FHA mortgage calculator 2026
FHA mortgages are typically originated by FHA-approved lenders and insured by the Federal Housing Administration (FHA), which operates within HUD. This page estimates principal-and-interest payments and generates an amortization schedule for an FHA-insured loan scenario. It does not determine approval, underwriting outcomes, mortgage insurance premiums, or any program-specific fees.
Estimates only. Loan terms and approval depend on lender underwriting.
FHA Mortgage Calculator
Mortgage Result
Enter loan details to calculate.
How it works
The estimate is based on standard amortization math: a loan amount is repaid over a fixed term with interest, producing a level principal-and-interest payment and a month-by-month schedule. FHA mortgage insurance is separate from this calculation. FHA provides mortgage insurance on loans made by FHA-approved lenders, and program requirements and lender credit and documentation standards are handled outside the estimator.
Examples
Example: A borrower models a fixed-rate loan over a chosen term and interest rate. Early payments are interest-heavy, and the principal portion grows as the balance declines. Adding extra payments reduces the outstanding balance sooner and can lower total interest compared with the same loan without extra payments, while still using the same amortization formula.
Limitations and important notes
This calculator estimates principal and interest only. It does not include FHA mortgage insurance premiums (upfront or annual), closing costs, property taxes, homeowners insurance, or escrowed items. FHA program rules and lender requirements vary by borrower and transaction, and the final loan terms and disclosures come from the originating lender.
FAQs
Is an FHA mortgage issued by the government?
FHA does not directly make most home loans. FHA provides mortgage insurance on loans made by FHA-approved lenders, and the lender originates the loan and provides the final terms and disclosures.
Does this FHA mortgage calculator include FHA mortgage insurance premiums?
No. The estimate is principal and interest only. FHA mortgage insurance premiums can include an upfront premium and an annual premium collected monthly, and they are not computed by this tool.
Do FHA loans allow a low down payment?
FHA loans are designed to expand access to homeownership and are insured by the Federal Housing Administration. Specific down payment requirements are defined by official FHA guidelines and the originating lender.
Does using this calculator mean I’m approved for an FHA loan?
No. This tool does not evaluate eligibility, credit, income, or underwriting. FHA-insured mortgages are made by FHA-approved lenders, and approval depends on the lender’s underwriting and required documentation.
Calculations are simplified and for guidance only. Always double-check results and current rules with official sources or a qualified professional before making financial decisions.