FHA Mortgage Calculator
California Mortgage Finder’s FHA mortgage calculator can help you estimate your total monthly payment on an FHA mortgage. It’s easy, simple, and fast.
Making FHA Easier To Understand
Our straightforward FHA mortgage calculator helps you easily understand your total FHA mortgage payment. Unlike other mortgage websites, we give you all the necessary FHA-specific fields to ensure you get the complete picture of what your total estimated FHA mortgage payment will look like. It takes less than a minute to enter the necessary information, and instantly you’ll see the result.
FHA Mortgage Calculator Disclosure
California Mortgage Finder’s FHA mortgage calculator is for illustrative and informational purposes. It is not tax, investment, or financial advice. It does not provide quotes, and it does not provide a lending guarantee. Please consult with a licensed and qualified professional before making any decisions. If you would like to explore the rates and costs associated with buying a home using an FHA mortgage, please contact us directly to discuss.
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Things You Should Know
Do I Have To Include My Property Taxes and Insurance With My FHA Mortgage Payment?
Yes, you do; it’s an FHA requirement. Also, your monthly mortgage insurance premium payment (an FHA requirement) will be included with your mortgage payment.
Is FHA Mortgage Insurance A Tax Deduction?
Tax laws can change from year to year. Talk with a licensed tax professional to determine if your FHA mortgage insurance is a legitimate tax deduction.
I Have Bad Credit, Can I Get An FHA Mortgage?
If your credit score is above 620, you are most likely eligible for an FHA mortgage (provided you meet the other requirements for income, etc). If it’s below a 620, then you might have some difficulty compared to those with a 620 or higher credit score, but it’s possible.
Can I Refinance My FHA Mortgage To Get Rid Of The FHA Mortgage Insurance?
Yes, there are no restrictions associated with refinancing your FHA mortgage. However, all FHA mortgages have mortgage insurance, so if you want to eliminate it, you’ll need to look at a conventional mortgage loan.
How Fast Can I Close With An FHA Mortgage?
If it’s an FHA Streamlined refinance, you can sometimes close in two to three weeks. Otherwise, the general time frame to close an FHA mortgage is 25-30 days from the date we receive all of your documentation.
FHA Mortgage Resources
California FHA Loan Limits
Each year, the California FHA loan limits are updated. Homebuyers and homeowners can determine their loan limit based on the county where the property is located.
FHA Mortgage Insurance
If you decide to obtain an FHA mortgage, you’ll then have something called “FHA Mortgage Insurance.” Learn the ins and outs of what FHA Mortgage Insurance is.
FHA Streamline Refinance
Here you’ll discover the benefits and requirements of doing an FHA Streamline Refinance. It’s one of the best refinance programs in California.