Interactive tool · 11 loan types
Compare any two mortgage types
Illustrative only, using sample national rates. Principal & interest only — taxes, insurance, HOA and mortgage insurance are excluded and will raise the real payment. Minimums shown are typical program floors; lender overlays apply. Not a quote, pre-approval, or offer of credit.
Interactive tool · 11 loan types
Set a home price, pick two loan programs — see monthly payment and total interest side by side. Conventional, FHA, VA, USDA, bank statement, DSCR, ITIN, asset depletion and more. Rates derived from Freddie Mac PMMS (Sep 17, 2026) — illustrative, not a quote.
How to read this comparison
- Monthly P&I only. The payment shown is principal and interest. Your actual payment also includes property taxes, homeowner’s insurance, and — for many loan types — mortgage insurance or HOA dues. Budget roughly 0.5–1.5% of the home price annually for taxes and insurance combined, depending on your state.
- Down payment = published minimum. VA and USDA permit 0% down; conventional and FHA start at 3–3.5%. Non-QM programs (bank statement, DSCR, ITIN) show the published floor — many lenders require 15–25% based on your credit score and LTV.
- Rate = Freddie Mac PMMS + published spreads. The conventional 30-yr rate is the national weekly average from Freddie Mac. All other programs are derived by adding typical market spreads to that base rate. Non-QM rates vary significantly by lender, credit, LTV, and prepayment terms — treat these as a benchmark, not a locked price.
- Term matters for the 15-yr option. A 15-yr conventional loan carries a lower rate than a 30-yr, but the higher monthly payment reduces your qualifying DTI. Use the DTI calculator to see how each term affects your debt-to-income ratio at your actual income.
Self-employed tip: Compare conventional against bank statement at your expected home price. A bank-statement loan has a higher rate — but if your tax-return net income doesn’t qualify you at the conventional rate, that lower rate is irrelevant. A bank-statement approval at 7.5% beats a conventional decline every time.
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How we source this
Program terms compared here follow the agency and FHA guidelines, not lender marketing. All outputs are illustrative samples, not quotes, pre-approvals or offers of credit.