Your Monthly Payment will be
Your loan amount is which includes FHA upfront MIP of
Get a Feel For Your Federal Housing Administration Loan Options
Whether you’re looking to clarify an FHA loan quote, are wondering just how much you can afford, or are beginning the comparison process, our free FHA loan calculator is a great resource to put to use!
When you better understand what all the percentages mean and how they impact your monthly payments, you build a solid foundation on which to negotiate. It’s vital that you know just how much you can afford every month before you start working with several lenders. You don’t want to get caught up in a situation that stretches you financially.
Evaluate All Options
Even if you end up deciding to go with your first offer, you should never simply take the first one that comes along. You gain more knowledge every time you speak with a lender and will be able to get a feel for the market. This will also help you work towards being an expert negotiator!
If you decide that an FHA loan isn't a feasible option for you right now, don't hesitate to put our calculator to use again as soon as your financial situation has changed!