conventionalhomeloans.services

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conventional rates from 5.750% · 5-20% down · No PMI at 20%+ Down Check rate →
Free conventional loan calculator · Instant results

conventional Mortgage Calculator

Calculate your estimated conventional loan payment. Adjust home price, rate, and term to see your monthly cost with 5-20% down and no PMI at 20%+ down.

$400,000
5.750%
30 years
$4,000
$1,800
Est. Monthly Payment
$2,818
Principal & Interest$2,334
Property Tax$333
Insurance$150
PMI$0
Down Payment$0
Get Exact Rate

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SIDE BY SIDE

conventional vs FHA vs Conventional

On a $400,000 home purchase with minimum down payment:

Conventional Loan
Best value
Down payment$0
Rate5.750%
PMI/PMI$0/mo
P&I Payment$2,334/mo
Total monthly$2,334
Conventional Loan
Down payment$14,000
Rate5.875%
PMI$251/mo
P&I Payment$2,283/mo
Total monthly$2,534
Conventional (5% down)
Down payment$20,000
Rate6.125%
PMI$183/mo
P&I Payment$2,310/mo
Total monthly$2,493
AFFORDABILITY

How Much Can You Afford?

Income: $75,000/yr
~$350K
Estimated home budget
Income: $100,000/yr
~$470K
Estimated home budget
Income: $150,000/yr
~$700K
Estimated home budget

Estimates assume 41% DTI, 5-20% down conventional loan at 5.750%, $400/mo other debt. Actual qualification depends on credit, employment, and residual income.

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Get your personalized conventional rate in 60 seconds. No SSN. No credit impact.

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FAQ

Frequently Asked Questions

Your conventional monthly payment includes principal and interest (based on loan amount, rate, and term), plus property taxes and homeowners insurance. Unlike conventional and conventional, conventional loans have $0 PMI. The conventional closing costs can be financed into the loan amount.
A general guideline is 4-5x your annual income, but conventional loans are more flexible than conventional. conventional uses a residual income test in addition to debt-to-income ratio, which often allows higher purchase prices than other programs.
Our calculator shows principal and interest, property taxes, and homeowners insurance. It does not include HOA fees, utilities, or maintenance. The conventional closing costs, if financed, would be added to the loan amount.
conventional payments are lower for three reasons: lower interest rates (currently 5.750% vs 6.125% conventional), 5-20% down payment (no additional loan amount from low down payment), and $0 PMI/PMI (saves $150-400+/month).
RELATED

Related Resources

Today's Conventional RatesConventional Purchase Loansconventional Refinance OptionsClosing CostsLoan Limits
EXPLORE

Related Resources

Rates TodayConventional PurchaseClosing CostsClosing CostsLoan Limits
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YOUR conventional RATE

Get Your Exact Payment

The calculator gives estimates. For your real rate and payment, get a personalized quote in 60 seconds.

Get Your Conventional Rate (702) 696-9900

No SSN required · No credit impact · NMLS #65506 · Equal Housing Lender

EXTRA PAYMENTS

Pay Off Your Loan Faster

See how extra monthly payments can save you thousands in interest and years off your loan.

$200
Interest Saved
$52,847
Years Saved
5.2 yrs
New Payoff
24.8 yrs

Based on $400,000 conventional loan at 5.750% over 30 years. conventional loans have no prepayment penalty.

REVIEWS

What conventional Buyers Say

★★★★★

"5-20% down, no PMI at 20%+ down, lowest rate I found. Valley West closed my conventional loan in 24 days."

— conventional buyer, Las Vegas
★★★★★

"Third conventional purchase with Valley West. They shop 50+ lenders every time. Always the best deal."

— conventional buyer, Henderson
★★★★★

"Saved $66K over conventional. Zero fees, zero hassle. Valley West knows conventional loans."

— conventional buyer, North Las Vegas
LIFETIME SAVINGS

Conventional Loan Lifetime Savings

The true cost difference between conventional, conventional, and conventional loans over the full 30-year term.

Conventional Loan
Total paid over 30 years
$0
5-20% down · $0 PMI · 5.750% rate
Monthly: $2,334 P&I
Best total cost
Conventional Loan
Total paid over 30 years
$0
5-20% down · PMI for life · 5.875%
Monthly: $2,617 (P&I + PMI)
+$101K more
Conventional (5% down)
Total paid over 30 years
$0
5% down · PMI ~7 years · 6.125%
Monthly: $2,613 (P&I + PMI)
+$175K more
WHY US
The Valley West Difference
50+
Lenders competing for your conventional loan.
$0
Down payment. $0 PMI. $0 fees.
28
Average days to close.
4.9★
790+ five-star reviews.
Check Your Conventional Rate →

Conventional Loan Resources

→ Conventional Eligibility → Conventional Rates Today → conventional Calculator → Conventional Purchase → conventional Refinance → conventional Guide → First-Time Buyer → Closing Costs → Closing Costs → conventional vs FHA
FAQ

Frequently Asked Questions

Enter your home price, subtract any down payment (often $0 for VA), add your interest rate, and select your loan term (typically 30 years). The calculator computes principal and interest. conventional loans have no monthly PMI, so your payment is lower than conventional loans at the same rate.

A conventional mortgage payment includes principal, interest, property taxes, and homeowner's insurance (PITI). Unlike conventional and conventional loans, conventional loans do not include monthly mortgage insurance. You may also have an escrow account for taxes and insurance.

Lenders typically use a 41% debt-to-income ratio for conventional loans, though higher ratios may be approved with compensating factors. For example, with $6,000 monthly income and $500 in existing debts, you could qualify for approximately a $1,960 monthly mortgage payment.

Yes, typically. conventional loans have no monthly PMI (saving $100-300/month), often have lower interest rates (0.25-0.50% less), and require 5-20% down payment. On a $400,000 home, a conventional borrower saves approximately $200-400/month compared to a conventional borrower with 5% down.

conventional loan rates depend on your credit score, loan amount, loan term, and market conditions. Homebuyers with 740+ credit scores typically get the best rates. Valley West Mortgage shops 50+ wholesale lenders to find the lowest available rate for your specific profile.

conventional rates from 5.750%
(702) 696-9900Check Conventional Rate