By means of density functional theory, we perform a focused study of both body-centered-cubic (bcc) and face-centered-cubic (fcc) Fe-Ni random solid solutions, represented by special quasirandom structures. The whole concentration range and various magnetic configurations are considered. Excellent agreement on the concentration dependence of magnetization is found between our results and experimental data, except in the Invar region. Some locally antiferromagnetic fcc structures are proposed to approach experimental values of magnetization. Vibrational entropies of ordered and disordered systems are calculated for various concentrations, showing an overall good agreement with available experimental data. The vibrational entropy systematically contributes to stabilize disordered rather than ordered structures and is not negligible compared to the configurational entropy. Free energy of mixing is estimated by including the vibrational and ideal configurational entropies. From them, low- and intermediate-temperature Fe-Ni phase diagrams are constructed, showing a better agreement with experimental data than the one from a recent thermodynamic assessment for some phase boundaries below 700 K. The determined order-disorder transition temperatures for the $\mathrm{L}{1}_{0}$ and $\mathrm{L}{1}_{2}$ phases are in good agreement with the experimental values, suggesting an important contribution of vibrational entropy.
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