FHA vs. Conventional Loan Calculator
Compare FHA and conventional loans side by side — monthly payments, mortgage insurance costs, and total cost over time. Find out which loan type saves you more.
FHA vs Conventional Loan Calculator
FHA Loan
$2,682/mo
P&I: $2,508
MIP: $174/mo
Upfront MIP: $6,650
Rate: 6.75%
Down: $20,000 (5%)
Conventional
$2,481/mo
P&I: $2,402
PMI: $79/mo
PMI drops ~year 12
Rate: 6.50%
Down: $20,000 (5%)
10-Year Total Cost Winner
Conventional
Saves $24,114 over 10 years
FHA: $321,837 · Conv: $297,723