FHA Mortgage Calculator
Calculator currently updated with lower FHA Mortgage Insurance Premiums Jan. 26th, 2015*
FHA Loan Calculator – Buying a home using a FHA home mortgage? Calculate the PITI mortgage payment with taxes and insurance for a FHA loan. This FHA mortgage calculator also provides the down payment, monthly FHA mortgage insurance (FHA MIP) and the FHA upfront mortgage insurance premium (UFMIP) of a FHA home loan. Lastly, view the minimum income required to qualify for the home’s sales price and calculated FHA loan amount with this free, simple, FHA loan calculator with taxes and insurance.
Mortgage Calculator Instructions
Step 1: Enter Sales Price, Mortgage Rate and Term
Step 2: Select Property type, Taxes and Insurance
Step 3: Click “Calculate FHA Loan”
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* Maximum FHA loan amount used by this FHA mortgage calculator is based on current FHA loan limit ceilings as per current HUD mortgagee letter. Updated: FHA mortgage insurance calculations based on most current HUD FHA guidelines:
http://portal.hud.gov/hudportal/documents/huddoc?id=13-04ml.pdf Updated Jan 8th., 2015: http://portal.hud.gov/hudportal/documents/huddoc?id=15-01ml.pdf
Note: A FHA mortgage calculator with PMI: The equivalent of PMI (Private Mortgage Insurance) for a FHA loan is simply: “mortgage insurance”, since the mortgage insurance of a FHA loan is not funded by a private mortgage insurance company.