Quick Start: Single Family Servicing Mortgage Calculator

Mortgage Calculator is a data input form that can be used to generate a billing schedule for new and existing FHA-insured cases. The Help defines each field (data item) and its valid values. Mortgage Calculator fields include: • Loan Amount • Interest Rate • Loan Term (in months) • Begin[ning] Amort[ization] Month • Begin[ning] Amort[ization] Year • Premium Rate • Upfront MIP [Mortgage Insurance Premium] Factor • Mortgage Type • Amortization Plan • MMI After 12/31/2000 [indicator of risk-based Mutual Mortgage Insurance (MMI) Fund case] • Appraisal/Sales • 100 Percent Financed • Billing Years Once the all of the appropriate information is entered, select Send. The Mortgage Calculator Results page displays the information you entered and a Billing Schedule. See also the FHA Connection Guide for more detailed information on Mortgage Calculator [PDF].