This calculator has been updated to the January 9, 2015 FHA MIP rule change. Announcement.pdf
calculate the FHA mortgage, FHA funding Fee (UFMIP) & the monthly FHA mortgage
insurance fee (MIP) for a 30 and 15 year FHA home loan.
Line 1. Enter the sales price
Line 2. Choose the down payment percentage
Line 3. Choose 15 or 30 years
Line 4. Find the maximum FHA loan limit with this link > FHA County Loan Limit.
A new window will open. Choose the state and click Send (you may have to scroll down (or up) to see the send button). The county name is located on the fourth column). After you find the maximum county loan amount for One-Family, Two-Family, Three-Family or Four-Family home, enter the Fha limit on line/box 4.
5. Click Calculate
You can enter the FHA interest rate (Line 8), annual real estate taxes (Line 9), homeowners insurance (Line 10) and any other monthly cost (Line11) for the total monthly FHA loan payment. Detailed operation can be found at the bottom of this page.
► FHA Frequently Asked Questions.
► Why do I need to enter the maximum FHA loan amount?
► How do I look up the FHA county loan limit?
When you click on the FHA County Loan Limit link above, a new window will open in your browser.
The window is the FHA loan limit lookup page. Choose the state and click “Send”. HUD/FHA will present the county FHA loan limits for the state chosen. The county is located on the fourth column (go figure). To the right of the county names are the loan limits for one, two, three, and four unit homes. Enter the appropriate loan limit on line/box 4.
Check out the FHA question and answer page before leaving. If the calculator helped you, please give me an atta boy on Facebook, Twitter and any other social site that you frequent. Thanks for stopping by!
2015 FHA State Calculators