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Mortgage Planning Tool v2
Multi-home FHA vs Conventional planner
Active Home

Home Purchase Dashboard

Adjust upgrades, credits, escrow, buydowns, and loan assumptions for Current Home.

Conventional Better$135.72/mo difference
Grand Sale Price
$683,700.00
Options Removed
$0.00
Total Closing Credits
$0.00
Best Monthly Payment
$3,945.09
Conventional is cheaper

Upgrade Options

Check an item to remove it from this home. Hover the info icon to see details.

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Plumbing
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Electrical
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Cabinets
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Flooring
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Home Information

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Options Total$73,800.00
Options Eliminated$0.00
New Options Total$73,800.00
Grand Total Sale Price$683,700.00

Assumptions

Grouped by loan type and escrow.

FHA Assumptions
Conventional Assumptions
Escrow Assumptions
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Credits & Closing
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DTI / Qualification
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Temporary Rate Buydowns

Optional. Add year 1 and year 2 rates. Year 3+ uses the normal loan rate.

FHA Year 1 Rate
FHA Year 2 Rate
FHA Year 3+ Rate
Conv Year 1 Rate
Conv Year 2 Rate
Conv Year 3+ Rate
FHA Year 1 @ 3.990%$4,080.81
End balance: $659,473.81
FHA Year 2 @ 4.990%$4,468.93
End balance: $649,075.25
FHA Years 3-30 @ 5.990%$4,868.24
End balance: $0.00
Conventional Year 1 @ 3.990%$3,945.09
End balance: $638,056.93
Conventional Year 2 @ 4.990%$4,320.60
End balance: $627,996.07
Conventional Years 3-30 @ 5.990%$4,706.94
End balance: $0.00

Loan Comparison

Payment includes principal, interest, mortgage insurance, tax escrow, and homeowners insurance. Buydown rows show payment changes by year.

FHA
$4,080.81
initial estimated monthly payment
Down Payment$23,929.50
Base Loan$659,770.50
Upfront MIP Financed$11,545.98
Total Financed$671,316.48
Initial P&I$3,201.10
Monthly MIP$302.39
Tax$377.32
Insurance$200.00
Cash to Close$30,245.94
DTI48.67%
Conventional
$3,945.09
initial estimated monthly payment
Down Payment$34,185.00
Financed Loan$649,515.00
Initial P&I$3,097.14
Monthly PMI$270.63
Tax$377.32
Insurance$200.00
Cash to Close$40,447.78
DTI47.55%
DescriptionFHAConventional
Grand Sale Price$683,700.00$683,700.00
Down Payment$23,929.50$34,185.00
Base Loan$659,770.50$649,515.00
Principal & Interest$3,201.10$3,097.14
Mortgage Insurance$302.39$270.63
Property Tax$377.32$377.32
Home Insurance$200.00$200.00
Total Closing Credits$0.00$0.00
Total Monthly Payment$4,080.81$3,945.09

Ask AI Advisor

Uses this active home, its options, assumptions, buydowns, payment breakdowns, and AI history.

AI response will appear here.

Recent AI History for Current Home

If I were to take my available credits, and buy down the rate. How much rate buy down can I get with the credit I have …
2026-06-06 22:20:56
How is the FHA slightly cheaper per month, but I put so much more down on the Conventional?
2026-06-06 22:01:01