Mortgage Calculator​

To calculate Conventional mortgage loan amount, take purchase price X 95% = loan amount.

Conventional Loans allow 6% Seller assist for 80% loans, and 3% for anything over 80%

 To calculate FHA mortgage loan amount, take purchase price X 96.5% + 1.75% for UFMIP = loan amount.

 FHA requires 3.5% down Payment  for 96.5% FHA purchase,  .85% for M.I.P.  for 96.5% loan and .80% for 90% loan.

FHA Allows for up to 6% Seller Assist.​

Free Loan Calculator

PA   (215) 295-7300         NJ    (609) 770-8310                 (888) 285-2564 Toll Free

956 Trenton Road,  Fairless Hills, PA 19033​

Alpha II Mortgage, Inc.

Licensed in PA & NJ​