FHA Mortgage Calculator

This calculator helps you estimate your monthly FHA payment, cash needed to close, and whether your debt-to-income (DTI) fits FHA guidelines, all in just the few following steps.

Step 1: Enter the Home Price & Loan Basics

• Purchase Price – Price of the home you are considering for purchase
• Interest Rate – Use today’s rate or an estimate
• Down Payment – Choose % or $ (FHA minimum downpayment is typically 3.5%)
• Loan Term – 30 -year or 15-year. Most buyers select 30 years

Step 2: Add Your Income & Monthly Debts

• Annual Household Income – Gross income before taxes
• Monthly Debts – Monthly payments made on car loans, credit cards, student loans (not rent)

Step 3: Review Monthly Housing Costs

• Property taxes – Auto-estimated (you can override)
• Homeowners insurance & HOA dues –  Enter monthly estimates
• Closing Costs – Default closing costs are currently set at 3% of the purchase price
• Seller Credits – Add the $ amount if you know that seller is offering any credits

Step 4: FHA Mortgage Insurance (MIP)

• Annual MIP and Upfront MIP are prefilled with typical FHA values
• Choose FHA AUS or FHA Manual underwriting mode

Step 5: Click Calculate

You’ll instantly see your estimated all-in FHA monthly housing payment, cash needed to close on the purchase, and Debt-to-Income (DTI) qualification status.

🚦 FHA Qualification Status (Most Important)

PASS means your DTI fits FHA guidelines.
REVIEW REQUIRED means your DTI exceeds limits. You may still qualify
with compensating factors. Speak with our licensed mortgage advisor. 

FHA DTI targets: Automated Underwriting System (AUS) at 45%/55% · Manual at 31%/43%.