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    FHA · VA · Conventional Comparison

    Compare your three main loan options side by side — monthly payment, mortgage insurance, and cash to close.

    Inputs
    $450,000
    5%
    6.625%
    6.250%
    6.000%
    720
    Conventional6.625%

    Monthly Payment

    $3,562

    Principal + Interest$2,737
    Mortgage Ins.$249
    Down Payment$22,500
    Upfront MI/FF$0
    FHA6.250%

    Monthly Payment

    $3,498

    Principal + Interest$2,721
    Mortgage Ins.$203
    Down Payment$15,750
    Upfront MI/FF$7,599
    VA6.000%

    Monthly Payment

    $3,197

    Principal + Interest$2,622
    Mortgage Ins.$0
    Down Payment$22,500
    Upfront MI/FF$9,832

    Estimate only. FHA MIP and Conventional PMI assumptions vary by lender. VA funding fee may apply. Contact Joseph Le, NMLS 529658, for exact figures.