Comparar Préstamos FHA vs Convencional vs VA
Which mortgage loan type is best for me?
Enter your home price, down payment, and credit score into the comparison calculator above. It shows FHA, Conventional, and VA loans side by side — comparing monthly payments, mortgage insurance costs, down payment requirements, and total cost over the life of each loan to help you choose the best option.
¿Cuál Préstamo Es el Adecuado Para Usted?
FHA: Ideal para compradores por primera vez o quienes tienen puntajes de crédito más bajos. Requiere un 3.5% de pago inicial con un puntaje de 580 o más. Tiene seguro hipotecario (MIP) tanto inicial como anual durante la vida del préstamo.
Convencional: Ideal para compradores con buen crédito (680+) y un 5-20% de pago inicial. El PMI se puede eliminar al alcanzar el 80% del LTV. Frecuentemente el costo total más bajo para prestatarios bien calificados.
VA: Disponible para veteranos y militares activos. Sin pago inicial, sin seguro hipotecario mensual. La tarifa de financiamiento VA puede incluirse en el préstamo. A menudo la mejor opción para prestatarios elegibles.
Loan Comparison FAQ
FHA loans are government-insured with low down payments (3.5%) and flexible credit requirements but require lifetime mortgage insurance. Conventional loans need higher credit but offer PMI removal at 80% LTV. VA loans are for military-connected borrowers with no down payment and no monthly MI — often the best deal for those who qualify.
VA loans typically have the lowest monthly payment since there's no down payment requirement and no monthly mortgage insurance. However, for non-military borrowers, the answer depends on your down payment and credit score. FHA often has lower P&I but higher total costs due to MIP. Conventional with 20% down eliminates MI entirely.
Yes, you can refinance from FHA to Conventional once you have at least 20% equity and a credit score of 620+. This eliminates FHA's lifetime mortgage insurance premium (MIP), which can save $100-300+/month. Many borrowers start with FHA and refinance to Conventional within a few years.
Mortgage insurance protects the lender if you default. FHA charges both upfront (1.75% of loan) and annual MIP (0.55%/year). Conventional PMI ranges from 0.3-1.5% annually based on credit and LTV, and is removable at 80% LTV. VA has a one-time funding fee (1.25-3.3%) but no monthly MI.