FHA Loan Calculator

1. Purchase Price: Home cost.
2. Down Payment: Minimum 3.5%.
3. Credit Score: Affects rate.
4. Calculate: Monthly payment including MIP.

The FHA Loan Calculator estimates payments for government-backed FHA loans. These allow for low down payments (3.5%) but require Mortgage Insurance Premiums (MIP) for the life of the loan.

Ideal for first-time homebuyers with lower credit scores.