FHA Loan
Lending & MortgagesA government-insured mortgage with lower down payment requirements (as low as 3.5%), designed for first-time buyers.
Example
Example: Suppose you take out a $300,000 30-year fixed mortgage at 6.5%. Understanding fha loan helps you see how your monthly payment of approximately $1,896 is structured — and how this concept affects your total cost over the life of the loan. Use our mortgage calculator to see how fha loan impacts your specific situation.