Compare Common Loans for First Time Home Buyers
This calculator allows for the comparison of two loans over a period of time. It accounts for the trade-offs between mortgage rate and closing costs.
FHA MIP will change from time to time, but is typically correct. Conventional mortgage insurance, or PMI, varies from lender to lender, insurer to insurer. The values here will often be close, but check with your lender for exact rates and qualification requirements.