Easily calculate the FHA funding Fee (UFMIP) & the monthly FHA mortgage insurance fee (MIP) for a 30 and 15 year FHA home loan. Simply enter the sales price, choose the down payment percentage & loan term. Since the FHA loan has a "maximum" loan amount, find the maximum FHA limit on the FHA lookup screen below and enter the amount on line 4. Choose the appropriate state and click on the Send button. The county name is located in the third column. If necessary, scroll to the bottom of the page to go to the next page of counties for that state. Notice that there are FHA loan limits for 1, 2, 3 and 4 units. If you are estimating the FHA loan for a single family home, use the One-Family limit for that county. Needless to say (but I'll say it anyway), pick up Two-Family loan maximum for a duplex, 3-unit, or 4 unit as appropriate. After acquiring the maximum FHA loan amount, enter the maximum limit on line 4. Click on the Calculate button to estimate the FHA home loan amount and monthly mortgage premium (mip) cost. Select the interest rate and enter the real estate tax, and homeowner's insurance if desired to estimate the monthly FHA loan payment. The closing cost calculator is similar to the new Good Faith Estimate (GFE) required by HUD. Learn more about FHA loans and the FHA loan program on the FHA Page. This calculator has been updated for the April 1 and June 3, 2013 annual (monthly) mip changes.
FHA State Calculators