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The loan amount, the FHA loan limits in your county, the amount of the loan the FHA will insure, and the Up Front Mortgage Insurance Premium (UFMIP) all come into play. Estimate your taxes and insurance so that these amounts will be included in the payment calculation. Use our FHA Loan Calculator to learn more.
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By putting these numbers into a mortgage calculator or amortization schedule calculator, my monthly payment in this example would be $1,717.83 per month. (Note: This amount does not include property.
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