Embeddable FHA multifamily loan sizer

Program

Rents

State

Building type

Units by bedroom count

Studio

1 BR

2 BR

3 BR

4+ BR

Property value ($)

Net operating income ($/yr)

Note rate (%)

Debt to pay off + closing costs ($)

Estimated maximum FHA-insured loan (illustration, not a quote)

$19,200,000

Cash-out test controls

Statutory limit$28,230,000

120 units at the 2026 207/223(f) per-unit limits, non-elevator, times 270%
Loan to value$20,880,000

87% of value
Debt service coverage$19,390,000

net operating income at 1.15x, 5.54% over 35 years plus 0.25% MIP
Cash-out test$19,200,000

greater of 80% of value or the cost to refinance. This one controls.

Monthly principal and interest: $103,611
Annual MIP (0.25%): $48,000
Upfront MIP: $48,000
HUD application fee (0.30%): $57,600
Debt service coverage at that size: 1.16
Loan to value or cost: 80.0%
Loan per unit: $160,000

An estimate, not a commitment. The default rate is a benchmark from HUD's own loan file, not a quote; HUD and the lender size the real loan from their own appraisal, underwriting and rate.