Mortgage insurance comparison

See conventional PMI, FHA premiums, the VA funding fee, and USDA fees side by side on the same numbers. PMI varies by insurer, so you type the PMI rate; the other programs use their published fee rules.

The rules behind each fee are in Mortgage insurance explained and Loan programs. To check loan-to-value first, use the LTV calculator; to see a full monthly payment, use the payment calculator.

Compare PMI, FHA MIP, the VA funding fee, and USDA fees

Programs to comparePick one program to see only its fields and column. All four programsConventional onlyFHA onlyVA onlyUSDA only

Purchase price Dollar amount.

Down payment Dollar amount. 0 is allowed.

Down payment entered asDollars or percent of price.Dollars ($)Percent of price (%)

Interest rate (%) The annual rate a lender quoted you. This site does not supply rates. Used for principal and interest and the USDA annual fee.

Loan termFixed-rate term.30 years25 years20 years15 years10 years

PMI rate (% per year) optional Conventional only. From your lender. Leave blank to leave PMI out.

VA funding fee useExempt includes veterans receiving VA disability compensation (see VA’s list).First useSubsequent useExempt from the funding fee

Add FHA, VA, and USDA upfront fees to the loan

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Every column is an illustration of a published rule on the same inputs. Programs have eligibility rules this tool doesn’t check, and the comparison isn’t a ranking.

Guidelines change; confirm with a licensed lender.