Essex Mortgage

FHA 203k Loan Calculator

* This calculator is for informational purposes only, and does not take into account FHA maximum loan limits by MSA
Loan Inputs
Purchase Price/Payoff Amount
Estimated Value At Completion
Project Complexity
Property Taxes (One Year)
Homeowners Insurance (One Year)
Renovation Budget
Interest Rate
Structural Repairs Needed?
Loan Term
Loan Info
Loan Type
Fees and Reserves
Contingency Reserve
Consultant Fees
Draw Inspection Fees
Title Updates
Base Purchase Price (Total Costs)
Down Payment
Base Loan Amount
Loan To Value (Max 110%)
Loan To Costs (Max 96.5%)
Mortgage Info
Monthly Payment
Monthly MIP
Monthly Taxes
Monthly Insurance
Total Payment

Legal Disclaimer: Essex Mortgage ("Essex Mortgage") is a service provider to mortgage lenders and is not a licensed mortgage lender, broker or originator. Essex Mortgage does not:

  • (i) originate or accept consumer loan applications;
  • (ii) underwrite or guarantee approval of any mortgage loan, loan program or terms;
  • (iii) enter into or close mortgage loans or issue mortgage commitments to consumers.

Use of the Calculator Tool ("Calculator") is with the express understanding and agreement that Essex Mortgage makes no representations or warranties of any type or nature, express or implied, that the information, calculations or outputs provided are accurate or complete and no guarantees are made in this regard. Use of the Calculator is at the user?s own risk and Essex Mortgage is not responsible for any errors, omissions or misrepresentations in the information and outputs provided. The Calculator is not intended nor should it be construed as providing:

  • (i) any type of pre-qualification, origination or underwriting services;
  • (ii) an assessment of the user?s ability to qualify or obtain a mortgage loan from a lender;
  • (iii) a commitment or approval by any mortgage lender to enter into a mortgage loan with the user;
  • (vi) a Good Faith Estimate of costs the user may be required to pay for a mortgage loan.

The Calculator is designed to provide estimated outputs for "purchase loans" only and should not be used or relied upon as an estimate future loan amounts. The Calculator does not factor in lender and FHA specific mortgage loan costs and fees which may include, among other things, origination fees, mortgage insurance premiums, taxes, insurance premiums, HOA fees and closing costs and the Calculator is not intended to provide the user with any type of loan fee disclosures in this regard. The user is strongly encouraged to contact a mortgage lender of the user's own choosing to in dependently verify the actual costs, fees, terms and conditions relating to a mortgage loan. If you need assistance in locating a mortgage lender, Essex Mortgage can refer you to one or more of its licensed mortgage lending partners.
Tel. 866.364.6720