Quick Compare Calculator
Compare MGIC's Monthly MI with FHA
With just a few pieces of loan information, determine how borrowers will fare using an FHA loan or conventional financing with MGIC Monthly MI. Calculations are based on:
- 30-year, fixed-rate loan
- standard Agency coverage
Some LTV and credit score scenarios may be unavailable in certain markets.
Results include projected costs and home equity gains for 2, 5 and 10 years out.
This calculator is not an underwriting tool. It is a loan scenario comparison tool, programmed with only a few key eligibility rules, provided for use by mortgage professionals only. Although MGIC believes calculations to be accurate, results are not warranted and should not be relied upon for borrower qualification, MI eligibility, Agency acceptance or future home value.
American Dreams
Owning a home is still part of the American dream. With MGIC's Monthly MI, you can help make dreams come true — for less than the cost of using FHA.
