FHA vs Conventional Loan 2026: Which Saves You $50,000+?
75% of First-Time Buyers Choose the WRONG Loan Type
They lose $50,000-$100,000 over 30 years because they don't understand the REAL cost difference. FHA has a lower rate (5.74%) but lifetime mortgage insurance makes it more expensive long-term. Use our calculator below to see which saves YOU money.
🧮 FHA vs Conventional Calculator
Enter your info to see REAL costs side-by-side. See which loan saves YOU $50K+ over 30 years.
Good
FHA is always 3.5%
FHA Loan
⚠️ MIP is LIFETIME (can't cancel)
Conventional Loan
✓ PMI drops after 8 years
🏆 THE WINNER: Conventional Saves $38,095!
Monthly Savings: $4/month
30-Year Savings: $38,095
✓ No upfront MIP
✓ PMI cancels at 20% equity
✓ Lower total cost long-term
BUT: Need $26,000 more upfront
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Now that you know which loan saves YOU money, compare rates from 50+ lenders and get personalized quotes in 3 minutes.
Compare FHA vs Conventional Rates →🎯 Which Loan is Right for YOU? (4 Questions)
Answer 4 quick questions to get a personalized recommendation.
Question 1 of 4: What's your credit score?
"Should I get an FHA or conventional loan?" This is the #1 question first-time buyers ask. And 75% get it wrong because they only look at the interest rate (FHA 5.74% vs Conventional 6.19%) and think FHA is cheaper.
The TRUTH: FHA costs $50,000-$100,000 MORE over 30 years despite the lower rate. Why?Lifetime mortgage insurance (1.75% upfront + 0.55-0.80% annually) that NEVER goes away. Conventional PMI cancels at 20% equity, saving you tens of thousands.
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You know which loan type is better for YOU. Now compare personalized quotes from 50+ lenders and see your real rates, fees, and monthly payments.
Frequently Asked Questions
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You've calculated the savings. You know FHA vs Conventional. Now compare personalized mortgage quotes from 50+ lenders and lock in your rate.
✓ Free quotes • ✓ No obligation • ✓ FHA & Conventional • ✓ Best rates
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Meet Sarah
Senior Mortgage Advisor & VA Loan Specialist
Sarah Mitchell brings over 12 years of mortgage industry expertise, specializing in VA loans and first-time homebuyer programs. As a certified NMLS professional, she has helped thousands of veterans and military families achieve homeownership through specialized loan programs. Her deep understanding of VA benefits and down payment assistance programs makes her a trusted advisor for service members transitioning to civilian life.
EXPERTISE:
KEY ACHIEVEMENT:
Helped 2,500+ veterans secure home loans