FHA Mortgage Calculator
The California Mortgage Finder FHA Mortgage Calculator can help you estimate your monthly payment on an FHA mortgage.
Making FHA Easier To Understand
Our FHA Mortgage Calculator makes it easier to understand an FHA mortgage loan. Our calculator has all the necessary fields to ensure you’re better informed. It takes less than a minute to enter the necessary information, and instantly you’ll see the result. Unlike other mortgage websites, we give you all the necessary FHA-specific fields to ensure you get the complete picture of what your estimated FHA mortgage payment will look like.
CMF Mortgage Calculator Disclosure
California Mortgage Finder’s calculators are for illustrative and informational purposes. They are not tax, investment, or financial advice. They do not provide quotes, and they are not a lending guarantee. Please consult with a licensed and qualified professional before making any decisions. If you want to explore the rates and costs of buying a home, please get in touch with us directly to discuss.
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FHA And 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.
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