Fha Mortgage Calculator With Closing Costs

Monthly Payment: $0

Buying a home is a significant financial commitment, and if you’re considering an FHA (Federal Housing Administration) mortgage, you’ll want to know what your monthly payments will look like, including closing costs. Fortunately, our FHA Mortgage Calculator With Closing Costs can help you quickly estimate your monthly payments, making the home-buying process more transparent and manageable.

Formula: To calculate your monthly mortgage payment, including closing costs, our calculator uses the following formula:

Monthly Payment = (Loan Amount + Closing Costs) * (Monthly Interest Rate * (1 + Monthly Interest Rate) ^ (Loan Term * 12)) / ((1 + Monthly Interest Rate) ^ (Loan Term * 12) – 1)

How to Use: Using our FHA Mortgage Calculator With Closing Costs is straightforward. Follow these steps:

  1. Enter the loan amount you’re considering.
  2. Input the annual interest rate as a percentage.
  3. Specify the loan term in years.
  4. Enter the estimated closing costs for the mortgage.
  5. Click the “Calculate” button to get your monthly payment estimate.

The result will be displayed below the form, showing your estimated monthly mortgage payment, including closing costs.

Example: Suppose you are considering an FHA mortgage with a loan amount of $250,000, an annual interest rate of 4.5%, a loan term of 30 years, and closing costs of $5,000. After plugging these values into the calculator and clicking “Calculate,” you’ll see an estimated monthly payment of $1,267.98.


Q1: What is an FHA mortgage? A1: An FHA mortgage is a type of home loan insured by the Federal Housing Administration, designed to make homeownership more accessible with lower down payments and more flexible credit requirements.

Q2: How are closing costs calculated? A2: Closing costs typically include fees for services such as appraisals, inspections, title insurance, and more. Our calculator allows you to input your estimated closing costs.

Q3: Is the calculated monthly payment accurate? A3: The calculated monthly payment is an estimate and may not include all potential costs. Consult with a lender for precise figures.

Conclusion: Our FHA Mortgage Calculator With Closing Costs is a valuable tool for prospective homebuyers seeking to understand their potential monthly mortgage payments. Remember that this calculator provides estimates, and actual payments may vary. When you’re ready to take the next steps toward homeownership, consult with a lender or mortgage professional to get more precise financial information tailored to your specific situation.

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