Advanced FHA Loan Calculator

Calculate your complete monthly payment including taxes, insurance, HOA fees, and mortgage insurance.

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Amortization Schedule
About This Calculator

Advanced FHA Loan Calculator

Enter the details below to calculate your complete monthly payment.

Loan Details

FHA loans require a minimum 3.5% down payment.

Property Expenses

Typically 0.5% to 2.5% of home value, varies by location.
Typically $800 to $2,000 per year for a single-family home.
If applicable. Enter 0 if no HOA fees.

What's Included in This Calculator

Our advanced calculator provides a complete breakdown of your monthly payment, including:

  • Principal and interest payment
  • FHA mortgage insurance premiums (upfront and annual)
  • Property taxes
  • Homeowners insurance
  • HOA fees (if applicable)

Need a Simpler Calculator?

Try our Basic FHA Calculator for a quick estimate with minimal inputs.

Understanding PITI: Your Complete Mortgage Payment

What is PITI?

PITI stands for Principal, Interest, Taxes, and Insurance. It represents the four main components of a typical mortgage payment:

Principal

The portion of your payment that reduces the loan balance.

Interest

The cost of borrowing money, calculated as a percentage of your remaining loan balance.

Taxes

Property taxes assessed by your local government, typically collected monthly as part of your mortgage payment and held in escrow.

Insurance

Homeowners insurance and, for FHA loans, mortgage insurance premiums (MIP).

Why PITI Matters

Understanding your complete PITI payment is crucial for several reasons:

  • Budgeting: Knowing your full monthly housing cost helps you budget accurately.
  • Loan Qualification: Lenders use PITI to calculate your debt-to-income ratio.
  • Affordability: PITI gives you a more realistic picture of what you can afford.

FHA Loans and PITI

For FHA loans, your PITI payment also includes:

  • Upfront MIP: Usually financed into the loan amount
  • Annual MIP: Paid monthly as part of your mortgage payment

Our Advanced FHA Loan Calculator provides a complete breakdown of all these components to give you the most accurate estimate of your monthly payment.

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