Mortgage Calculator
Use our FHA mortgage calculator to help determine your monthly payment amount.
The best FHA lender mortgage calculator is an automated tool that enables you to quickly determine the financial implications of changes in one or more variables in an FHA mortgage financing arrangement. The major variables include loan principal balance, interest rate, and term.
Enter amounts in the fields to the right and the mortgage calculator will give you your monthly mortgage payment amount!
Purchase price: The amount you want to buy.
Down payment: FHA’s minimum down payment amount
Mortgage term: The most common FHA mortgage term is 30 years.
Interest rate: Enter the FHA interest rate that you prefer for the calculation.
Property tax: Enter the estimated annual property tax that is appropriate for your area.
Property insurance: Enter the property insurance that is appropriate for your area.
PMI (Private Mortgage Insurance): Typically .55 for FHA loans.
Purchase Money Mortgages, Full-Qualifying Refinances and Streamline Refinances
| LTV | Annual PMI for Loans > 15 Yrs | LTV | Annual PMI for Loans < 15yrs |
| < 95% | .50 | < 90% | None |
| > 95% | .55 | > 90% |
.25 |
First payment date: Typically the month following the first full month after you will close. Example: if the close date is in November, the first payment date would be in January.
Click the “Calculate” button to see your results.
Example Mortgage Calculator Results
Throughout my lending career, I have been known for my knowledge, experience, honesty and integrity. I hold my mortgage and accounting experience in high regard. I have been involved in the real estate finance industry since 1996 when I took my first job as a loan office.
