Loan Officer Tools · FHA vs. Conventional

Make FHA and conventional tradeoffs easy to see.

Compare entered payment, mortgage insurance, cash to close, and a five-year illustration. Use current lender pricing and the official Loan Estimates before advising a borrower.

Report Title

Client Name (Optional)

FHA vs. Conventional Illustration

Step 1 of 2

Enter current loan assumptions

Mortgage insurance and closing figures vary. Enter the actual quoted rates, costs, and credits instead of relying on defaults.

Shared purchase

Purchase Price

Estimated Closing CostsUse costs permitted for the selected program.

FHA Option

Option A

Down Payment (%)

Interest Rate (%)

Upfront MIP (%)Enter the rate in the actual FHA quote.

Annual MIP (%)Enter the annual MIP in the actual quote.

Lender Credits ($)

Conventional Option

Option B

Down Payment (%)

Interest Rate (%)

Annual PMI (%)Use the actual quoted PMI rate or payment.

Lender Credits ($)

Illustration only—not a Loan Estimate, approval, or pricing commitment. FHA upfront MIP, annual MIP, conventional PMI, rates, credits, costs, eligibility, and cancellation rules can vary. The five-year view holds entered mortgage-insurance amounts constant and excludes taxes, homeowners insurance, escrow, prepaid items, property appreciation, principal reduction, and any future MI termination. Confirm figures on official Loan Estimates and applicable program guidance.