FHA Loan Calculator

FHA Loan Calculator

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Enter the down payment percent you expect to put down. FHA loans require a minimum of 3.5% down.
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Choosing a longer term will make the payments less per month, however it will increase the total amount paid back on the loan.
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Total Monthly Payment

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Principal & Interest Payment
Monthly Mortgage Insurance
Base Loan Amount
FHA Upfront Mortgage
FHA Upfront MI Amount
Final Loan Amount
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The FHA mortgage calculator is provided for informational purposes only and is not intended to provide financial, legal, or mortgage advice. Results are estimates based on the information you provide and current FHA guidelines, which may change without notice. Actual loan terms, rates, and costs may vary depending on your individual circumstances, credit profile, and lender requirements. Pre-qualification or use of this calculator does not constitute loan approval or a commitment to lend. For personalized advice, please consult with a licensed mortgage professional.

See What You Qualify for with our FHA Loan Calculator

Looking for a low down payment home loan? The FHA Loan Calculator from Salute Mortgage helps you estimate your monthly payment, including principal, interest, taxes, insurance, and mortgage insurance premiums. This powerful tool is perfect for first-time homebuyers and anyone exploring flexible, government-backed financing options.

What Is an FHA Loan?

An FHA loan is a mortgage insured by the Federal Housing Administration (FHA), designed to help more people become homeowners—especially those with lower credit scores or limited savings.

With as little as 3.5% down, relaxed credit guidelines, and competitive rates, FHA loans are one of the most popular mortgage options in the U.S.

Use Our FHA Loan Calculator to Estimate:

  • Total Monthly Payment (PITI + MIP)
  • FHA Mortgage Insurance Premiums (Upfront and Monthly)
  • Estimated Loan Amount After Down Payment
  • Total Costs Over the Life of the Loan

How to Use the Calculator

✅ Step 1: Enter Basic Loan Info

  • Home Price
  • Down Payment Percentage or Amount
  • Interest Rate
  • Loan Term (15 or 30 years)

✅ Step 2: Customize Additional Costs

  • Annual Property Taxes
  • Homeowners Insurance
  • HOA Fees (if applicable)

✅ Step 3: View Your Results

You’ll see a complete breakdown of:

  • Monthly mortgage payment
  • Monthly and upfront FHA mortgage insurance
  • Total loan and amortization cost estimates

FHA Loan Requirements at a Glance

✅ Minimum Down Payment: 3.5% (with 580+ credit score)
✅ Flexible Credit Guidelines
✅ FHA Mortgage Insurance Required
✅ Primary Residences Only
✅ Debt-to-Income Ratio: Up to 56% (with compensating factors)

Salute Mortgage can help you understand your eligibility and guide you toward approval—even with a past credit challenge or limited funds.

Benefits of FHA Loans from Salute Mortgage

🏡 Ideal for First-Time Buyers
💳 Low Credit Score Accepted
💰 Down Payment Assistance Available
🛠️ Eligible for Fixer-Upper Homes via FHA 203(k)
⚡ Fast Pre-Qualification and Personalized Support

Whether you’re just starting to explore options or ready to make an offer, our experts will help you get mortgage-ready with clarity and confidence.

Use our FHA loan calculator to explore affordability

Connect with a Salute Mortgage loan advisor to walk you through your best options.

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