How much will your payments be on a conventional loan?
62% of all buyers used conventional loans to finance their new homes, according to the 2023 NAR Buyers & Sellers Generational Trends.
Conventional mortgages are ideal for buyers with good credit and money to put down. They typically require a higher down payment, usually 5%–20% and also have higher income and credit score requirements than government loans. Typical fixed-rate loans have a term of 30 or 15 years.
Use the morgage calculator below to estimate your payment.