The only loan for which your down payment affects your mortgage insurance is the conventional mortgage. The smaller your down payment, the higher your monthly PMI.
A conventional mortgage loan is generally considered a mortgage loan that meets guidelines established by Fannie Mae and/or Freddie Mac. Calculate an accurate payment that accounts for various down payments, property taxes, and homeowner’s insurance. How to use our mortgage loan payment calculator: Change any field to automatically calculate your mortgage payment.
What Is A Conventional Mortgage Loan Conventional Mortgage Condo Requirements Buying A Condo With An FHA, VA, Or Conventional Loan. – Buying A Condo With A Fannie Mae Or freddie mac loan. conventional loans are those provided by local and national lenders, and approved by Fannie Mae and Freddie Mac guidelines. Conventional Loan Guidelines 2019 – Mortgage Rates & News. – Conventional Loan Requirements for 2019.