Loan | Mortgage | Car | Commercial | Student | Biweekly | Extra Payments | Payoff | Excel |
FHA 203K Loan Calculator to calculate the monthly payment and rehab costs for FHA 203K loans. An FHA 203K loan is used to finance the purchase of a home and renovation into a single mortgage loan.
FHA 203K Mortgage Calculator |
||||||
Home Value: | $320,000.00 | |||||
Mortgage Amount: | $294,566.00 | |||||
Monthly Principal & Interest: | $1,626.60 | |||||
Monthly Extra Payment: | $0.00 | |||||
Monthly Property Tax: | $175.00 | |||||
Monthly Home Insurance: | $60.00 | |||||
Monthly MIP: | $218.73 | |||||
Monthly HOA Fees: | $0.00 | |||||
Total Monthly Payment: |
$2,080.34 |
|||||
Total # Of Payments: | 360 | |||||
Start Date: | Oct, 2024 | |||||
Payoff Date: | Sep, 2054 | |||||
Down Payment: | $11,200.00 | |||||
Principal (includes UFMIP): | $294,566.00 | |||||
Total Extra Payment: | $0.00 | |||||
Total Interest Paid: | $291,011.57 | |||||
Total Tax, Insurance, MIP and Fees: | $163,344.00 | |||||
Total of all Payments: |
$760,121.57 |
|||||
FHA 203K Loan Amortization Schedule |
||||||
Payment Date | Payment # | Interest | Principal | Tax, Insurance, MIP & Fees | Total Payment | Balance |
---|---|---|---|---|---|---|
Oct, 2024 | 1 | $1,288.73 | $337.88 | $453.73 | $2,080.34 | $294,228.12 |
Nov, 2024 | 2 | $1,287.25 | $339.36 | $453.73 | $2,080.34 | $293,888.77 |
Dec, 2024 | 3 | $1,285.76 | $340.84 | $453.73 | $2,080.34 | $293,547.92 |
Jan, 2025 | 4 | $1,284.27 | $342.33 | $453.73 | $2,080.34 | $293,205.59 |
Feb, 2025 | 5 | $1,282.77 | $343.83 | $453.73 | $2,080.34 | $292,861.76 |
Mar, 2025 | 6 | $1,281.27 | $345.33 | $453.73 | $2,080.34 | $292,516.43 |
Apr, 2025 | 7 | $1,279.76 | $346.84 | $453.73 | $2,080.34 | $292,169.58 |
May, 2025 | 8 | $1,278.24 | $348.36 | $453.73 | $2,080.34 | $291,821.22 |
Jun, 2025 | 9 | $1,276.72 | $349.89 | $453.73 | $2,080.34 | $291,471.33 |
Jul, 2025 | 10 | $1,275.19 | $351.42 | $453.73 | $2,080.34 | $291,119.92 |
Aug, 2025 | 11 | $1,273.65 | $352.95 | $453.73 | $2,080.34 | $290,766.96 |
Sep, 2025 | 12 | $1,272.11 | $354.50 | $453.73 | $2,080.34 | $290,412.46 |
Oct, 2025 | 13 | $1,270.55 | $356.05 | $453.73 | $2,080.34 | $290,056.41 |
Nov, 2025 | 14 | $1,269.00 | $357.61 | $453.73 | $2,080.34 | $289,698.81 |
Dec, 2025 | 15 | $1,267.43 | $359.17 | $453.73 | $2,080.34 | $289,339.63 |
Jan, 2026 | 16 | $1,265.86 | $360.74 | $453.73 | $2,080.34 | $288,978.89 |
Feb, 2026 | 17 | $1,264.28 | $362.32 | $453.73 | $2,080.34 | $288,616.57 |
Mar, 2026 | 18 | $1,262.70 | $363.91 | $453.73 | $2,080.34 | $288,252.66 |
Apr, 2026 | 19 | $1,261.11 | $365.50 | $453.73 | $2,080.34 | $287,887.16 |
May, 2026 | 20 | $1,259.51 | $367.10 | $453.73 | $2,080.34 | $287,520.07 |
Jun, 2026 | 21 | $1,257.90 | $368.70 | $453.73 | $2,080.34 | $287,151.36 |
Jul, 2026 | 22 | $1,256.29 | $370.32 | $453.73 | $2,080.34 | $286,781.04 |
Aug, 2026 | 23 | $1,254.67 | $371.94 | $453.73 | $2,080.34 | $286,409.11 |
Sep, 2026 | 24 | $1,253.04 | $373.56 | $453.73 | $2,080.34 | $286,035.54 |
Oct, 2026 | 25 | $1,251.41 | $375.20 | $453.73 | $2,080.34 | $285,660.34 |
Nov, 2026 | 26 | $1,249.76 | $376.84 | $453.73 | $2,080.34 | $285,283.50 |
Dec, 2026 | 27 | $1,248.12 | $378.49 | $453.73 | $2,080.34 | $284,905.01 |
Jan, 2027 | 28 | $1,246.46 | $380.14 | $453.73 | $2,080.34 | $284,524.87 |
Feb, 2027 | 29 | $1,244.80 | $381.81 | $453.73 | $2,080.34 | $284,143.06 |
Mar, 2027 | 30 | $1,243.13 | $383.48 | $453.73 | $2,080.34 | $283,759.58 |
Apr, 2027 | 31 | $1,241.45 | $385.16 | $453.73 | $2,080.34 | $283,374.43 |
May, 2027 | 32 | $1,239.76 | $386.84 | $453.73 | $2,080.34 | $282,987.58 |
Jun, 2027 | 33 | $1,238.07 | $388.53 | $453.73 | $2,080.34 | $282,599.05 |
Jul, 2027 | 34 | $1,236.37 | $390.23 | $453.73 | $2,080.34 | $282,208.82 |
Aug, 2027 | 35 | $1,234.66 | $391.94 | $453.73 | $2,080.34 | $281,816.88 |
Sep, 2027 | 36 | $1,232.95 | $393.66 | $453.73 | $2,080.34 | $281,423.22 |
Oct, 2027 | 37 | $1,231.23 | $395.38 | $453.73 | $2,080.34 | $281,027.84 |
Nov, 2027 | 38 | $1,229.50 | $397.11 | $453.73 | $2,080.34 | $280,630.74 |
Dec, 2027 | 39 | $1,227.76 | $398.84 | $453.73 | $2,080.34 | $280,231.89 |
Jan, 2028 | 40 | $1,226.01 | $400.59 | $453.73 | $2,080.34 | $279,831.30 |
Feb, 2028 | 41 | $1,224.26 | $402.34 | $453.73 | $2,080.34 | $279,428.96 |
Mar, 2028 | 42 | $1,222.50 | $404.10 | $453.73 | $2,080.34 | $279,024.86 |
Apr, 2028 | 43 | $1,220.73 | $405.87 | $453.73 | $2,080.34 | $278,618.99 |
May, 2028 | 44 | $1,218.96 | $407.65 | $453.73 | $2,080.34 | $278,211.34 |
Jun, 2028 | 45 | $1,217.17 | $409.43 | $453.73 | $2,080.34 | $277,801.91 |
Jul, 2028 | 46 | $1,215.38 | $411.22 | $453.73 | $2,080.34 | $277,390.69 |
Aug, 2028 | 47 | $1,213.58 | $413.02 | $453.73 | $2,080.34 | $276,977.67 |
Sep, 2028 | 48 | $1,211.78 | $414.83 | $453.73 | $2,080.34 | $276,562.84 |
Oct, 2028 | 49 | $1,209.96 | $416.64 | $453.73 | $2,080.34 | $276,146.20 |
Nov, 2028 | 50 | $1,208.14 | $418.46 | $453.73 | $2,080.34 | $275,727.73 |
Dec, 2028 | 51 | $1,206.31 | $420.30 | $453.73 | $2,080.34 | $275,307.44 |
Jan, 2029 | 52 | $1,204.47 | $422.13 | $453.73 | $2,080.34 | $274,885.31 |
Feb, 2029 | 53 | $1,202.62 | $423.98 | $453.73 | $2,080.34 | $274,461.32 |
Mar, 2029 | 54 | $1,200.77 | $425.84 | $453.73 | $2,080.34 | $274,035.49 |
Apr, 2029 | 55 | $1,198.91 | $427.70 | $453.73 | $2,080.34 | $273,607.79 |
May, 2029 | 56 | $1,197.03 | $429.57 | $453.73 | $2,080.34 | $273,178.22 |
Jun, 2029 | 57 | $1,195.15 | $431.45 | $453.73 | $2,080.34 | $272,746.77 |
Jul, 2029 | 58 | $1,193.27 | $433.34 | $453.73 | $2,080.34 | $272,313.43 |
Aug, 2029 | 59 | $1,191.37 | $435.23 | $453.73 | $2,080.34 | $271,878.20 |
Sep, 2029 | 60 | $1,189.47 | $437.14 | $453.73 | $2,080.34 | $271,441.06 |
Oct, 2029 | 61 | $1,187.55 | $439.05 | $453.73 | $2,080.34 | $271,002.01 |
Nov, 2029 | 62 | $1,185.63 | $440.97 | $453.73 | $2,080.34 | $270,561.04 |
Dec, 2029 | 63 | $1,183.70 | $442.90 | $453.73 | $2,080.34 | $270,118.14 |
Jan, 2030 | 64 | $1,181.77 | $444.84 | $453.73 | $2,080.34 | $269,673.30 |
Feb, 2030 | 65 | $1,179.82 | $446.78 | $453.73 | $2,080.34 | $269,226.52 |
Mar, 2030 | 66 | $1,177.87 | $448.74 | $453.73 | $2,080.34 | $268,777.78 |
Apr, 2030 | 67 | $1,175.90 | $450.70 | $453.73 | $2,080.34 | $268,327.08 |
May, 2030 | 68 | $1,173.93 | $452.67 | $453.73 | $2,080.34 | $267,874.41 |
Jun, 2030 | 69 | $1,171.95 | $454.65 | $453.73 | $2,080.34 | $267,419.75 |
Jul, 2030 | 70 | $1,169.96 | $456.64 | $453.73 | $2,080.34 | $266,963.11 |
Aug, 2030 | 71 | $1,167.96 | $458.64 | $453.73 | $2,080.34 | $266,504.47 |
Sep, 2030 | 72 | $1,165.96 | $460.65 | $453.73 | $2,080.34 | $266,043.82 |
Oct, 2030 | 73 | $1,163.94 | $462.66 | $453.73 | $2,080.34 | $265,581.16 |
Nov, 2030 | 74 | $1,161.92 | $464.69 | $453.73 | $2,080.34 | $265,116.47 |
Dec, 2030 | 75 | $1,159.88 | $466.72 | $453.73 | $2,080.34 | $264,649.75 |
Jan, 2031 | 76 | $1,157.84 | $468.76 | $453.73 | $2,080.34 | $264,180.99 |
Feb, 2031 | 77 | $1,155.79 | $470.81 | $453.73 | $2,080.34 | $263,710.18 |
Mar, 2031 | 78 | $1,153.73 | $472.87 | $453.73 | $2,080.34 | $263,237.31 |
Apr, 2031 | 79 | $1,151.66 | $474.94 | $453.73 | $2,080.34 | $262,762.36 |
May, 2031 | 80 | $1,149.59 | $477.02 | $453.73 | $2,080.34 | $262,285.35 |
Jun, 2031 | 81 | $1,147.50 | $479.11 | $453.73 | $2,080.34 | $261,806.24 |
Jul, 2031 | 82 | $1,145.40 | $481.20 | $453.73 | $2,080.34 | $261,325.04 |
Aug, 2031 | 83 | $1,143.30 | $483.31 | $453.73 | $2,080.34 | $260,841.73 |
Sep, 2031 | 84 | $1,141.18 | $485.42 | $453.73 | $2,080.34 | $260,356.31 |
Oct, 2031 | 85 | $1,139.06 | $487.55 | $453.73 | $2,080.34 | $259,868.76 |
Nov, 2031 | 86 | $1,136.93 | $489.68 | $453.73 | $2,080.34 | $259,379.08 |
Dec, 2031 | 87 | $1,134.78 | $491.82 | $453.73 | $2,080.34 | $258,887.26 |
Jan, 2032 | 88 | $1,132.63 | $493.97 | $453.73 | $2,080.34 | $258,393.29 |
Feb, 2032 | 89 | $1,130.47 | $496.13 | $453.73 | $2,080.34 | $257,897.16 |
Mar, 2032 | 90 | $1,128.30 | $498.30 | $453.73 | $2,080.34 | $257,398.85 |
Apr, 2032 | 91 | $1,126.12 | $500.48 | $453.73 | $2,080.34 | $256,898.37 |
May, 2032 | 92 | $1,123.93 | $502.67 | $453.73 | $2,080.34 | $256,395.70 |
Jun, 2032 | 93 | $1,121.73 | $504.87 | $453.73 | $2,080.34 | $255,890.82 |
Jul, 2032 | 94 | $1,119.52 | $507.08 | $453.73 | $2,080.34 | $255,383.74 |
Aug, 2032 | 95 | $1,117.30 | $509.30 | $453.73 | $2,080.34 | $254,874.44 |
Sep, 2032 | 96 | $1,115.08 | $511.53 | $453.73 | $2,080.34 | $254,362.91 |
Oct, 2032 | 97 | $1,112.84 | $513.77 | $453.73 | $2,080.34 | $253,849.14 |
Nov, 2032 | 98 | $1,110.59 | $516.01 | $453.73 | $2,080.34 | $253,333.13 |
Dec, 2032 | 99 | $1,108.33 | $518.27 | $453.73 | $2,080.34 | $252,814.86 |
Jan, 2033 | 100 | $1,106.07 | $520.54 | $453.73 | $2,080.34 | $252,294.32 |
Feb, 2033 | 101 | $1,103.79 | $522.82 | $453.73 | $2,080.34 | $251,771.50 |
Mar, 2033 | 102 | $1,101.50 | $525.10 | $453.73 | $2,080.34 | $251,246.40 |
Apr, 2033 | 103 | $1,099.20 | $527.40 | $453.73 | $2,080.34 | $250,719.00 |
May, 2033 | 104 | $1,096.90 | $529.71 | $453.73 | $2,080.34 | $250,189.29 |
Jun, 2033 | 105 | $1,094.58 | $532.03 | $453.73 | $2,080.34 | $249,657.26 |
Jul, 2033 | 106 | $1,092.25 | $534.35 | $453.73 | $2,080.34 | $249,122.91 |
Aug, 2033 | 107 | $1,089.91 | $536.69 | $453.73 | $2,080.34 | $248,586.22 |
Sep, 2033 | 108 | $1,087.56 | $539.04 | $453.73 | $2,080.34 | $248,047.18 |
Oct, 2033 | 109 | $1,085.21 | $541.40 | $453.73 | $2,080.34 | $247,505.78 |
Nov, 2033 | 110 | $1,082.84 | $543.77 | $453.73 | $2,080.34 | $246,962.01 |
Dec, 2033 | 111 | $1,080.46 | $546.15 | $453.73 | $2,080.34 | $246,415.87 |
Jan, 2034 | 112 | $1,078.07 | $548.53 | $453.73 | $2,080.34 | $245,867.33 |
Feb, 2034 | 113 | $1,075.67 | $550.93 | $453.73 | $2,080.34 | $245,316.40 |
Mar, 2034 | 114 | $1,073.26 | $553.35 | $453.73 | $2,080.34 | $244,763.05 |
Apr, 2034 | 115 | $1,070.84 | $555.77 | $453.73 | $2,080.34 | $244,207.29 |
May, 2034 | 116 | $1,068.41 | $558.20 | $453.73 | $2,080.34 | $243,649.09 |
Jun, 2034 | 117 | $1,065.96 | $560.64 | $453.73 | $2,080.34 | $243,088.45 |
Jul, 2034 | 118 | $1,063.51 | $563.09 | $453.73 | $2,080.34 | $242,525.36 |
Aug, 2034 | 119 | $1,061.05 | $565.56 | $453.73 | $2,080.34 | $241,959.80 |
Sep, 2034 | 120 | $1,058.57 | $568.03 | $453.73 | $2,080.34 | $241,391.77 |
Oct, 2034 | 121 | $1,056.09 | $570.52 | $453.73 | $2,080.34 | $240,821.25 |
Nov, 2034 | 122 | $1,053.59 | $573.01 | $453.73 | $2,080.34 | $240,248.24 |
Dec, 2034 | 123 | $1,051.09 | $575.52 | $453.73 | $2,080.34 | $239,672.72 |
Jan, 2035 | 124 | $1,048.57 | $578.04 | $453.73 | $2,080.34 | $239,094.69 |
Feb, 2035 | 125 | $1,046.04 | $580.57 | $453.73 | $2,080.34 | $238,514.12 |
Mar, 2035 | 126 | $1,043.50 | $583.11 | $453.73 | $2,080.34 | $237,931.02 |
Apr, 2035 | 127 | $1,040.95 | $585.66 | $453.73 | $2,080.34 | $237,345.36 |
May, 2035 | 128 | $1,038.39 | $588.22 | $453.73 | $2,080.34 | $236,757.14 |
Jun, 2035 | 129 | $1,035.81 | $590.79 | $453.73 | $2,080.34 | $236,166.35 |
Jul, 2035 | 130 | $1,033.23 | $593.38 | $453.73 | $2,080.34 | $235,572.98 |
Aug, 2035 | 131 | $1,030.63 | $595.97 | $453.73 | $2,080.34 | $234,977.00 |
Sep, 2035 | 132 | $1,028.02 | $598.58 | $453.73 | $2,080.34 | $234,378.42 |
Oct, 2035 | 133 | $1,025.41 | $601.20 | $453.73 | $2,080.34 | $233,777.22 |
Nov, 2035 | 134 | $1,022.78 | $603.83 | $453.73 | $2,080.34 | $233,173.39 |
Dec, 2035 | 135 | $1,020.13 | $606.47 | $453.73 | $2,080.34 | $232,566.92 |
Jan, 2036 | 136 | $1,017.48 | $609.12 | $453.73 | $2,080.34 | $231,957.80 |
Feb, 2036 | 137 | $1,014.82 | $611.79 | $453.73 | $2,080.34 | $231,346.01 |
Mar, 2036 | 138 | $1,012.14 | $614.47 | $453.73 | $2,080.34 | $230,731.55 |
Apr, 2036 | 139 | $1,009.45 | $617.15 | $453.73 | $2,080.34 | $230,114.39 |
May, 2036 | 140 | $1,006.75 | $619.85 | $453.73 | $2,080.34 | $229,494.54 |
Jun, 2036 | 141 | $1,004.04 | $622.57 | $453.73 | $2,080.34 | $228,871.97 |
Jul, 2036 | 142 | $1,001.31 | $625.29 | $453.73 | $2,080.34 | $228,246.68 |
Aug, 2036 | 143 | $998.58 | $628.03 | $453.73 | $2,080.34 | $227,618.66 |
Sep, 2036 | 144 | $995.83 | $630.77 | $453.73 | $2,080.34 | $226,987.88 |
Oct, 2036 | 145 | $993.07 | $633.53 | $453.73 | $2,080.34 | $226,354.35 |
Nov, 2036 | 146 | $990.30 | $636.30 | $453.73 | $2,080.34 | $225,718.05 |
Dec, 2036 | 147 | $987.52 | $639.09 | $453.73 | $2,080.34 | $225,078.96 |
Jan, 2037 | 148 | $984.72 | $641.88 | $453.73 | $2,080.34 | $224,437.08 |
Feb, 2037 | 149 | $981.91 | $644.69 | $453.73 | $2,080.34 | $223,792.38 |
Mar, 2037 | 150 | $979.09 | $647.51 | $453.73 | $2,080.34 | $223,144.87 |
Apr, 2037 | 151 | $976.26 | $650.35 | $453.73 | $2,080.34 | $222,494.53 |
May, 2037 | 152 | $973.41 | $653.19 | $453.73 | $2,080.34 | $221,841.34 |
Jun, 2037 | 153 | $970.56 | $656.05 | $453.73 | $2,080.34 | $221,185.29 |
Jul, 2037 | 154 | $967.69 | $658.92 | $453.73 | $2,080.34 | $220,526.37 |
Aug, 2037 | 155 | $964.80 | $661.80 | $453.73 | $2,080.34 | $219,864.57 |
Sep, 2037 | 156 | $961.91 | $664.70 | $453.73 | $2,080.34 | $219,199.87 |
Oct, 2037 | 157 | $959.00 | $667.60 | $453.73 | $2,080.34 | $218,532.26 |
Nov, 2037 | 158 | $956.08 | $670.53 | $453.73 | $2,080.34 | $217,861.74 |
Dec, 2037 | 159 | $953.15 | $673.46 | $453.73 | $2,080.34 | $217,188.28 |
Jan, 2038 | 160 | $950.20 | $676.41 | $453.73 | $2,080.34 | $216,511.87 |
Feb, 2038 | 161 | $947.24 | $679.36 | $453.73 | $2,080.34 | $215,832.51 |
Mar, 2038 | 162 | $944.27 | $682.34 | $453.73 | $2,080.34 | $215,150.17 |
Apr, 2038 | 163 | $941.28 | $685.32 | $453.73 | $2,080.34 | $214,464.85 |
May, 2038 | 164 | $938.28 | $688.32 | $453.73 | $2,080.34 | $213,776.53 |
Jun, 2038 | 165 | $935.27 | $691.33 | $453.73 | $2,080.34 | $213,085.20 |
Jul, 2038 | 166 | $932.25 | $694.36 | $453.73 | $2,080.34 | $212,390.84 |
Aug, 2038 | 167 | $929.21 | $697.39 | $453.73 | $2,080.34 | $211,693.45 |
Sep, 2038 | 168 | $926.16 | $700.45 | $453.73 | $2,080.34 | $210,993.00 |
Oct, 2038 | 169 | $923.09 | $703.51 | $453.73 | $2,080.34 | $210,289.49 |
Nov, 2038 | 170 | $920.02 | $706.59 | $453.73 | $2,080.34 | $209,582.90 |
Dec, 2038 | 171 | $916.93 | $709.68 | $453.73 | $2,080.34 | $208,873.22 |
Jan, 2039 | 172 | $913.82 | $712.78 | $453.73 | $2,080.34 | $208,160.44 |
Feb, 2039 | 173 | $910.70 | $715.90 | $453.73 | $2,080.34 | $207,444.54 |
Mar, 2039 | 174 | $907.57 | $719.03 | $453.73 | $2,080.34 | $206,725.50 |
Apr, 2039 | 175 | $904.42 | $722.18 | $453.73 | $2,080.34 | $206,003.32 |
May, 2039 | 176 | $901.26 | $725.34 | $453.73 | $2,080.34 | $205,277.98 |
Jun, 2039 | 177 | $898.09 | $728.51 | $453.73 | $2,080.34 | $204,549.47 |
Jul, 2039 | 178 | $894.90 | $731.70 | $453.73 | $2,080.34 | $203,817.77 |
Aug, 2039 | 179 | $891.70 | $734.90 | $453.73 | $2,080.34 | $203,082.87 |
Sep, 2039 | 180 | $888.49 | $738.12 | $453.73 | $2,080.34 | $202,344.75 |
Oct, 2039 | 181 | $885.26 | $741.35 | $453.73 | $2,080.34 | $201,603.40 |
Nov, 2039 | 182 | $882.01 | $744.59 | $453.73 | $2,080.34 | $200,858.81 |
Dec, 2039 | 183 | $878.76 | $747.85 | $453.73 | $2,080.34 | $200,110.97 |
Jan, 2040 | 184 | $875.49 | $751.12 | $453.73 | $2,080.34 | $199,359.85 |
Feb, 2040 | 185 | $872.20 | $754.41 | $453.73 | $2,080.34 | $198,605.44 |
Mar, 2040 | 186 | $868.90 | $757.71 | $453.73 | $2,080.34 | $197,847.74 |
Apr, 2040 | 187 | $865.58 | $761.02 | $453.73 | $2,080.34 | $197,086.72 |
May, 2040 | 188 | $862.25 | $764.35 | $453.73 | $2,080.34 | $196,322.37 |
Jun, 2040 | 189 | $858.91 | $767.69 | $453.73 | $2,080.34 | $195,554.67 |
Jul, 2040 | 190 | $855.55 | $771.05 | $453.73 | $2,080.34 | $194,783.62 |
Aug, 2040 | 191 | $852.18 | $774.43 | $453.73 | $2,080.34 | $194,009.20 |
Sep, 2040 | 192 | $848.79 | $777.81 | $453.73 | $2,080.34 | $193,231.38 |
Oct, 2040 | 193 | $845.39 | $781.22 | $453.73 | $2,080.34 | $192,450.16 |
Nov, 2040 | 194 | $841.97 | $784.63 | $453.73 | $2,080.34 | $191,665.53 |
Dec, 2040 | 195 | $838.54 | $788.07 | $453.73 | $2,080.34 | $190,877.46 |
Jan, 2041 | 196 | $835.09 | $791.52 | $453.73 | $2,080.34 | $190,085.95 |
Feb, 2041 | 197 | $831.63 | $794.98 | $453.73 | $2,080.34 | $189,290.97 |
Mar, 2041 | 198 | $828.15 | $798.46 | $453.73 | $2,080.34 | $188,492.51 |
Apr, 2041 | 199 | $824.65 | $801.95 | $453.73 | $2,080.34 | $187,690.56 |
May, 2041 | 200 | $821.15 | $805.46 | $453.73 | $2,080.34 | $186,885.10 |
Jun, 2041 | 201 | $817.62 | $808.98 | $453.73 | $2,080.34 | $186,076.12 |
Jul, 2041 | 202 | $814.08 | $812.52 | $453.73 | $2,080.34 | $185,263.60 |
Aug, 2041 | 203 | $810.53 | $816.08 | $453.73 | $2,080.34 | $184,447.52 |
Sep, 2041 | 204 | $806.96 | $819.65 | $453.73 | $2,080.34 | $183,627.88 |
Oct, 2041 | 205 | $803.37 | $823.23 | $453.73 | $2,080.34 | $182,804.65 |
Nov, 2041 | 206 | $799.77 | $826.83 | $453.73 | $2,080.34 | $181,977.81 |
Dec, 2041 | 207 | $796.15 | $830.45 | $453.73 | $2,080.34 | $181,147.36 |
Jan, 2042 | 208 | $792.52 | $834.08 | $453.73 | $2,080.34 | $180,313.28 |
Feb, 2042 | 209 | $788.87 | $837.73 | $453.73 | $2,080.34 | $179,475.54 |
Mar, 2042 | 210 | $785.21 | $841.40 | $453.73 | $2,080.34 | $178,634.14 |
Apr, 2042 | 211 | $781.52 | $845.08 | $453.73 | $2,080.34 | $177,789.06 |
May, 2042 | 212 | $777.83 | $848.78 | $453.73 | $2,080.34 | $176,940.29 |
Jun, 2042 | 213 | $774.11 | $852.49 | $453.73 | $2,080.34 | $176,087.79 |
Jul, 2042 | 214 | $770.38 | $856.22 | $453.73 | $2,080.34 | $175,231.57 |
Aug, 2042 | 215 | $766.64 | $859.97 | $453.73 | $2,080.34 | $174,371.61 |
Sep, 2042 | 216 | $762.88 | $863.73 | $453.73 | $2,080.34 | $173,507.88 |
Oct, 2042 | 217 | $759.10 | $867.51 | $453.73 | $2,080.34 | $172,640.37 |
Nov, 2042 | 218 | $755.30 | $871.30 | $453.73 | $2,080.34 | $171,769.07 |
Dec, 2042 | 219 | $751.49 | $875.11 | $453.73 | $2,080.34 | $170,893.95 |
Jan, 2043 | 220 | $747.66 | $878.94 | $453.73 | $2,080.34 | $170,015.01 |
Feb, 2043 | 221 | $743.82 | $882.79 | $453.73 | $2,080.34 | $169,132.22 |
Mar, 2043 | 222 | $739.95 | $886.65 | $453.73 | $2,080.34 | $168,245.57 |
Apr, 2043 | 223 | $736.07 | $890.53 | $453.73 | $2,080.34 | $167,355.04 |
May, 2043 | 224 | $732.18 | $894.43 | $453.73 | $2,080.34 | $166,460.62 |
Jun, 2043 | 225 | $728.27 | $898.34 | $453.73 | $2,080.34 | $165,562.28 |
Jul, 2043 | 226 | $724.33 | $902.27 | $453.73 | $2,080.34 | $164,660.01 |
Aug, 2043 | 227 | $720.39 | $906.22 | $453.73 | $2,080.34 | $163,753.79 |
Sep, 2043 | 228 | $716.42 | $910.18 | $453.73 | $2,080.34 | $162,843.61 |
Oct, 2043 | 229 | $712.44 | $914.16 | $453.73 | $2,080.34 | $161,929.45 |
Nov, 2043 | 230 | $708.44 | $918.16 | $453.73 | $2,080.34 | $161,011.28 |
Dec, 2043 | 231 | $704.42 | $922.18 | $453.73 | $2,080.34 | $160,089.10 |
Jan, 2044 | 232 | $700.39 | $926.21 | $453.73 | $2,080.34 | $159,162.89 |
Feb, 2044 | 233 | $696.34 | $930.27 | $453.73 | $2,080.34 | $158,232.62 |
Mar, 2044 | 234 | $692.27 | $934.34 | $453.73 | $2,080.34 | $157,298.28 |
Apr, 2044 | 235 | $688.18 | $938.42 | $453.73 | $2,080.34 | $156,359.86 |
May, 2044 | 236 | $684.07 | $942.53 | $453.73 | $2,080.34 | $155,417.33 |
Jun, 2044 | 237 | $679.95 | $946.65 | $453.73 | $2,080.34 | $154,470.68 |
Jul, 2044 | 238 | $675.81 | $950.80 | $453.73 | $2,080.34 | $153,519.88 |
Aug, 2044 | 239 | $671.65 | $954.95 | $453.73 | $2,080.34 | $152,564.93 |
Sep, 2044 | 240 | $667.47 | $959.13 | $453.73 | $2,080.34 | $151,605.79 |
Oct, 2044 | 241 | $663.28 | $963.33 | $453.73 | $2,080.34 | $150,642.46 |
Nov, 2044 | 242 | $659.06 | $967.54 | $453.73 | $2,080.34 | $149,674.92 |
Dec, 2044 | 243 | $654.83 | $971.78 | $453.73 | $2,080.34 | $148,703.14 |
Jan, 2045 | 244 | $650.58 | $976.03 | $453.73 | $2,080.34 | $147,727.12 |
Feb, 2045 | 245 | $646.31 | $980.30 | $453.73 | $2,080.34 | $146,746.82 |
Mar, 2045 | 246 | $642.02 | $984.59 | $453.73 | $2,080.34 | $145,762.23 |
Apr, 2045 | 247 | $637.71 | $988.89 | $453.73 | $2,080.34 | $144,773.34 |
May, 2045 | 248 | $633.38 | $993.22 | $453.73 | $2,080.34 | $143,780.12 |
Jun, 2045 | 249 | $629.04 | $997.57 | $453.73 | $2,080.34 | $142,782.55 |
Jul, 2045 | 250 | $624.67 | $1,001.93 | $453.73 | $2,080.34 | $141,780.62 |
Aug, 2045 | 251 | $620.29 | $1,006.31 | $453.73 | $2,080.34 | $140,774.30 |
Sep, 2045 | 252 | $615.89 | $1,010.72 | $453.73 | $2,080.34 | $139,763.59 |
Oct, 2045 | 253 | $611.47 | $1,015.14 | $453.73 | $2,080.34 | $138,748.45 |
Nov, 2045 | 254 | $607.02 | $1,019.58 | $453.73 | $2,080.34 | $137,728.87 |
Dec, 2045 | 255 | $602.56 | $1,024.04 | $453.73 | $2,080.34 | $136,704.83 |
Jan, 2046 | 256 | $598.08 | $1,028.52 | $453.73 | $2,080.34 | $135,676.31 |
Feb, 2046 | 257 | $593.58 | $1,033.02 | $453.73 | $2,080.34 | $134,643.29 |
Mar, 2046 | 258 | $589.06 | $1,037.54 | $453.73 | $2,080.34 | $133,605.75 |
Apr, 2046 | 259 | $584.53 | $1,042.08 | $453.73 | $2,080.34 | $132,563.67 |
May, 2046 | 260 | $579.97 | $1,046.64 | $453.73 | $2,080.34 | $131,517.03 |
Jun, 2046 | 261 | $575.39 | $1,051.22 | $453.73 | $2,080.34 | $130,465.81 |
Jul, 2046 | 262 | $570.79 | $1,055.82 | $453.73 | $2,080.34 | $129,410.00 |
Aug, 2046 | 263 | $566.17 | $1,060.44 | $453.73 | $2,080.34 | $128,349.56 |
Sep, 2046 | 264 | $561.53 | $1,065.08 | $453.73 | $2,080.34 | $127,284.49 |
Oct, 2046 | 265 | $556.87 | $1,069.73 | $453.73 | $2,080.34 | $126,214.75 |
Nov, 2046 | 266 | $552.19 | $1,074.41 | $453.73 | $2,080.34 | $125,140.34 |
Dec, 2046 | 267 | $547.49 | $1,079.12 | $453.73 | $2,080.34 | $124,061.22 |
Jan, 2047 | 268 | $542.77 | $1,083.84 | $453.73 | $2,080.34 | $122,977.38 |
Feb, 2047 | 269 | $538.03 | $1,088.58 | $453.73 | $2,080.34 | $121,888.81 |
Mar, 2047 | 270 | $533.26 | $1,093.34 | $453.73 | $2,080.34 | $120,795.46 |
Apr, 2047 | 271 | $528.48 | $1,098.12 | $453.73 | $2,080.34 | $119,697.34 |
May, 2047 | 272 | $523.68 | $1,102.93 | $453.73 | $2,080.34 | $118,594.41 |
Jun, 2047 | 273 | $518.85 | $1,107.75 | $453.73 | $2,080.34 | $117,486.66 |
Jul, 2047 | 274 | $514.00 | $1,112.60 | $453.73 | $2,080.34 | $116,374.06 |
Aug, 2047 | 275 | $509.14 | $1,117.47 | $453.73 | $2,080.34 | $115,256.59 |
Sep, 2047 | 276 | $504.25 | $1,122.36 | $453.73 | $2,080.34 | $114,134.23 |
Oct, 2047 | 277 | $499.34 | $1,127.27 | $453.73 | $2,080.34 | $113,006.97 |
Nov, 2047 | 278 | $494.41 | $1,132.20 | $453.73 | $2,080.34 | $111,874.77 |
Dec, 2047 | 279 | $489.45 | $1,137.15 | $453.73 | $2,080.34 | $110,737.62 |
Jan, 2048 | 280 | $484.48 | $1,142.13 | $453.73 | $2,080.34 | $109,595.49 |
Feb, 2048 | 281 | $479.48 | $1,147.12 | $453.73 | $2,080.34 | $108,448.36 |
Mar, 2048 | 282 | $474.46 | $1,152.14 | $453.73 | $2,080.34 | $107,296.22 |
Apr, 2048 | 283 | $469.42 | $1,157.18 | $453.73 | $2,080.34 | $106,139.04 |
May, 2048 | 284 | $464.36 | $1,162.25 | $453.73 | $2,080.34 | $104,976.79 |
Jun, 2048 | 285 | $459.27 | $1,167.33 | $453.73 | $2,080.34 | $103,809.46 |
Jul, 2048 | 286 | $454.17 | $1,172.44 | $453.73 | $2,080.34 | $102,637.02 |
Aug, 2048 | 287 | $449.04 | $1,177.57 | $453.73 | $2,080.34 | $101,459.46 |
Sep, 2048 | 288 | $443.89 | $1,182.72 | $453.73 | $2,080.34 | $100,276.74 |
Oct, 2048 | 289 | $438.71 | $1,187.89 | $453.73 | $2,080.34 | $99,088.84 |
Nov, 2048 | 290 | $433.51 | $1,193.09 | $453.73 | $2,080.34 | $97,895.75 |
Dec, 2048 | 291 | $428.29 | $1,198.31 | $453.73 | $2,080.34 | $96,697.44 |
Jan, 2049 | 292 | $423.05 | $1,203.55 | $453.73 | $2,080.34 | $95,493.89 |
Feb, 2049 | 293 | $417.79 | $1,208.82 | $453.73 | $2,080.34 | $94,285.07 |
Mar, 2049 | 294 | $412.50 | $1,214.11 | $453.73 | $2,080.34 | $93,070.96 |
Apr, 2049 | 295 | $407.19 | $1,219.42 | $453.73 | $2,080.34 | $91,851.54 |
May, 2049 | 296 | $401.85 | $1,224.75 | $453.73 | $2,080.34 | $90,626.79 |
Jun, 2049 | 297 | $396.49 | $1,230.11 | $453.73 | $2,080.34 | $89,396.68 |
Jul, 2049 | 298 | $391.11 | $1,235.49 | $453.73 | $2,080.34 | $88,161.18 |
Aug, 2049 | 299 | $385.71 | $1,240.90 | $453.73 | $2,080.34 | $86,920.28 |
Sep, 2049 | 300 | $380.28 | $1,246.33 | $453.73 | $2,080.34 | $85,673.96 |
Oct, 2049 | 301 | $374.82 | $1,251.78 | $453.73 | $2,080.34 | $84,422.18 |
Nov, 2049 | 302 | $369.35 | $1,257.26 | $453.73 | $2,080.34 | $83,164.92 |
Dec, 2049 | 303 | $363.85 | $1,262.76 | $453.73 | $2,080.34 | $81,902.16 |
Jan, 2050 | 304 | $358.32 | $1,268.28 | $453.73 | $2,080.34 | $80,633.88 |
Feb, 2050 | 305 | $352.77 | $1,273.83 | $453.73 | $2,080.34 | $79,360.05 |
Mar, 2050 | 306 | $347.20 | $1,279.40 | $453.73 | $2,080.34 | $78,080.64 |
Apr, 2050 | 307 | $341.60 | $1,285.00 | $453.73 | $2,080.34 | $76,795.64 |
May, 2050 | 308 | $335.98 | $1,290.62 | $453.73 | $2,080.34 | $75,505.02 |
Jun, 2050 | 309 | $330.33 | $1,296.27 | $453.73 | $2,080.34 | $74,208.75 |
Jul, 2050 | 310 | $324.66 | $1,301.94 | $453.73 | $2,080.34 | $72,906.81 |
Aug, 2050 | 311 | $318.97 | $1,307.64 | $453.73 | $2,080.34 | $71,599.17 |
Sep, 2050 | 312 | $313.25 | $1,313.36 | $453.73 | $2,080.34 | $70,285.81 |
Oct, 2050 | 313 | $307.50 | $1,319.10 | $453.73 | $2,080.34 | $68,966.71 |
Nov, 2050 | 314 | $301.73 | $1,324.88 | $453.73 | $2,080.34 | $67,641.83 |
Dec, 2050 | 315 | $295.93 | $1,330.67 | $453.73 | $2,080.34 | $66,311.16 |
Jan, 2051 | 316 | $290.11 | $1,336.49 | $453.73 | $2,080.34 | $64,974.67 |
Feb, 2051 | 317 | $284.26 | $1,342.34 | $453.73 | $2,080.34 | $63,632.33 |
Mar, 2051 | 318 | $278.39 | $1,348.21 | $453.73 | $2,080.34 | $62,284.12 |
Apr, 2051 | 319 | $272.49 | $1,354.11 | $453.73 | $2,080.34 | $60,930.00 |
May, 2051 | 320 | $266.57 | $1,360.04 | $453.73 | $2,080.34 | $59,569.97 |
Jun, 2051 | 321 | $260.62 | $1,365.99 | $453.73 | $2,080.34 | $58,203.98 |
Jul, 2051 | 322 | $254.64 | $1,371.96 | $453.73 | $2,080.34 | $56,832.02 |
Aug, 2051 | 323 | $248.64 | $1,377.96 | $453.73 | $2,080.34 | $55,454.06 |
Sep, 2051 | 324 | $242.61 | $1,383.99 | $453.73 | $2,080.34 | $54,070.06 |
Oct, 2051 | 325 | $236.56 | $1,390.05 | $453.73 | $2,080.34 | $52,680.02 |
Nov, 2051 | 326 | $230.48 | $1,396.13 | $453.73 | $2,080.34 | $51,283.89 |
Dec, 2051 | 327 | $224.37 | $1,402.24 | $453.73 | $2,080.34 | $49,881.65 |
Jan, 2052 | 328 | $218.23 | $1,408.37 | $453.73 | $2,080.34 | $48,473.28 |
Feb, 2052 | 329 | $212.07 | $1,414.53 | $453.73 | $2,080.34 | $47,058.74 |
Mar, 2052 | 330 | $205.88 | $1,420.72 | $453.73 | $2,080.34 | $45,638.02 |
Apr, 2052 | 331 | $199.67 | $1,426.94 | $453.73 | $2,080.34 | $44,211.08 |
May, 2052 | 332 | $193.42 | $1,433.18 | $453.73 | $2,080.34 | $42,777.90 |
Jun, 2052 | 333 | $187.15 | $1,439.45 | $453.73 | $2,080.34 | $41,338.45 |
Jul, 2052 | 334 | $180.86 | $1,445.75 | $453.73 | $2,080.34 | $39,892.70 |
Aug, 2052 | 335 | $174.53 | $1,452.07 | $453.73 | $2,080.34 | $38,440.63 |
Sep, 2052 | 336 | $168.18 | $1,458.43 | $453.73 | $2,080.34 | $36,982.20 |
Oct, 2052 | 337 | $161.80 | $1,464.81 | $453.73 | $2,080.34 | $35,517.39 |
Nov, 2052 | 338 | $155.39 | $1,471.22 | $453.73 | $2,080.34 | $34,046.18 |
Dec, 2052 | 339 | $148.95 | $1,477.65 | $453.73 | $2,080.34 | $32,568.53 |
Jan, 2053 | 340 | $142.49 | $1,484.12 | $453.73 | $2,080.34 | $31,084.41 |
Feb, 2053 | 341 | $135.99 | $1,490.61 | $453.73 | $2,080.34 | $29,593.80 |
Mar, 2053 | 342 | $129.47 | $1,497.13 | $453.73 | $2,080.34 | $28,096.67 |
Apr, 2053 | 343 | $122.92 | $1,503.68 | $453.73 | $2,080.34 | $26,592.99 |
May, 2053 | 344 | $116.34 | $1,510.26 | $453.73 | $2,080.34 | $25,082.73 |
Jun, 2053 | 345 | $109.74 | $1,516.87 | $453.73 | $2,080.34 | $23,565.86 |
Jul, 2053 | 346 | $103.10 | $1,523.50 | $453.73 | $2,080.34 | $22,042.36 |
Aug, 2053 | 347 | $96.44 | $1,530.17 | $453.73 | $2,080.34 | $20,512.19 |
Sep, 2053 | 348 | $89.74 | $1,536.86 | $453.73 | $2,080.34 | $18,975.32 |
Oct, 2053 | 349 | $83.02 | $1,543.59 | $453.73 | $2,080.34 | $17,431.74 |
Nov, 2053 | 350 | $76.26 | $1,550.34 | $453.73 | $2,080.34 | $15,881.40 |
Dec, 2053 | 351 | $69.48 | $1,557.12 | $453.73 | $2,080.34 | $14,324.27 |
Jan, 2054 | 352 | $62.67 | $1,563.94 | $453.73 | $2,080.34 | $12,760.34 |
Feb, 2054 | 353 | $55.83 | $1,570.78 | $453.73 | $2,080.34 | $11,189.56 |
Mar, 2054 | 354 | $48.95 | $1,577.65 | $453.73 | $2,080.34 | $9,611.91 |
Apr, 2054 | 355 | $42.05 | $1,584.55 | $453.73 | $2,080.34 | $8,027.36 |
May, 2054 | 356 | $35.12 | $1,591.48 | $453.73 | $2,080.34 | $6,435.87 |
Jun, 2054 | 357 | $28.16 | $1,598.45 | $453.73 | $2,080.34 | $4,837.42 |
Jul, 2054 | 358 | $21.16 | $1,605.44 | $453.73 | $2,080.34 | $3,231.98 |
Aug, 2054 | 359 | $14.14 | $1,612.46 | $453.73 | $2,080.34 | $1,619.52 |
Sep, 2054 | 360 | $7.09 | $1,619.52 | $453.73 | $2,080.34 | $0.00 |
Compare Monthly vs. Bi-weekly |
||||||
Payment Frequency | Monthly | Bi-weekly | ||||
Payments / Year | 12 | 26 | ||||
Each Payment | $2,080.34 | $1,022.72 | ||||
Total Extra Payments | $0.00 | $0.00 | ||||
Total Interest | $291,011.57 | $235,336.59 | ||||
Total Tax, Insurance, MIP & Fees | $163,344.00 | $136,120.00 | ||||
Total Payment | $760,121.57 | $677,222.59 | Total Savings | $0 | $82,898.98 | |
Payoff Date | Sep, 2054 | Sep, 2049 |
An FHA 203K loan, also known as a mortgage rehab loan can be used to finance the purchase of a property and the renovation costs into a single mortgage. Current homeowners can also use an FHA 203k loan to refinance their property and fund the costs of renovation under the same mortgage.
Most conventional lenders do not approve mortgages for properties that are not in good condition. This is where an FHA 203K loan can be useful as it allows homebuyers to get a mortgage on a property that requires major repairs and renovation. Not only does the FHA 203K loan funds the purchase of the property, but it also covers the repair costs. An FHA 203K loan is backed by the Federal Housing Administration (FHA) and has more flexible terms and qualifications than a conventional mortgage. To be eligible for a 203K loan, the property must meet certain safety standards which are determined by an FHA-approved home appraiser. A 203K loan is a good option for first-time homebuyers or for those who don't have a lot of cash in hand to buy a more expensive move-ready home.
There are two types of 203K loans, the limited 203(K) loan, and the standard 203K loan.
The limited 203K loan is for homes that require minor fixes and improvements. There shouldn't be any major repairs like structural changes to a property. The limited 203(K) loan allows homeowners to finance up to $35,000 in their mortgages for renovation purposes.
For major repairs and improvements, you will need to get the standard 203K loan. The renovation must cost a minimum of $5,000, but the total value of the property must be within a certain range set by the FHA mortgage limit for that area.
The 203K loan can be used to finance the purchase of a property and home renovations to improve.
Homebuyers cannot use the 203K loan on luxury home improvements such as building a swimming pool. The project also has to be completed within 6 months.
There are many requirements for 203K loans, but the standards are lower than conventional mortgages.
As with any other type of real estate loan, 203(K) loans come with benefits and drawbacks.
- A 203K loan can be either fixed rate or variable depending on your need.
- No, you cannot use a 203K loan for a fix and flip. The property must be used as a primary residency.
- It may take 60 days or more to close on a 203K loan.
- you need to have a credit score of 500 or above.
- Your DTI should be 43% or lower for a 203K loan.
- 3.5% is the minimum down payment you can make if your credit score is above 80%. -The minimum down payment is 10% if your credit score is lower than 580.
- A portion of the 203K loan is used to pay the home seller. The rest of the funds are placed in an escrow account and released as home improvement is completed.
- No, you cannot use a 203K loan for luxury home improvements such as building a swimming pool or a tennis court. The home improvements must be done for necessities or energy-efficient purposes.
Loan Calculator | Terms | Privacy | Disclaimer | Contact
©2024 Loan Calculator