgage payment amount.
You can also use our FHA affordability calculator to help determine an affordable monthly payment.
FHA Loan Limits
Be sure to also check your that your loan is within the FHA loan limits. FHA loan limits in 2024 range from $498,257 to $1,149,825, depending on location.
Start Your FHA Loan
After estimating payments with the FHA loan calculator, take the first step towards an FHA loan and speak with an FHA-approved lender to determine if you are eligible. Your lender will assess the purchase location, your financial situation and uncover any red flags that may prevent you from obtaining an FHA-guaranteed loan.