Conventional vs. FHA Loan
Property Info
Conventional
Sale Price
Annual Real Estate Taxes
Monthly Fee (HOA, condo, etc.)
FHA
Sale Price
Annual Real Estate Taxes
Monthly Fee (HOA, condo, etc.)
Down Payment and Loan Factors
2nd Mortgage Option
Property Expenses
Total Monthly Payments with Property Expenses
Closing Costs and PrePaid Expenses
Costs for Calculating APR
Cash to Close
Qualification
Summary
Conventional
Total Estimated Monthly Payment
Total Cash to Close
Income to Qualify @ ratio of
FHA
Total Estimated Monthly Payment
Total Cash to Close
Income to Qualify @ ratio of
Please Note- Closing costs are approximated, and this does not constitute a Good Faith Estimate or an offer to lend. Income and criteria to qualify can vary. Qualification is also dependent on the amount of other monthly recurring debt that you may have such as car loans, student loans, credit card debt, etc.

We're happy to assist with different scenarios or to explain further the differences that exist between these or other loan types. Everyone's situation is unique, and we are experts at matching yours to an affordable and comfortable loan program.


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