Conventional
Conforming
- Purchase price
- $500,000
- Loan structure
- $400,000 first mortgage
- Loan-to-value
- 80% LTV
MORTGAGE PROGRAM SCENARIOS
Eight structures. One consistent comparison.
Each card shows the purchase price and loan structure supplied for the comparison. A current rate, APR, payment, points, and cash-to-close figure requires complete borrower and property details plus current written pricing.
Conventional
High-balance
- Purchase price
- $1,200,000
- Loan structure
- $900,000 first mortgage
- Loan-to-value
- 75% LTV
Conventional
Jumbo
- Purchase price
- $1,600,000
- Loan structure
- $1,200,000 first mortgage
- Loan-to-value
- 75% LTV
FHA
Standard balance
- Purchase price
- $500,000
- Loan structure
- $482,500 first mortgage
- Loan-to-value
- 96.5% LTV
FHA
High balance
- Purchase price
- $900,000
- Loan structure
- $868,500 first mortgage
- Loan-to-value
- 96.5% LTV
VA
VA purchase
- Purchase price
- $400,000
- Loan structure
- $400,000 first mortgage
- Loan-to-value
- 100% LTV
USDA
USDA purchase
- Purchase price
- $400,000
- Loan structure
- $400,000 first mortgage
- Loan-to-value
- 100% LTV
FHA
FHA with down-payment assistance
- Purchase price
- $400,000
- Loan structure
- $386,000 first + $14,000 assistance second
- Loan-to-value
- 100% combined
What comes next
Keep these scenario definitions stable. When current pricing is connected, add rate, APR, points, principal and interest, lender fees, and cash to close without changing the underlying comparison profile.
Compare more than the rate.
Rate and APR
The rate affects principal and interest. APR includes certain borrowing costs and helps compare offers when the loan assumptions match.
Points and credits
Points raise the upfront cost to lower the rate. Lender credits can reduce eligible closing costs while changing the rate.
Payment and cash
The lowest rate is not the full housing budget. Compare taxes, insurance, mortgage insurance, association costs, prepaids, and cash to close.
Lock and conditions
A rate lock has an expiration date and conditions. Confirm the property, loan program, extension terms, eligibility, and underwriting requirements.
Use the same assumptions.
Compare written terms using the same loan amount, program, term, lock period, and property assumptions. A change to any of those inputs can change the pricing.
Use the rate for payment and APR for borrowing cost.
The interest rate affects principal and interest. APR is a broader comparison measure that includes certain borrowing costs. Neither replaces the itemized Loan Estimate.
Compare points and lender credits.
Paying points can reduce the rate at an upfront cost. A lender credit can reduce eligible closing costs while changing the rate. Compare both against the expected holding period.
A rate lock expires and comes with conditions.
Confirm the expiration date, property address, loan program, and what happens if the transaction needs more time. A rate seen before a lock is not a locked term.
Calculate the complete monthly payment.
Add taxes, homeowners insurance, mortgage insurance, and association dues before comparing the complete monthly payment.
USE YOUR OWN NUMBERS
Start a mortgage scenario or compare a written offer.
Use prequalification to build a purchase scenario, or enter the terms from an offer you already have.