Fha Loan Calculator With Closing Costs

Loan Amount:
Interest Rate:
Loan Term (Years):
Closing Costs:
Total Repayment: $


Understanding the intricacies of an FHA loan, including closing costs, can be a daunting task. This article aims to simplify that process by offering an FHA Loan Calculator with Closing Costs, along with a comprehensive guide to help you navigate the details.


The formula to calculate the total repayment amount for an FHA loan with closing costs is as follows:

Total Repayment = (Monthly Payment × Loan Term in Months) + Closing Costs

How to Use

  1. Input the loan amount you wish to borrow.
  2. Enter the annual interest rate in percentage.
  3. Provide the loan term in years.
  4. Include any closing costs you anticipate.
  5. Click the “Calculate” button to get the estimated total repayment.


If you are taking an FHA loan of $200,000 with a 3.5% interest rate for 30 years and expect $5,000 in closing costs:

Total Repayment = ($955.99 (Monthly Payment) × 360 (Loan Term in Months)) + $5,000 = $344,159.59


  1. What are closing costs?
    • Closing costs are fees paid at the closing of the loan, which can include appraisal, underwriting fees, and more.
  2. Is the interest rate the same for all FHA loans?
    • No, the interest rate can vary depending on the lender and your credit score.
  3. How accurate is this calculator?
    • The calculator provides an estimate, but actual amounts may vary.
  4. Are FHA loans only for first-time homebuyers?
    • No, FHA loans are available to repeat buyers as well.
  5. Can the loan term be more than 30 years?
    • FHA loans typically range from 15 to 30 years.
  6. What is included in the monthly payment?
    • The monthly payment usually consists of the principal and the interest.
  7. Are taxes and insurance included in this calculator?
    • No, this calculator focuses only on the loan amount, interest, term, and closing costs.
  8. How does my credit score affect the interest rate?
    • A higher credit score may get you a lower interest rate.
  9. Is down payment included in the calculator?
    • No, the down payment is separate from the loan amount.
  10. Can I pay off my FHA loan early?
    • Yes, but check your loan agreement for any prepayment penalties.
  11. Do FHA loans require mortgage insurance?
    • Yes, you’ll need to pay both upfront and annual mortgage insurance premiums.
  12. What is the minimum loan amount for an FHA loan?
    • The minimum can vary, but it’s usually around $50,000.
  13. Is there an upper limit for closing costs?
    • There’s no set upper limit, but they usually range from 2% to 5% of the loan amount.
  14. Can the seller pay for the closing costs?
    • Yes, sellers can contribute, but there are limits on how much they can pay.
  15. What happens if I default on an FHA loan?
    • The lender can seize the property through foreclosure.
  16. Are co-signers allowed for FHA loans?
    • Yes, having a co-signer can improve your eligibility.
  17. Do I have to be a U.S. citizen for an FHA loan?
    • No, but you do need legal residency and a Social Security number.
  18. How soon can I apply for an FHA loan after bankruptcy?
    • It varies, but you generally need to wait at least two years.
  19. Can I roll closing costs into the loan amount?
    • In some cases, you can, but it will increase your loan amount and monthly payments.
  20. Is an FHA loan assumable?
    • Yes, FHA loans are assumable, meaning another person can take over the loan under the same terms.


Our FHA Loan Calculator with Closing Costs provides a simplified way to get a ballpark figure for your total repayment over the loan term. This guide has aimed to provide you with all the information you may need to make an informed decision. For the most accurate estimates, consult professionals in the field.

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