Mortgage · Free calculator

FHA Loan Affordability Calculator

See what an FHA-backed purchase supports at a 3.5% deposit, and how the price responds to income and debt changes.

Short answer

FHA Loan Affordability Calculator

$269,744Affordable price

Lenders usually cap total debt near 36% of gross income. That leaves $1,633 a month, which borrows about $255,744 — $269,744 with your $14,000 down.

How it's calculated: $1,633 a month at 6.6% over 30 years Adjust the inputs below to recalculate for your own numbers.

Country context

Tailor estimates to 🇺🇸 United States

All math runs in USD. We overlay United States-specific tax and cost assumptions + show local-currency equivalents at an approximate FX rate.

Transfer tax / stamp duty

1.00%

One-time on purchase

Annual property tax

1.10%

of assessed value

Rental income tax

22.0%

indicative effective

Typical mortgage rate

7.00%

Gross yield: 5–9%

🇺🇸 United States note: Property tax varies massively by state (0.3% Hawaii → 2.2% NJ). 1031 exchange can defer capital gains on investment property. Tax rates are national midpoints — they vary by region, residency, and property type. FX shown at an approximate USD reference rate (updated periodically). This is an educational tool, not legal, tax, or investment advice.

New here? Watch it work in 2 seconds — then tweak it for you.

Gross annual income$70,000

Existing monthly debt payments$400

Car loans, student loans, credit card minimums and child support

Down payment / cash available$14,000

Interest rate6.6%

Loan term (years)30

Try it like this

Tap a scenario to load realistic numbers, then tweak the sliders.

Related calculators

USDA Loan Affordability Calculator Dual-Income Mortgage Affordability Calculator All calculators

Formula used

Affordability formula

FHA exists to make purchases possible at lower deposits and credit scores, at the price of mortgage insurance that stays on the loan. The calculator applies this formula to your own numbers so the answer reflects your situation rather than a generic example.

Max payment = min(36% × monthly income − debts, 28% × monthly income); Loan = payment × [(1 − (1 + i)^−n) ÷ i]; Price = loan + down payment

Model

Debt-to-income affordability model

Planning benchmark

FHA allows 3.5% down at qualifying credit scores and permits higher debt ratios than conventional loans

Updated

2026

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Source: [FHA Loan Affordability Calculator — RevenueLab](https://www.revenuelab.fyi/fha-loan-affordability-calculator) (2026).

Why the fha loan affordability calculator matters

FHA exists to make purchases possible at lower deposits and credit scores, at the price of mortgage insurance that stays on the loan. This page turns that decision into a handful of inputs you can defend in a budget review: volume, unit cost, rate of adoption, and time. The output is a planning baseline, not a promise — it tells you whether the idea deserves a vendor quote, a pilot, or a pass.

• Biggest swing factor: the mortgage insurance premium eating into payment capacity
• Second-order factor: monthly debt already committed
• Often ignored: the interest rate

What actually changes the answer

the mortgage insurance premium eating into payment capacity moves this number first, then monthly debt already committed. Run a conservative case and an upside case before you commit. If the maths only works in the upside case, treat it as a time-boxed test with a kill date rather than a line in next year's plan.

What to do with the result

Compare the FHA scenario with a conventional one at the same price. The insurance difference often decides it.

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FAQ

What does the fha loan affordability calculator work out?

It applies Max payment = min(36% × monthly income − debts, 28% × monthly income); Loan = payment × [(1 − (1 + i)^−n) ÷ i]; Price = loan + down payment to the values you enter for gross annual income, existing monthly debt payments, down payment / cash available, interest rate, loan term (years). FHA exists to make purchases possible at lower deposits and credit scores, at the price of mortgage insurance that stays on the loan.

How accurate is this fha loan affordability calculator?

Excludes FHA mortgage insurance premiums, which materially reduce the price you can support. Ask a lender for the all-in figure. Replace the defaults with your own invoice, usage export, payroll data, statement, or vendor quote before making a commitment — the maths is exact, so the answer is only as good as the inputs you feed it.

Which input should I stress-test first?

the mortgage insurance premium eating into payment capacity. Re-run with a pessimistic value for it; if the decision flips, that assumption is the thing you need real data on before signing anything. After that, check monthly debt already committed and the interest rate.

Which scenario should I start from?

Start with the preset closest to your situation — cautious budget, today's numbers, stronger position — then edit the sliders. Presets are realistic starting points, not benchmarks to match, and every change updates the result instantly.

What should I do after running the numbers?

Compare the FHA scenario with a conventional one at the same price. The insurance difference often decides it. A useful planning benchmark to compare against: FHA allows 3.5% down at qualifying credit scores and permits higher debt ratios than conventional loans.

Can I share or save this calculation?

Yes. Your inputs are written into the page URL, so copying the link shares the exact scenario you are looking at — the person who opens it sees the same numbers. You can also export the inputs and results to CSV or PDF from the result card and keep it with the rest of your workings.

How this calculator is built

Independently maintained

Written by Sam Doshi and the RevenueLab editorial team. We don't sell the data feeds this tool is built on.

Sourced from primary data

Benchmarks come from public AdSense / Stripe / IRS disclosures and reader-submitted data — never third-party "$X per view" claims. Full methodology.

Last editorial review

Reviewed on a rolling quarterly cycle. Dated reviews are published on the methodology record for each calculator.

Editorial standards

See our editorial policy and disclaimer. Results are estimates, not advice.

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