Guatemala FHA Calculator
This tool estimates the total monthly payment of an FHA-insured loan in quetzales: principal and interest with French amortization, plus the FHA premium (1%), credit-life insurance (0.26%), monthly IUSI (Decree 15-98), and the fire insurance you enter. Use it to compare down payment, rate, term, and income scenarios before talking to FHA or your lender.
For a home worth Q800,000 with 5% down (Q40,000), the capital is Q760,000. At the FHA reference rate 5.79% over 20 years, the leveled payment is Q5,420.65/month; with the premium (Q7,600) and credit-life (Q1,976) financed, the amount borrowed is Q769,576. Add IUSI of Q600.00/month and no fire insurance, and the total payment is Q6,020.65/month (40.14% of a Q15,000 income).
This simulator is educational: it is not a quote, pre-approval, or the official FHA or bank calculator. FHA publishes its own official calculator; confirm current requirements, rates, and amounts before signing.
What is FHA in Guatemala?
FHA (Fondo Hipotecario de Apoyo a la Vivienda) is Guatemala's public housing-loan system backed by insurance. It is not the U.S. FHA (HUD): it is a Guatemalan program run under fha.gob.gt, with published rules and a reference rate updated quarterly.
Unlike a common bank mortgage, the FHA loan adds two costs to the capital:
- FHA premium: 1% of the capital (capital = price − down payment).
- Credit-life insurance: 0.26% of the capital (covers the balance if you pass away).
Together they equal 1.26% of the capital. You can finance that premium within the loan (the payment rises a bit) or pay it at closing along with your down payment.
The FHA system publishes a minimum down payment of 5% of the price, far below the 10–30% banks usually ask on a plain mortgage. Terms run from 5 to 40 years.
How the payment is calculated
Leveled payment = M × [r(1+r)^n] / [(1+r)^n − 1]
Total payment = leveled payment + monthly IUSI + fire insurance
Where:
- M = amount financed = capital + 1% premium + 0.26% credit-life (if financed)
- capital = home price − down payment
- r = lender's monthly rate (annual rate ÷ 12)
- n = number of months (years × 12)
- Monthly IUSI = annual property tax (Decree 15-98) ÷ 12, based on the assessed value (see the IUSI calculator)
If you do not finance the premium: the amount financed is just the capital, and the premium (Q9,576 in the example) is paid at closing with your down payment.
Worked example in quetzales (calculator defaults)
Price: Q800,000
Down payment 5%: Q40,000
Capital: Q760,000
FHA reference rate: 5.79% annual
Term: 20 years (240 months)
Monthly income: Q15,000
Assessed value for IUSI: Q800,000
Fire insurance: Q0 (you enter it)
| Item | Estimate |
|---|---|
| Capital (price − down payment) | Q760,000 |
| FHA premium (1%) | Q7,600 |
| Credit-life insurance (0.26%) | Q1,976 |
| Total annual premium | Q9,576 |
| Amount financed (premium included) | Q769,576 |
| Leveled payment (principal + interest) | Q5,420.65/month |
| Monthly IUSI (9‰ on Q800,000) | Q600.00/month |
| Total monthly payment | Q6,020.65/month |
| Payment-to-income ratio | 40.14% |
If you do not finance the premium: amount financed Q760,000, leveled payment Q5,353.20/month, and cash at closing Q49,576 (down payment Q40,000 + premium Q9,576).
FHA vs bank mortgage
| | FHA (this calculator) | Bank mortgage | |---|---|---| | Product | FHA-insured loan (fha.gob.gt) | Bank home loan | | Minimum down payment | 5% published | 10–30% typical | | Term | 5–40 years | 15–25 typical, up to 30 | | Extra costs | 1% premium + 0.26% credit-life | Not in the formula | | Reference rate | 5.79% weighted FHA (Jul 31, 2026) | 9–10% typical from banks |
For a bank mortgage without FHA insurance, use the Guatemala mortgage calculator.
Key concepts
- Capital: home price minus what you pay down. FHA requires at least 5%.
- FHA premium (1%): the cost of the insurance backing the loan, charged on the capital.
- Credit-life (0.26%): insurance that covers the loan balance in case of death. See FHA credit-life insurance.
- IUSI: municipal property tax on the assessed value, by Decree 15-98 brackets (see IUSI calculator).
- Cash at closing: what you need available when signing: the down payment and, if you did not finance the premium, the premium + credit-life.
Good practices
- Check your down payment against the FHA minimum (5%) and do not go below it without verifying requirements.
- Compare the FHA reference rate with your approved lender's real quote.
- Do not stretch the term to 40 years just to lower the payment: watch total interest.
- Budget for IUSI and fire insurance: in this calculator they are already inside the total payment.
- Check your debt-to-income ratio before committing to the payment.
Official sources
- Official FHA calculator
- What is the FHA system?
- Reference rate
- Lien release
- Credit-life insurance
- Decree 15-98 (IUSI law)
Related calculators
FAQ
FHA (Fondo Hipotecario de Apoyo a la Vivienda, fha.gob.gt) is Guatemala's public housing-loan system with insurance. It is not the U.S. FHA (HUD). The loan is covered by a 1% premium on the capital and a 0.26% credit-life (desgravamen) insurance.
Capital = price − down payment. A fixed French-amortization payment applies to the capital plus the 1% premium and 0.26% credit-life when financed. Then the monthly IUSI (Decree 15-98) and any fire insurance you enter are added.
FHA publishes a 5% minimum of the home price, well below the 10–30% banks usually ask on a plain mortgage. In the default example, Q800,000 with 5% means Q40,000 down.
No. 5.79% is only the weighted reference published by FHA (latest quarter as of July 31, 2026). Your approved financial institution sets the rate for your loan; the calculator lets you edit it.
The FHA system allows terms from 5 to 40 years. Longer terms lower the monthly payment but raise total interest.
Yes. The total payment adds the principal-and-interest installment, the monthly IUSI (9‰ on the assessed value, Decree 15-98), and any fire insurance you enter. The premium and credit-life are a separate cost or added to the financed amount.
With 5% down (Q40,000), capital of Q760,000, the 5.79% reference rate, and 20 years: leveled payment Q5,420.65, IUSI Q600.00, and a total payment of Q6,020.65/month (40.14% of a Q15,000 income). Financed amount Q769,576 including premium and credit-life.
No. It is an educational estimate. Confirm the numbers on the official calculator and with the current requirements at fha.gob.gt and your approved lender before signing.