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FHA Loan Calculator

How much might you pay on an FHA mortgage loan? Input your information and use our free FHA loan calculator to estimate your total monthly payment.

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Estimate Your Monthly FHA Payment

Our FHA loan calculator estimates how much you might pay each month for principal and interest, taxes and insurance, and mortgage insurance premiums (MIP). Change the default values to personalize your estimate!

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This calculator is made available as a self-help tool for your personal use. We do not guarantee its accuracy or applicability to your individual circumstances. Resulting calculations are for illustrative and informational purposes only and are not intended as investment or financial advice. Consult a qualified financial advisor before making important personal finance decisions. To get a better understanding of how much your monthly FHA loan payment might be, speak with a loan advisor at Freedom Mortgage.

Based on the values you entered, your monthly payment is estimated to be
$*

Get your calculator results delivered to your email

Let us help you estimate your closing costs so you have a better idea of how much cash you may need at closing when purchasing a new home. Fill out the form below and one of our licensed Loan Advisors will contact you.

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*This calculator is made available as a self-help tool for your personal use and the results are based on values you entered. We do not guarantee its accuracy or applicability to your individual circumstances. Resulting calculations are for illustrative and informational purposes only and are not intended as investment or financial advice. Consult a qualified financial advisor before making important personal finance decisions. To get a better understanding of the benefits of buying a home, speak with a loan advisor at Freedom Mortgage.

A Loan Advisor from Freedom Mortgage will reach out to you to review your results and discuss the various home financing options that may be available to you.

By clicking "Get Your Results," you consent to be contacted, including via automated technology or artificial/prerecorded voice, by Freedom Mortgage and any of its current or future affiliated companies (collectively "Freedom Mortgage") at the phone number(s) and email address(es) provided for marketing purposes about loans, even if your number is listed on a federal, state or internal do not call list . You affirm that you are the subscriber of the phone number(s) and email address or that the subscriber has authorized you to provide this consent. Your consent is not a condition of purchase of goods or services from Freedom Mortgage.
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Based on the values you entered, your monthly payment is estimated to be
$*

Principal & Interest
$000.00
Taxes & Insurance
$000.00
MIP
$000.00

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Ask If You Qualify for an FHA Loan

FHA loans make homebuying more affordable with low down payments and competitive interest rates. Fill out our easy online form to get started

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What Is an FHA Loan?

An FHA loan is a government-backed mortgage loan, insured by the Federal Housing Administration, that helps people with lower incomes and lower credit scores buy a home.

FHA loans are a popular choice for first-time homebuyers and are offered by FHA-approved lenders like Freedom Mortgage. Learn more about FHA loans.

How to Use an FHA Loan Calculator

Curious what your FHA loan payment would look like each month? Get an estimate with our calculator. We’ll collect some basic information, including:

  • The home’s purchase price
  • An estimated down payment (as a percentage of the purchase price)
  • The loan term (typically, 15 or 30 years)
  • A current interest rate
  • The home’s annual property taxes
  • The annual homeowners insurance costs

In addition to predicting your monthly mortgage payment, you can use our FHA loan calculator to see how different loan terms, interest rates, and other factors can impact what you might pay.

Benefits of Using an FHA Mortgage Payment Calculator

When you use a mortgage calculator to estimate your monthly payment for an FHA loan, you can:

  • Better understand which purchase prices fit with your monthly mortgage payment budget
  • See how factors, such as interest rates and down payments, can impact your monthly payment
  • Understand how your property taxes, homeowners insurance, and FHA mortgage insurance affect your monthly payment
  • Budget effectively for the money you’d like to spend on a down payment

Keep in mind that our calculator provides an estimate, based on the information you provide, and may not include all the costs associated with your loan.

For example, if you roll your closing costs into the mortgage, these costs will likely increase the amount of your monthly payment.

The calculator breaks down your monthly payment by principal and interest, mortgage insurance premium (MIP), property taxes, and homeowners insurance.

The Right Loans to Reach Your Goals

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