FHA 203k Rehab Loan Calculator
Calculate monthly payments for an FHA 203k renovation loan. Combines purchase price and rehab costs into one mortgage.
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FHA minimum is 3.5%
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Frequently Asked Questions
What is an FHA 203k loan?
An FHA 203k loan lets you finance both the purchase price and renovation costs of a home in a single mortgage. It requires as little as 3.5% down on the total project cost.
What is MIP?
Mortgage Insurance Premium. FHA loans require 1.75% upfront MIP (added to loan) and 0.55% annual MIP (paid monthly). This protects the lender if you default.
What can I renovate with a 203k?
Almost anything: kitchen/bath remodel, new roof, HVAC, plumbing, electrical, structural repairs, accessibility improvements, and even some landscaping.
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