FHA Down Payment Calculator with Closing Costs

Have you ever felt overwhelmed by the complexities of securing a mortgage? When it comes to FHA loans, understanding your closing costs and down payment options is important to making informed decisions. This article will examine the FHA Loan Closing Costs and Down Payment Calculator, shedding light on the financial commitments involved in home purchasing. By the conclusion, you will not only be equipped with the knowledge to assess these figures but also feel empowered to begin on your homebuying journey with confidence.

Loan Information

Home Price ($)

Down Payment (3.5% FHA Minimum)

Custom Down Payment ($)

Interest Rate (%)

Loan Term

FHA Loan Limit

Custom FHA Loan Limit ($)

Property Details

Annual Property Tax

Custom Annual Property Tax ($)

Annual Home Insurance

Custom Annual Home Insurance ($)

Monthly HOA Fee ($)

Debt-to-Income Ratio Calculation

Gross Monthly Income ($)

Monthly Debt Payments ($)

Cash to Close Calculation

Estimated Closing Costs

Custom Closing Costs ($)

Seller Paid Closing Costs

Custom Seller Contribution ($)

Estimated Prepaids

Custom Prepaids ($)

2025 FHA Guidelines

Single-Family Loan Limits: $524,225 (Most areas) to $1,209,750 (High-cost areas)

Multi-Unit Limits: Two-unit: $671,200-$1,548,975 | Three-unit: $811,275-$1,872,225 | Four-unit: $1,008,300-$2,326,875

Minimum Down Payment: 3.5% with credit score 580+, 10% with credit score 500-579

DTI Guidelines: Front-end ratio 31% max (includes mortgage, taxes, insurance, HOA), Back-end ratio 43% max (up to 57% with compensating factors)

MIP Duration: Loans over 90% LTV require MIP for loan life; 90% LTV and below can cancel after 11 years

Seller Contributions: Maximum 6% of home price toward buyer's closing costs

This calculator estimates your FHA monthly mortgage payment, including property taxes, homeowner’s insurance, MIP, and any HOA fees. You can adjust the percentage-based figures by selecting Custom Amount if you know the exact costs or prefer to use your own values.
FHA loan limits vary by county across the United States. To find your county’s exact loan limit, visit the official HUD lookup tool: https://entp.hud.gov/idapp/html/hicostlook.cfm
Once you have your county’s limit, you can enter it in the Custom Amount field to replace the preset value.