Trying to decide between an FHA loan and a conventional mortgage? You're not alone. These two popular loan types have different qualification rules, upfront and long-term costs, and pros and cons depending on your credit, income, and homebuying goals.
Use the calculator to instantly compare monthly payments, upfront mortgage insurance, and total loan costs over the life of a loan.
The right loan depends on your financial situation and future plans. Use the calculator to plug in your numbers and see how the total costs compare over time.
Don’t guess—use real numbers to decide. This calculator helps you make your decision using actual math—not guesswork. You’ll get clarity on:
Whether you’re a first-time homebuyer or refinancing, this tool helps you make an informed choice with real numbers based on your financial profile.
No email required. No credit pull. Just simple, side-by-side numbers.
FHA loans are backed by the Federal Housing Administration and are designed to make homeownership more accessible—especially for buyers with lower credit scores or smaller down payments.
They allow down payments as low as 3.5% and credit scores as low as 580, but require mortgage insurance for the life of the loan.
Conventional loans, on the other hand, are not government-backed. They often have stricter credit and income requirements but offer more flexibility and lower long-term costs, especially if you can put 20% down or more.
Mortgage insurance (PMI) is required if your down payment is under 20%, but it can be canceled once you build enough equity.
Once you’ve run the numbers, take the next step.
We can match you with trusted FHA and conventional lenders who fit your credit profile and financial goals.
Whether you're ready to buy or just researching, we’re here to help. Get started with a fast, no-obligation quote today.
