Use this calculator to determine the minimum downpayment and maximum FHA mortgage that would be allowed on a home purchase. It will also create an estimate of your closing costs and required upfront Mortgage Insurance Premium (MIP). This calculator is designed to determine the FHA mortgage limit for a particular purchase, not the maximum allowed for any home in your state and county. To determine the maximum purchase price for your area you should use https://entp.hud.gov/idapp/html/hicostlook.cfm at the HUD.gov. Then use the calculator below to determine the required down payment, FHA mortgage limit and required upfront Mortgage Insurance Premium (MIP).
Regency Mortgage was founded in February, 1996 by Quentin Keefe and
Maureen Lemay. Mr. Keefe currently serves as President and CEO and Ms. Lemay is the
company’s Sr. Vice President overseeing loan operations.