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Conventional Loans
Traditional mortgages with competitive rates. Down payments as low as 3% with flexible options for every buyer.
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Why Go Conventional?
Conventional loans offer flexibility and competitive terms for borrowers with good credit. With no upfront mortgage insurance and cancellable PMI, they can be the most cost-effective option.
Down payments from 3%
No upfront mortgage insurance
PMI cancellable at 20% equity
Loan amounts up to $766,550
Fixed & adjustable rates
Faster processing times
Conventional Loan Requirements
Minimum Credit Score
660 (740+ for best rates)
Down Payment
3% - 20%+
Debt-to-Income Ratio
Up to 45-50%
Loan Limit (2026)
$766,550
Mortgage Insurance
PMI (cancellable)
Conventional Loan Calculator
Estimate your monthly payment with PMI, taxes, and insurance. Adjust your down payment to see how PMI changes.
Loan Purpose
$
%
${(calc.homePrice * (calc.downPaymentPercent / 100)).toLocaleString()} down
%
$
$
$
Estimated Monthly Payment
${(() => )()}
Principal & Interest
${(() => {
const loanAmount = calc.homePrice - (calc.homePrice * (calc.downPaymentPercent / 100));
const monthlyRate = (calc.rate / 100) / 12;
const numPayments = calc.term * 12;
return Math.round((loanAmount * monthlyRate * Math.pow(1 + monthlyRate, numPayments)) / (Math.pow(1 + monthlyRate, numPayments) - 1)).toLocaleString();
})()}
{calc.downPaymentPercent < 20 && (
PMI
${(() => {
const loanAmount = calc.homePrice - (calc.homePrice * (calc.downPaymentPercent / 100));
return Math.round((loanAmount * (calc.pmiRate / 100)) / 12).toLocaleString();
})()}
Property Tax
${Math.round(calc.propertyTax / 12).toLocaleString()}
Home Insurance
${Math.round(calc.homeInsurance / 12).toLocaleString()}
{calc.hoa > 0 && (
HOA Dues
${calc.hoa.toLocaleString()}
Loan Amount
${(() => { const loanAmount = calc.homePrice - (calc.homePrice * (calc.downPaymentPercent / 100)); return loanAmount.toLocaleString(); })()}
Down Payment
${(calc.homePrice * (calc.downPaymentPercent / 100)).toLocaleString()}
PMI Status
PMI Rate
This calculator is for informational purposes only. Results are estimates and are not exact — they do not include all closing costs, prepaid interest, or escrow deposits. PMI rates are approximate and can vary based on credit score, debt-to-income ratio, and other factors. Contact us for a personalized quote.
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Mortgage Knowledge Center
Common Conventional Loan Questions
Straight answers to the questions buyers ask us most — from down payments and PMI to self-employment, refinancing, and closing timelines.
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>
{item.q}
))}
2MG Daily
Latest Conventional Insights
Recent articles from our blog covering conventional loans, PMI, and homebuying tips.
No conventional blog posts yet. Check back soon for the latest updates.
Conventional
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