FHA vs. Conventional Loan Comparison Tool

FHA vs. Conventional Loan Comparison Estimator

Illustratively compare key financial aspects of FHA and Conventional loans.

** VERY IMPORTANT - PLEASE READ **

This tool provides **illustrative estimations** ONLY.
Actual loan terms, APRs, fees, and eligibility vary by lender, your profile, and market conditions. This is **NOT** a loan offer.
FHA and Conventional loan guidelines (MIP, PMI, DTI limits) can change. Verify with official sources.
This tool does **NOT** include all closing costs or assess full loan eligibility.
This is **NOT financial advice.** Consult with lenders and qualified financial advisors.

Property Purchase Price ($):

Down Payment Amount ($):

Loan Term (Years): (e.g., 30 or 15)

Estimated Annual Property Taxes ($):

Estimated Annual Homeowner's Insurance ($):

Interest Rate (%):

Upfront MIP (UFMIP) Rate (% of Base Loan): (e.g., 1.75%)

Finance UFMIP into Loan?

Annual MIP Rate (% of Avg. Loan Bal.): (e.g., 0.55% for LTV >95%, 30yr)

Interest Rate (%):

Annual PMI Rate (% of Loan Amount): (If DP < 20%, e.g., 0.5%-1%)

Other Specific Upfront Fees ($): (e.g., Origination, if not in APR)