MortgageCalcToolsby tuditools.com

FHA Loan Calculator for Texas

Free fha loan calculator tailored for Texas (TX). Calculate instantly with state-specific rates and rules.

Home Price ($)

Down Payment (%)

Interest Rate (%)

Loan Term

Upfront MIP (%)

Annual MIP (%)

Down Payment

Base Loan Amount

Upfront MIP

Total Loan (with UFMIP)

Monthly Payment (P&I)

Monthly MIP

Total Monthly (P&I + MIP)

Total Interest Over Life

Total Cost (all payments)

FHA Loans in Texas

FHA loan limits in Texas vary by county. High-cost counties in Texas may have higher FHA limits than the standard floor. Check the HUD website for specific FHA loan limits in your Texas county.

Texas homebuyers can benefit from FHA loans especially if they have lower credit scores or limited down payment funds. Many Texas first-time homebuyer programs can be combined with FHA financing for additional assistance.

FHA Loan Calculator for Other States

Frequently Asked Questions

What is the FHA loan limit in Texas?

FHA loan limits in Texas vary by county. Some Texas counties have higher limits due to higher median home prices. Check the HUD FHA loan limit lookup tool for the specific limit in your Texas county.

Can I combine FHA with Texas down payment assistance?

Yes, many Texas first-time homebuyer and down payment assistance programs can be used in conjunction with FHA loans. Contact your Texas housing finance agency for details on available programs and eligibility requirements.

Are FHA loans popular in Texas?

FHA loans are popular among first-time homebuyers in Texas, particularly in markets where conventional loan requirements are harder to meet. The low down payment requirement makes homeownership more accessible for many Texas residents.

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+v.toLocaleString('en-US',{minimumFractionDigits:2,maximumFractionDigits:2});};window.calcFHA=function(){var price=parseFloat(document.getElementById('fha-price').value)||0;var downPct=parseFloat(document.getElementById('fha-down').value)||3.5;var rate=parseFloat(document.getElementById('fha-rate').value)||0;var term=parseInt(document.getElementById('fha-term').value)||30;var ufmipPct=parseFloat(document.getElementById('fha-ufmip').value)||1.75;var amipPct=parseFloat(document.getElementById('fha-amip').value)||0.55;var downAmt=price*(downPct/100);var baseLoan=price-downAmt;var ufmipAmt=baseLoan*(ufmipPct/100);var totalLoan=baseLoan+ufmipAmt;var r=rate/100/12;var n=term*12;var pi=0;if(r===0){pi=totalLoan/n;}else{pi=totalLoan*(r*Math.pow(1+r,n))/(Math.pow(1+r,n)-1);}var monthlyMIP=baseLoan*(amipPct/100)/12;var totalMonthly=pi+monthlyMIP;var totalInterest=(pi*n)-totalLoan;var totalCost=(totalMonthly*n)+downAmt;document.getElementById('fha-down-amt').textContent=fmt(downAmt);document.getElementById('fha-base-loan').textContent=fmt(baseLoan);document.getElementById('fha-ufmip-amt').textContent=fmt(ufmipAmt);document.getElementById('fha-total-loan').textContent=fmt(totalLoan);document.getElementById('fha-pi').textContent=fmt(pi);document.getElementById('fha-monthly-mip').textContent=fmt(monthlyMIP);document.getElementById('fha-total-monthly').textContent=fmt(totalMonthly);document.getElementById('fha-total-interest').textContent=fmt(totalInterest);document.getElementById('fha-total-cost').textContent=fmt(totalCost);document.getElementById('fha-result').classList.add('show');};})();