If you’re making a down payment of less than 20% on a home, it’s important to understand your options for private mortgage insurance (PMI).

See the latest FHA interest rates to find out how much you could save on your monthly mortgage payment ... FHA loan benefits and drawbacks Mortgage calculator FHA interest rates FAQs Read next ...

Private mortgage insurance: If you put down ... You can add that to your monthly payment calculation. In the middle of the payment calculator is a pie chart showing a graphic breakdown of the ...

For example, you need to put 20% down to get a conventional loan if you want to avoid private mortgage insurance (a nominal extra monthly cost). VA loans and USDA loans may not require a minimum ...