FHA, VA, USDA & Conventional
Mortgage Payment Calculators
What's My Payment? uses REAL mortgage loan program specifics, including
FHA, VA, & USDA, to calculate estimated
mortgage payments. No more wondering why the payment your lender quoted is
different from other calculators found online.
Whether you're an experienced homebuyer or you're purchasing your first, overwhelmed might describe your current state.
The tools on www.whatsmypayment.com were built specifically to ease your mind while home shopping.
Calculating an FHA payment is tricky. It includes upfront mortgage insurance and
an annual mortgage insurance premium that is paid monthly as part of your FHA payment. Our
FHA loan calculator does
the work for you. Shop with confidence knowing you're prepared for your monthly payment.
Many first-time homebuyers (experienced buyers, too) look to FHA for their home mortgage. The perks of
FHA loans include lower down payment (only 3.5%) than traditional conventional loans, more lenient credit standards,
and very competitive interest rates.
If you meet USDA requirments, finding a better mortgage option than a USDA loan will prove a challenge.
USDA loans require no down payment, carry competitive interest rates, and will often result in a
lower mortgage payment than a comparable FHA loan.
There are income and property restrictions, but if your purchase qualifies, USDA loans are a great option.
Check the USDA
website for more eligibility requirements.
If you are a veteran or active service member, your VA home loan benefits permit you to purchase
a new home without having to make a down payment. This is a considerable benefit that only our
military and their spouses are afforded.
VA loans include a funding fee that impacts your monthly payment. Our VA loan calculator
determines your funding fee and factors it into your VA loan amount, so
the payment for which you are budgeting is accurate.
We work hard optimizing www.whatsmypayment.com for phones and tablets.
We appreciate the use of our calculators
while out shopping for your new home. Please email us any feedback
or ideas you may have to make our site better.