Section 184 Loan Calculator

The only Section 184 Loan Calculator that factors in accurate down payments and mortgage insurance for this program. Estimate your upfront and monthly costs.

Check your Section 184 Native American home loan eligibility.

Section 184 Loan Calculator

Section 184 Payment


Payment Breakdown

Principal & Interest


Mortgage Insurance




Loan Details

Base Loan Amount


Upfront Mortgage Insurance


Final Loan Amount


For informational purposes only. Not a quote or commitment to lend. Speak with a Section 184 lender for a written quote.

Section 184 Loan eligibility

To qualify for a Section 184 Loan, you must:

  • Be an enrolled member of a federally-recognized Indian Tribe
  • Belong to a Tribe that is approved by HUD for Section 184 loans
  • Plan to live in the home you are purchasing
  • Make enough money to qualify for the loan
  • Have decent credit
  • Have enough money saved to make a down payment of 2.25% of the home’s price plus Section 184 Loan closing costs.

See if you’re eligible for the Section 184 home loan.

Related: Section 184 Loan: Low Down Payment Homebuying For Native Americans

Section 184 Loan Calculator Definitions

Down payment: The percentage of your own funds that you put toward the purchase price. The rest of the home’s price is financed with the loan. You can often use gift funds or down payment assistance programs to cover your down payment.

Loan term: The number of years it will take to pay off your loan when making regular payments.

Mortgage rate: The amount of interest you pay per year. For instance, a 6% mortgage rate on a $100,000 loan will require $6,000 in interest per year, since that number is 6% of $100,000. Learn more about Section 184 loan rates.

Property taxes: The amount paid to the county where the home is located. Property taxes vary widely based on state and county, but a good rule of thumb is 1% of the home’s value per year.

Homeowner’s insurance: This insurance pays the costs of rebuilding the home if it is destroyed by fire or another eligible disaster. Lenders require this type of insurance since the home is the collateral for the loan. If it’s destroyed, they need to know it can be rebuilt.

HOA dues: Dues required by the homeowner’s association if the property is located in an HOA.

Section 184 Payment: Total monthly payment including principal, interest, taxes, homeowner’s insurance, and HOA dues.

Principal and Interest: The portion of the payment that goes toward paying down the loan balance (principal) plus paying that month’s interest on the loan.

Monthly mortgage insurance: Most loans with less than a 20% down payment require mortgage insurance. But not the Section 184 Loan. As of July 1, 2023, monthly mortgage insurance is no longer required.

Upfront mortgage insurance: Section 184 Loans require a one-time, upfront mortgage insurance payment of 1.0%, or $1,000 for every $100,000 in loan amount. This can be rolled into the loan instead of paid in cash upfront.

Base loan amount: The loan amount before upfront mortgage insurance. For Section 184 Loans, it’s typically 97.75% of the home’s price (since the down payment requirement is 2.25%).

Final loan amount: The loan amount after financing the upfront mortgage insurance.

Section 184 Calculator FAQ

How much home can I afford with a Section 184 Loan?

With this Section 184 Calculator, you can estimate a future monthly payment you will be comfortable with. To be approved, your mortgage payment plus all other debt payments can be no more than 43% of your before-tax income.

What are current Section 184 Loan mortgage rates?

Mortgage rates change daily, but Section 184 Loan rates are generally affordable since these loans are meant to encourage Native American homeownership. The best way to find your rate is to get a quote from a Section 184 lender based on your situation.

How do I know if I will be approved for a Section 184 Loan?

You can get a good idea whether you will be approved by reviewing Section 184 loan requirements. The only way to know for sure, though, is to get a pre-approval from a Section 184 lender.

Is a Section 184 Loan better than FHA?

A Section 184 Loan comes with no monthly mortgage insurance. In addition, it has lower down payment requirements than FHA and can be used on or off the reservation. However, there are more steps and the process is more complex compared to FHA. Additionally, fewer lenders offer Section 184 Loans. But those who put in a little extra work upfront can enjoy the lower costs of the Section 184 program.

Start your Section 184 Loan

Interested in buying a home with a low down payment and advantages geared specifically for Tribal members? Apply for a Section 184 Loan to get pre-approved to buy a home.

See if you qualify for the Section 184 Native American home loan.


  • Tim Lucas

    Tim Lucas (NMLS 118763) has 20 years of hands-on mortgage industry experience helping everyone from first-time buyers to experienced investors. He purchased his first home at 26 with just $1,100 out-of-pocket and now owns real estate worth $2.4 million. Tim was the managing editor at national websites and and has been featured in publications such as Time, U.S. News, MSN, and more. He is a licensed loan originator (NMLS 118763). Connect with Tim on LinkedIn, Twitter, and TikTok.