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FHACalc
FHA loans let you buy with as little as 3.5% down — see what your payment would be.
FHA loans are insured by the Federal Housing Administration and designed for borrowers with lower credit scores (580+ for 3.5% down, 500–579 for 10% down). They have more flexible qualification requirements but require mortgage insurance premiums (MIP) — both upfront (1.75% of loan) and annual (0.55–1.05% depending on term and LTV).
FHA loans are ideal for first-time buyers with limited savings or credit scores below 700. Once you have 20%+ equity and a 700+ score, refinancing to conventional removes ongoing mortgage insurance. FHA loans have loan limits that vary by county.
Estimate monthly payments with taxes, insurance, and amortization.
OpenProperty price, down payment, tenure — EMI, processing fee, and stamp duty & registration.
OpenCompare loan terms and see total interest paid.
OpenProject growth from deposits and compounding interest.
OpenWhat you entered
Convert the annual rate to a monthly rate
r = 7.5% ÷ 12= 0.6250%Total number of monthly payments
n = 5 years × 12= 60 paymentsApply the amortizing-loan formula
M = P × [r(1+r)ⁿ] / [(1+r)ⁿ − 1]= $500.95/moTotal paid over the full term
$500.95 × 60 payments= $30,056.92Total interest paid
$30,056.92 − $25,000.00 principal= $5,056.92Result
Monthly payment: $500.95
Over 5 years you'll pay $5,057 in interest on top of the $25,000 you borrowed — $30,057 total.