Best FHA Loan Rates
Review FHA mortgage offers with lower down payment thresholds while keeping mortgage insurance and long-term cost in view.
Mortgage Calculator
Use the tool below to estimate your monthly mortgage payment across different loan terms, then open the full calculator for amortization, PMI, and more.
Mortgage Payment Preview
Lowest monthly
$2,129
Loan amount
$320,000
Best total paid
$431k
Loan types compared
Rates are approximate — your actual rate depends on credit score, down payment, and lender
30-Year Fixed
Min down: 3%
~6.9%
15-Year Fixed
Min down: 3%
~6.2%
5/1 ARM
Min down: 5%
~6.2%
FHA Loan
Min down: 3.5%
~6.7%
VA Loan
Min down: 0%
~6.5%
What buyers often miss
Four things that change your total cost dramatically
Your rate vs. the headline rate
The rates you see advertised assume a 760+ credit score, 20% down, and a primary residence. Your actual rate could be 0.5-1.5% higher depending on your credit profile and loan-to-value ratio.
A 0.5% rate difference is enormous
On a $400,000 30-year mortgage, the difference between 6.5% and 7.0% is $122/month — and $43,920 in total interest over the life of the loan. Shop at least 3 lenders.
PITI — your real monthly payment
Principal + Interest + Taxes + Insurance. Lenders quote the P&I portion. Add property taxes (~1% of value/year) and homeowners insurance (~$1,200/yr) to get your true monthly cost.
PMI adds up fast
If you put down less than 20%, expect to pay PMI of 0.5-1.5% annually. On a $400,000 loan that's $2,000-$6,000/year — zero of which builds equity. Request cancellation once you hit 20%.
Mortgage & Home Buying Articles
Guides on mortgage types, rates, and the home buying process.