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FHA home loans were created to help first-time home buyers purchase a home. FHA calculators let homebuyers and homeowners understand what they can afford to safely borrow to finance a home.

FHA Loan Rates

July 23, 2016
FHA Rates for July 23, 2016
Offering 30 Year Fixed Mortgages
Offering 15 Year Fixed Mortgages
Use our mortgage calculators
to see what you can afford!
FHA.com is a private company, is not a government agency, and does not make loans.

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FHA.com is a private company, is not a government agency, and does not make loans.

How Much Can I Afford?

FHA Mortgage Calculator

Use the following calculator to help you determine an affordable monthly payment so that you know what you can afford before you make an offer on the home you want to purchase.

Desired Mortgage

Down Payment

Term of Loan

Interest Rate

Property Taxes

Non-Mortgage Debt



YOUR RESULTS

Estimated Mortgage Payment:

$.00/mo

Estimated Total Payment:

Includes monthly mortgage insurance premiums using base loan amt. x (.85% for 30 yr or 0.70% for 15 yr)/12 effective after 01/26/15

$.00/mo

Required Monthly Income:

$.00

Required Annual Income:

$.00

This does not include upfront mortgage insurance if needed. Your salary must meet the following two conditions on FHA loans:

  • The sum of the monthly mortgage and monthly tax payments must be less than 31% of your gross (pre-taxes) monthly salary.
  • The sum of the monthly mortgage, monthly tax and other monthly debt payments must be less than 43% of your gross (pre-taxes) monthly salary.

DISCLAIMER: The figures above are based upon current FHA program guidelines. FHA requires a 3.5% down payment as well as an upfront and monthly mortgage insurance in many cases. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. See upfront and monthly calculations: FHA Mortgage Insurance Requirements.