Federal Housing Administration (FHA), loan calculator
Learn about FHA loans
FHA loans are designed to help first-time buyers purchase a home with a low interest rate. They offer a low minimum down payment of 3.5% and, generally, it may be easier to qualify for an FHA loan.
Calculate loan payments
It's easy to find out how much your FHA loan payments would be. Just enter your purchase price, down payment and loan term to see an estimated monthly loan payment.
Take the next step
If you’re ready to move forward with an FHA loan, get preapproved online and a Home Lending Advisor will follow up with you.
Understanding your results
After your information is entered, you’ll see your total estimated monthly payment above a pie chart. The chart shows how much of your monthly loan payment will be applied to principal and interest, mortgage insurance and taxes, and homeowner’s insurance.
You can also select to see how the principal and interest change over time in a bar chart (select the “Over time” button below the chart). Choose the “Amortization” button to see a table with detailed information about your monthly payments over the entire life of the loan.
Be prepared with these essential resources
Learn more about getting a mortgage with these helpful articles and educational videos.
FHA loans vs. conventional loans
FHA and conventional loans are the two most popular options for first-time homebuyers. Each has advantages and drawbacks to consider before making your decision.
FHA loan closing costs
FHA loans are great for homebuyers but closing costs are required. Here's what you need to know about FHA loan closing costs.
FHA loan down payments decoded
Your down payment for an FHA loan can be lower than for other programs. Learn about the amount required to secure a home with an FHA loan.
What percentage of your income should go toward the mortgage loan?
Your salary is a major factor in determining how much house you can afford. This guide will help you determine how much of your income you should put toward your mortgage payments every month.
How to prequalify for a mortgage
While many people find the home they want and then look for a mortgage, it's a good idea to look at your mortgage options first. It's important to know how much you'll be able to borrow before you find a house.
How buying a house changes your life
Buying your first home is an exhilarating experience. Learn about the responsibilities and benefits of owning a home.
The complete FHA appraisal requirements checklist
FHA loans require home appraisals that are based on the U.S. Department of Housing and Urban Development (HUD) guidelines. Learn more about FHA appraisal requirements.
Federal Housing Administration (FHA) loan
An FHA mortgage is a government-insured loan that offers down payments as low as 3.5%. FHA loans come with a 15-, 20-, 25- or 30-year term and have a fixed interest rate.
Mortgage principal vs. interest payments
Find out the difference between principal and interest payments and how they are paid over the course of your loan.