Conventional Loan Calculator
Calculate your conventional mortgage payments, PMI costs, and loan qualification. Estimate payments for conforming and jumbo conventional loans.
Conventional Loan Calculator
Estimate your conventional mortgage payments, down payment requirements, and PMI costs
The full conventional loan calculator is available on our main calculator page
Go to Main CalculatorConventional Loan Benefits
- Flexible Terms: 10, 15, 20, 25, or 30-year options
- Lower Rates: Competitive interest rates
- No PMI: Avoid PMI with 20% down payment
- Property Types: All property types eligible
Qualification Requirements
- Credit score: 620+ (720+ for best rates)
- Down payment: 3-20%
- DTI ratio: Below 43%
- Stable income and employment
Conventional Loan Limits
Understanding conforming and jumbo loan limits
Conforming Loans
Loans that meet Fannie Mae and Freddie Mac requirements
Limit: $766,550 (2024)High-Cost Areas
Higher limits in expensive housing markets
Up to $1,149,825Jumbo Loans
Loans exceeding conforming limits require stricter qualifications
Over $766,550PMI (Private Mortgage Insurance)
When PMI is Required
PMI is required when your down payment is less than 20% of the home's value.
Down PaymentPMI Rate
Less than 5%0.5-1.0% annually
5-10%0.3-0.7% annually
10-20%0.1-0.5% annually
Calculate Your Conventional Loan
Use our mortgage calculator to estimate your conventional loan payments and PMI costs.
Start Calculating