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Home » Construction Loan » FHA Construction Loan » Calculators

FHA One-Time-Close/OTC Construction Loans.

3.5% Down, 6% Seller Closing Credit Allowed

Yes you can build your own home with only 3.50% down!

Guidelines

Calculators

Transaction Information

Purchase Price (Builder Cost and Land Cost [if applicable]) *

Down Payment (3.50% or 5%) *

FHA Interest Rate *

Property Taxes (Annual) *

Homeowner Insurance (Annual) *

Monthly HOA/Condo Fee *

Property Type *

Builder/Retailer Receives Draws During Construction *

FHA Detailed Loan Calculations:
Purchase Price (Builder Cost and Land Cost [if applicable])
Construction Administration Cost
Total Acquisition Cost
Down Payment
Base Loan Amount
Upfront Mortgage Insurance Premium (UFMIP)
Total Loan Amount
Monthly Prinicipal and Interest (PI)
Monthly Mortgage Insurance (MI)
Property Taxes
Homeowner Insurance
HOA/Condo Fee
Total Monthly Payment (PI + MI)

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.