FHA Loan Calculator

Federal Housing Administration (FHA) loans are popular with first-time buyers because they allow lower down payments (as low as 3.5% with qualifying credit)...

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Results

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Introduction

Federal Housing Administration (FHA) loans are popular with first-time buyers because they allow lower down payments (as low as 3.5% with qualifying credit) and flexible DTI. FHA insures the loan, not the borrower— you still repay the lender.

FHA Loans Explained

Federal Housing Administration (FHA) loans are popular with first-time buyers because they allow lower down payments (as low as 3.5% with qualifying credit) and flexible DTI. FHA insures the loan, not the borrower— you still repay the lender.

Mortgage Insurance Premium (MIP)

FHA charges upfront MIP (often financed into the loan) plus annual MIP paid monthly. Unlike conventional PMI, FHA annual MIP may last for the life of the loan depending on down payment and term.

Property Standards

FHA requires the home to meet minimum property standards. Budget for any required repairs identified in the appraisal.

FHA vs Conventional

Compare total monthly cost including MIP against conventional loan with PMI. As equity builds, conventional refinance may eliminate mortgage insurance sooner. Use the Mortgage Calculator side by side.

How It Works

  1. Enter your amounts, rates, and term in the form. Use the same units shown in the labels (dollars, years, percent).
  2. Click Calculate to run the FHA Loan Calculator engine. Invalid or empty required fields show a clear error message.
  3. Review the summary cards for the key outputs. Expand schedules or tables when available for period-by-period detail.
  4. Copy, print, or share your scenario link. Reset the form anytime to start a fresh comparison.

Formula

Base loan = home price minus down payment. Loan with upfront MIP = base loan * (1 + upfront MIP%). Monthly P&I uses standard amortization; annual MIP is added to monthly housing cost.

FAQ

Yes. CDCalculator.io provides the FHA Loan Calculator at no charge for personal and educational use. Results are estimates and not financial advice.

The tool uses standard formulas lenders and planners use in spreadsheets. Your bank may round differently or include fees not modeled here.

Use the Copy Results and Print buttons on the calculator panel after you run a scenario. You can also share the page link with colleagues.

Focus on realistic rates, terms, and any extra payments or contributions. Small changes in APR or time horizon often move outcomes more than rounding.

No. Use this calculator to explore scenarios, then consult a qualified advisor or lender for decisions about mortgage & real estate products.