COMPARE THE OPTIONS

FHA vs. Conventional

Estimate the payment, mortgage insurance, cash to close, remaining balance, and hold-period cost using separate FHA and conventional assumptions.

FHA VS. CONVENTIONAL

Build Your Plan

01

PURCHASE DETAILS

Price, Value & Shared Housing Costs

$500,000
$100K$1.5M
$
%
$/yr
$/yr
$/mo
$
02

FHA OPTION

Down Payment, Rate & Mortgage Insurance

%
Quick Select
%
Quick Select
%
%
03

CONVENTIONAL OPTION

Down Payment, Rate & Private Mortgage Insurance

%
Quick Select
%
Quick Select
%
04

COMPARISON PERIOD

How Long You Expect to Keep the Loan

This calculator is a planning comparison, not an underwriting decision. Actual FHA eligibility, conventional PMI, rates, loan limits, credits, and closing costs depend on the borrower, property, lender, and loan program.

LOWER ESTIMATED MONTHLY PAYMENT

FHA
$0
FHA Lower Payment

Estimated monthly difference including principal, interest, property taxes, homeowners insurance, HOA, and modeled mortgage insurance.

FHA Estimated Payment$0
Conventional Estimated Payment$0
FHA Total Loan Amount$0
Conventional Loan Amount$0
FHA Estimated Cash to Close$0
Conventional Estimated Cash to Close$0
Initial FHA Monthly MIP$0
Initial Conventional PMI$0
Conventional 80% Milestone—
Lower Modeled Hold-Period Cost—

GOLDEN OAK INSIGHT

The lower payment and lower hold-period cost may not be the same option.

Compare upfront cash, mortgage insurance, remaining balance, and expected time in the loan.

HOLD-PERIOD ANALYSIS

5-Year View

FHA lower modeled cost
FHA Interest + Mortgage Insurance$0
Conventional Interest + PMI$0
FHA Remaining Balance$0
Conventional Remaining Balance$0
FHA Upfront Cash$0
Conventional Upfront Cash$0

SIDE-BY-SIDE COMPARISON

See How the Two Loan Structures Differ

Monthly payment is only one part of the comparison. Review cash, insurance, interest, and remaining balance together.

FHA OPTION

$0/mo

Down Payment$0
Base / Total Loan$0 / $0
Rate / Term0.000% / 30 years
Initial Monthly MIP$0
Cash to Close$0

CONVENTIONAL OPTION

$0/mo

Down Payment$0
Loan Amount$0
Rate / Term0.000% / 30 years
Initial Monthly PMI$0
Cash to Close$0

WHAT CHANGED

$0

Monthly Payment Difference$0/mo
Cash-to-Close Difference$0
Hold-Period Cost Difference$0
Ending Balance Difference$0
Comparison Period5 years

OFFICIAL RESOURCES

Verify FHA Limits and Learn About Mortgage Insurance

F

HUD RESOURCE

FHA Mortgage Limits

Look up the applicable FHA mortgage limit by state, county, metropolitan area, and property type.

Open Official FHA Limit Search →
i

CFPB RESOURCE

Private Mortgage Insurance

Review general federal PMI cancellation and automatic-termination rules for eligible conventional mortgages.

Open Official CFPB Resource →

NEXT PLANNING TOOLS

Continue Planning

Purchase Financing PlannerBuild a complete purchase scenario using price, down payment, rate, taxes, insurance, and closing costs.
→ $
Mortgage Payment CalculatorReview principal, interest, taxes, insurance, mortgage insurance, and HOA in one estimate.
→ +
Closing Cost CalculatorEstimate fees, prepaids, escrows, credits, deposits, and total cash needed to close.
→

THE RIGHT OPTION DEPENDS ON THE FULL BORROWER PROFILE

Compare More Than the Interest Rate

A personalized review can account for credit, income, debt ratio, loan limits, seller credits, mortgage-insurance pricing, and long-term plans.

Review Plan >

This calculator provides simplified estimates for educational purposes only. Actual FHA mortgage insurance, conventional PMI, rates, loan limits, qualification, credits, closing costs, payments, and cash requirements may differ. FHA and conventional mortgage-insurance duration and cancellation depend on applicable law, program rules, original LTV, servicing requirements, and loan terms.