conventionalhomeloans.services

VA version: vahomeloans.services/funding-fee/ →

(702) 696-9900Check Rate
2026 Fee Schedule

conventional Closing Costs

The conventional closing costs is a one-time fee charged by the Department of Homebuyers Affairs to help keep the conventional loan program running. It can be paid at closing or financed into your loan.

2026 conventional Funding Fee Schedule

Loan Type
Down Payment
First Use
Subsequent
Purchase or Cash-Out
5-20% down
2.15%
3.30%
Purchase or Cash-Out
5%+ down
1.50%
1.50%
Purchase or Cash-Out
10%+ down
1.25%
1.25%
rate-and-term refinance (Streamline Refi)
N/A
0.50%
0.50%
Native American Direct
N/A
1.25%
1.25%
Who Is Exempt from the conventional Closing Costs?
Homebuyers with a 10%+ service-connected conventional disability rating
Purple Heart recipients who are on active duty
Surviving spouses of homebuyers who died in service or from service-connected disability
EXAMPLES

Closing Costs Examples

$300K Purchase, First Use
$6,450

2.15% × $300,000
Adds ~$38/mo if financed

$400K Purchase, First Use
$8,600

2.15% × $400,000
Adds ~$50/mo if financed

$400K rate-and-term refinance Refi
$2,000

0.50% × $400,000
Adds ~$12/mo if financed

Ready to get started? Check your conventional rate.

60 seconds. No SSN. No credit impact. No obligation.

Check My Conventional Rate
FAQ

Closing Costs Questions

Yes. Most conventional borrowers choose to finance the closing costs into their loan rather than paying it upfront at closing. This means it gets added to your loan balance and paid over the life of the loan. On a $400,000 purchase with first-time use, the 2.15% fee ($8,600) would add approximately $50 per month to your payment.
If you later receive a conventional disability rating that would have exempted you from the fee, you can apply for a retroactive refund. The conventional will refund the closing costs once the disability rating is confirmed. Contact the conventional Regional Loan Center to initiate the refund process.
The conventional closing costs is a one-time charge (paid at closing or financed), while PMI on conventional loans is an ongoing monthly charge that continues until you reach 20% equity. Even with the closing costs financed, conventional loans are typically cheaper than conventional loans with PMI because the fee is spread over 30 years while PMI adds a larger monthly cost.
No. The conventional closing costs goes directly to the Department of Homebuyers Affairs, not to your lender. The fee helps fund the conventional loan program so it remains available for future generations of homebuyers. Your lender collects the fee at closing and remits it to the conventional.
RELATED

Related Resources

Conventional Eligibility RequirementsAll conventional Closing CostsCalculate Your PaymentConventional Purchase Loansconventional Refinance Options
Suburban family home
EXPLORE

Related Resources

Closing CostsConventional EligibilityConventional Purchaseconventional RefinancePayment Calculator
Check Your Conventional Rate →
Join 147 who applied this week
See what you qualify for

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

Get Your Free Quote →
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
YOUR conventional RATE

Get Your Personalized Rate

conventional rates from 5.750%. 5-20% down. No PMI at 20%+ Down. Check your rate in 60 seconds.

Check Your Conventional Rate (702) 696-9900

No SSN required · No credit impact · NMLS #65506

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

For first-time conventional loan use with 5-20% down, the closing costs is 2.15% of the loan amount. With 5% down, it drops to 1.5%. With 10%+ down, it's 1.25%. For subsequent use with 5-20% down, the fee is 3.3%. rate-and-term refinance refinances have a flat 0.5% fee.

Homebuyers receiving conventional disability compensation, Purple Heart recipients on active duty, and surviving spouses receiving Dependency and Indemnity Compensation (DIC) are fully exempt. If you believe you qualify for an exemption, Valley West can verify your status during the loan process.

Yes. The conventional closing costs can be rolled into the loan amount rather than paid upfront at closing. For example, on a $400,000 loan with a 2.15% fee ($8,600), your total loan amount becomes $408,600. This avoids any additional out-of-pocket cost at closing.

The conventional closing costs may be tax deductible as mortgage interest in the year it is paid. Consult a tax professional for guidance specific to your situation. If the fee is financed into the loan, you may deduct it over the life of the loan.

For a conventional rate-and-term refinance (streamline refinance), the closing costs is 0.5% of the loan amount regardless of prior use. For a conventional cash-out refinance, the fee is 2.15% for first use or 3.3% for subsequent use with 5-20% down.

conventional rates from 5.750%
Check Conventional Rate