Total Loan Amount
The total loan amount is the base loan plus any financed fees, such as upfront mortgage insurance or a VA funding fee, rolled into the balance.
What Total Loan Amount means
Some programs let borrowers finance certain upfront charges instead of paying cash. The total loan amount reflects that larger balance, which is what interest accrues on. It can exceed the home's purchase price when fees are added in.
Florida example
An FHA buyer in Lakeland borrowing $250,000 financed the 1.75% upfront mortgage insurance premium of $4,375, making the total loan amount $254,375.
What it is
The total loan amount is the full sum you borrow, including any financed fees or insurance. It can differ from the home's price.
It is the base your interest is charged on.
Why it matters
Knowing the total loan amount shows your real debt and payment. Financed fees add to what you owe.
We break down exactly what you are borrowing. Reach out and we will show every dollar.
Related program: Learn more →
Verify the details for your own situation against these government and agency sources: VA home loan eligibility and Florida Housing Hometown Heroes.