FHA Equity Calc checklist
Questions to ask a lender
How the math works
Ask the lender for the figure behind each calculator line. If its numbers differ, ask which assumption changed.
Last reviewed against the primary sources listed below.
Inputs
- What value are you using until the appraisal comes in?
- What payoff amount and date did you use?
Costs
- What closing costs will be taken from proceeds?
- How is the upfront premium calculated on my loan?
Result
- What cash do you estimate I will receive?
- What would change that amount?
How to use the answers
Enter the lender's figures in the calculator to see whether the result matches.