FHA loans
FHA home loans were created to help minorities and first-time homebuyers purchase a home. Our calculators were designed to help you determine how much you can afford to safely borrow in order to finance your home.
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FHA Mortgage Calculator

How Much Can I Afford?

See if your income is sufficient to qualify:

Desired Mortgage for New Home
Mortgage Length Years
Interest %
Annual Tax
Total Monthly Payments in Non-Mortgage Debt
(i.e. car, student loans, credit cards, etc).
 

Summary:

Monthly Principal + Interest
Total Housing Payment (tax & insurance included)
Required Salary

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

  1. The sum of the monthly mortgage and monthly tax payments must be less than 31% of your gross (pre-taxes) monthly salary.
  2. 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 monthly and annual mortgage insurance in many cases. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed.

FHA Mortgage Calculators

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How much can I afford?
How much can I borrow?
How much are my payments?
Compare 3 different loans.
Show me my amortization schedule.
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Remember, the FHA does not make home loans. They insure the FHA loans that we can assist you in getting. FHA.com is a private corporation, is not a government agency, and does not make loans.

FHA LOAN TYPES:

-- FHA Home Loan
-- FHA Secure
-- FHA Reverse
-- FHA Loan (fixed rate)

SPECIAL FHA TOPICS:

-- FHA Down Payments
-- FHA Credit
-- FHA Appraisals
-- FHA Mortgage Tips
-- FHA Loan Prequalify
-- Other Loan Types
-- FHA Loan Questions
-- Obama Mortgage
-- HOPE Act

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This blog is brought to you by the knowledgeable group of counselors at FHA.com. Our team specializes in advising our customers about the value of FHA mortgage loans. > See also: VA Loans Blog
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Military guidelines, regulations, and benefits are introduced each year for everything from Military Pay Charts to your VA Loan benefits. We can help you stay informed. > See also: Military Pay Archive