Conventional rates are often competitive with FHA, but total cost depends on MI, credit, and down payment. Compare with The 2 Mortgage Guys.
Conventional rates are often competitive with FHA, but total cost depends on MI, credit, and down payment. Compare with The 2 Mortgage Guys.
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Sometimes — but the rate alone is not the whole story. Conventional and FHA pricing move with credit, down payment, and mortgage insurance. The better loan is the one with the lower total monthly cost and clearer path to drop insurance.
A slightly higher note rate can still win if mortgage insurance is lower or removable.
Stronger credit and larger down payments often favor conventional total cost.
FHA shines when credit or down payment makes conventional expensive or unavailable.
We put both options side by side with your real credit and down payment.
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Steve DeLon NMLS# 202876
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