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Estimate your FHA Home Loan

With Austin Capital Mortgage, you can easily estimate your monthly mortgage payments. Put your assumptions on the home you want to buy, and we’ll quickly calculate an estimated monthly payment.

FHA Home Loan Calculator

An FHA loan calculator is an online tool that helps you calculate your estimated monthly mortgage payments for a home loan backed by the Federal Housing Administration (FHA). It takes into account factors such as the home price, down payment amount, interest rate, and other variables to give you an idea of what your monthly payments might be.

To use an FHA loan calculator, you typically input the following information:

  • Home price
  • Down payment amount (usually a minimum of 3.5% of the home price)
  • Interest rate
  • Loan term (usually 15 or 30 years)
  • Property tax rate
  • Homeowner's insurance cost

The calculator will then generate an estimated monthly mortgage payment, which includes the principal and interest on the loan, as well as property taxes and homeowner's insurance.

Keep in mind that the FHA loan calculator is an estimate and your actual mortgage payment may vary based on additional factors such as your credit score, debt-to-income ratio, and other loan terms. It's always a good idea to consult with a mortgage professional to get a more accurate idea of what your monthly mortgage payments will be.

Estimate your FHA Loan payment:

    5. 2.957% APR Estimated rate, yours may differ.
    7. FHA Purchase Loan
    8. Property taxes are generally estimated to be 1.8% of the home's value, but may vary based on your location. Your Loan Officer can help you determine property tax rates in your area.
    9. Annual homeowners insurance is typically 0.35% of the home's value but can vary based on insurer.

Your Estimated
Monthly Payment:
 $910

  • Principal & Interest $611
  • Taxes $150
  • Insurance $44
  • Annual MIP $104

Loan Totals:

  • Purchase Price $150,000
  • Down Payment $5,250
  • Upfront MIP $2,533
  • Total Loan Amount $147,283

Estimated Taxes & Insurance: Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.

Annual MIP The Annual MIP ranges from 0.45% to 1.05% depending on loan term, loan amount and down payment. However, for most FHA borrowers, the Annual MIP is 0.85% of the loan amount. The Annual MIP can last for the life of the loan, or be removed after 11 years if the original down payment is 10% or more.

Upfront MIP The Upfront MIP, sometimes referred to as the FHA funding fee, is 1.75% of the loan amount. This fee is due at closing and is typically financed into the entire loan amount to reduce out of pocket costs.

Amount Financed Purchase Price (-) Down Payment (+) Upfront MIP

Estimated Monthly Payment:
$910
See Payment Breakdown