Start with affordability
Test home price, down payment, and estimated income considerations.
See how home price, down payment, interest rate, mortgage insurance, taxes, homeowners insurance, and HOA dues can shape the monthly cost of buying a home.
Planning estimate only: the result is not a loan approval, quote, loan estimate, or commitment to lend. Final payment and qualification depend on verified information, current rates, underwriting, property details, and lender requirements.
Build your estimate
Test home price, down payment, and estimated income considerations.
Account for principal, interest, mortgage insurance, taxes, home insurance, and HOA dues.
Use the estimate to prepare better questions before eligibility or pre-approval.
Live FHA affordability calculator
Enter your planning numbers to explore a potential FHA home price and payment range. Adjust the inputs to see how income, debts, down payment, rate, taxes, insurance, and HOA dues can change the estimate.
The result is an estimate based on the information entered. It is not a qualification, approval, loan estimate, quote, or commitment to lend.
If the calculator does not appear, open it directly:
Open the FHA affordability calculator →Final qualification depends on verified income, debts, credit, assets, property eligibility, current FHA requirements, underwriting, and applicable lender or investor guidelines.
Start with affordability
An affordability estimate begins with the monthly payment you may be able to manage—not just the purchase price. The calculator helps connect your income, debts, down payment, and housing costs.
Enter the income and monthly obligations you want to use for planning. A lender will later verify the income, debts, documentation, and qualifying method.
The purchase price and down payment influence the amount borrowed, cash needed, and estimated monthly payment.
Account for principal, interest, FHA mortgage insurance, property taxes, homeowners insurance, and HOA dues.
Test different home prices, down payments, rates, and monthly costs to see how the estimate changes before you start making offers.
The estimate does not replace verified income, credit review, debt documentation, FHA underwriting, property eligibility, or lender-specific requirements.
Good planning question: “What monthly payment feels sustainable after taxes, insurance, MIP, HOA dues, and the rest of my budget—not just what a calculator says may be possible?”
Use the live FHA affordability calculator to test your own numbers, then bring the estimate into a conversation about eligibility and next steps.
Calculate FHA affordability →General planning information only. FHA qualification depends on current FHA requirements, verified borrower information, property eligibility, underwriting, and applicable lender or investor guidelines.
Look beyond principal and interest
A realistic estimate should account for the costs that may arrive with the mortgage payment, not just the principal and interest shown in a basic calculator.
Complete monthly estimate
Your result depends on the numbers entered, the property, the loan terms, and current estimates for taxes, insurance, and mortgage insurance.
P + I + MIP + taxes + insurance + HOAThe portion of the payment that reduces the amount borrowed.
The financing cost based on the loan balance, rate, and term.
FHA upfront and annual/monthly MIP can affect the loan and payment.
Taxes vary by property location, assessed value, and local charges.
The premium helps protect the property and is commonly estimated monthly.
Association dues may apply to condos, townhomes, and other communities.
The upfront mortgage insurance premium may be financed entirely into the FHA mortgage or paid entirely in cash, subject to FHA requirements.
The annual premium is payable monthly, and its rate and duration depend on factors such as term, base loan amount, and original loan-to-value ratio.
Planning tip: compare the complete payment—not only the principal-and-interest number—before deciding whether a home fits your monthly budget.
General planning information based on FHA Handbook 4000.1 mortgage-insurance provisions. Calculator results are estimates, not a loan estimate, approval, or commitment to lend. Confirm current FHA requirements and lender-specific calculations.
Live FHA mortgage payment calculator
Use the payment calculator to review principal, interest, FHA mortgage insurance, property taxes, homeowners insurance, and HOA dues when applicable.
Change one input at a time—such as price, down payment, rate, term, taxes, insurance, or HOA dues—to understand what is driving the result.
If the calculator does not appear, open it directly:
Open the FHA payment calculator →Planning estimate only. Results are not a loan estimate, quote, approval, or commitment to lend. Final payment depends on verified information, current rates, loan terms, property details, FHA requirements, underwriting, and lender calculations.
Cash needed to buy
A strong FHA estimate separates the down payment from closing costs, prepaid expenses, initial escrow deposits, and any credits or assistance that may apply.
FHA’s Minimum Required Investment is at least 3.5% of the adjusted value for the applicable standard program, subject to program rules and the borrower’s eligibility.
The upfront mortgage insurance premium may be financed into the mortgage or paid entirely in cash. Financing it can increase the balance and principal-and-interest payment; paying it in cash can increase cash needed at closing.
Keep reserves in the conversation. The lowest possible cash to close is not always the strongest plan if it leaves no funds for moving, repairs, maintenance, emergencies, or the first months of homeownership.
FHA baseline references: FHA Handbook 4000.1, II.A.2.c, Required Investment, and II.A.2.e, Mortgage Insurance Premiums. Uploaded 2026 handbook last revised August 12, 2026. Actual cash to close depends on the contract, loan terms, verified funds, credits, prepaids, assistance, and lender requirements.
Rate and term matter
Interest rate and loan term change the principal-and-interest portion of the payment. Your FHA mortgage insurance, taxes, insurance, and HOA costs still need to be considered alongside that number.
A 30-year term generally spreads repayment over more months, which can lower the required principal-and-interest payment compared with a shorter term.
A shorter term generally pays the balance down faster and may reduce total interest, but the required principal-and-interest payment is typically higher.
Compare apples to apples: when testing two scenarios, keep the home price and payment components consistent, then change one input at a time—such as rate, term, down payment, or HOA dues.
General planning information only. FHA Handbook 4000.1 states that the maximum mortgage term may not exceed 30 years from the date amortization begins. Rates, terms, payment results, and qualification depend on current market conditions, verified information, underwriting, property details, and lender requirements.
The FHA insurance line
FHA mortgage insurance is separate from homeowners insurance. The calculator should account for the upfront premium and the annual premium collected in monthly installments.
Most FHA mortgage-insurance programs require an upfront premium. It may be financed into the mortgage or paid entirely in cash, which changes either the loan balance or the cash needed at closing.
The annual premium is collected in monthly installments. The amount depends on factors including the mortgage term, base loan amount, and loan-to-value ratio.
Using a $350,000 base loan and the standard 1.75% upfront premium:
$6,125upfront MIP if financed: $356,125 total before other adjustmentsDo not confuse the two: FHA mortgage insurance protects the FHA insurance program and affects the mortgage calculation. Homeowners insurance protects the property and is a separate housing expense.
Source: FHA Handbook 4000.1, II.A.2.e, Mortgage Insurance Premiums. The uploaded 2026 handbook states a 175-basis-point upfront premium unless otherwise stated in the applicable program or MIP chart; confirm current FHA guidance and lender calculations. Example is illustrative only.
Income and monthly obligations
The affordability calculator helps you explore a scenario using the information you enter. A lender’s later review may use different qualifying calculations after income, debts, credit, assets, and documentation are verified.
Use the income information requested by the calculator for planning.
Existing obligations can affect the payment range a lender may consider.
The proposed payment should include the complete housing expense.
Why results can differ: an affordability tool is a planning model. Final qualifying income, debt-to-income analysis, credit requirements, compensating factors, AUS findings, property eligibility, and lender overlays are determined during the actual review.
General planning information only. Calculator results are not an approval, pre-approval, loan estimate, quote, or commitment to lend. Confirm income, debt, credit, property, underwriting, current FHA requirements, and lender-specific calculations.
FHA calculator questions
Use these answers to understand what the calculator can help you explore—and what still requires a lender’s review.
The affordability calculator helps you test a potential price range using the income, debts, down payment, rate, and housing-cost inputs you provide. It is a planning estimate, not a determination of what you will be approved to borrow.
A complete estimate should account for principal, interest, FHA mortgage insurance, property taxes, homeowners insurance, and HOA dues when applicable.
A calculator can estimate FHA mortgage insurance, but the amount depends on loan details and current FHA requirements. FHA MIP is separate from homeowners insurance.
For the standard FHA program, the Minimum Required Investment is at least 3.5% of the adjusted value, subject to program rules and borrower eligibility. Your total cash needed may be higher after closing costs, prepaids, and other transaction expenses.
Payment calculators primarily estimate the monthly payment. Cash-to-close planning should separately consider the down payment, borrower-paid transaction costs, prepaid expenses, initial escrow deposits, credits, deposits, and assistance.
There is not one universal income number. The answer depends on the proposed payment, monthly debts, credit, assets, property, documentation, and the lender’s qualifying analysis. Use the affordability calculator to explore a scenario, then request an eligibility review.
Use a realistic planning rate and test more than one scenario. Rates change with market conditions, loan characteristics, pricing, and lender requirements, so a calculator result is not a rate quote.
HOA dues should be included when they apply to the property. They can materially change the complete monthly housing cost for a condominium, townhome, or planned community.
No. The result is an estimate based on entered information. Approval or pre-approval requires verified documentation, credit and asset review, underwriting, FHA and property eligibility, and applicable lender or investor requirements.
The affordability calculator helps explore a potential price range. The payment calculator helps examine the monthly housing cost. Using both creates a more useful planning conversation.
General educational information only. FHA requirements, mortgage-insurance calculations, rates, loan limits, property eligibility, underwriting standards, and lender overlays can change. Confirm the current requirements for your scenario.
Turn the estimate into a plan
Explore a price range, review the complete payment, or move into a documented eligibility conversation when you are ready.
Prefer to talk first? Call or text 435-500-2612, or email [email protected].
This page provides general educational information and calculator estimates only. It is not a loan estimate, approval, pre-approval, quote, or commitment to lend. Final qualification and payment depend on verified information, current rates, FHA and property eligibility, underwriting, documentation, and applicable lender or investor requirements. FHA Loan Utah is not a government agency and is not affiliated with HUD or the U.S. Government.