FHA Loan Calculator
Summary: Your estimated monthly
FHA loan payment is $1,783.39.
Making a $8,750 down payment on a $250,000 purchase will result in a loan amount of
$245,471.
Your payment is based on a 30 year term with a 4.250% interest rate.
*Be sure to include taxes and insurance.
Enter FHA Purchase Price
$
The loan amount you've calculated exceeds the 2019 FHA loan limit of $314,827 in most counties. That's okay if you buy in an area with higher limits.
Common FHA Down Payments
%
$
3.5%
Interest Rate
Loan Term
Property Tax Rate 1.50%
$
Homeowner's Insurance Rate 0.45%
$
YOUR FHA LOAN PAYMENT
$5,055.20
| Principal & Interest | $3,015.98 | |
| FHA MIP 0.80 | + | $387.14 |
| Monthly Escrow | + | $1,652.08 |
| FHA Loan Payment | = | $5,055.20 |
FHA LOAN BREAKDOWN
| Purchase Price | $650,000 |
| Minimum Down Payment | $22,750 |
| Your Down Payment | $65,000 |
| Down Payment Percentage | 10.0% |
| FHA Base Loan Amount | $585,000 |
| FHA Upfront MIP 1.75 | $10,237 |
| Total FHA Loan Amount | $0 |