Try the conventional calculator
Conventional Loan Calculator
Standard 15/30-year conventional with LTV-driven PMI that drops at 78% LTV.
Down: $45,000
Estimates only. Not a commitment to lend. Actual rates and fees depend on credit, property, lender pricing, and underwriting. Consult a licensed loan officer.
What the conventional calculator handles
Conventional loans look simple until you account for the LTV-tiered PMI schedule. The snapshot’s calculator does:
- LTV-driven PMI — rates step down as LTV drops:
- LTV >95%: ~0.90% annual
- LTV 90.01-95%: ~0.72% annual
- LTV 85.01-90%: ~0.58% annual
- LTV 80.01-85%: ~0.45% annual
- LTV ≤80%: no PMI
- PMI drop-off awareness — outputs language explaining that PMI drops automatically at 78% LTV (Homeowners Protection Act) and is requestable at 80%.
- 15 vs 30 year terms — toggleable, with total-interest comparison.
- Property tax + insurance + HOA — full PITI with PMI separated as its own line.
The conventional 97% trap
Many borrowers who qualify for conventional 97% LTV programs get steered into FHA because the originator defaults to FHA on low-down buyers. The snapshot’s conventional calculator is the easiest way to show a borrower side-by-side what 3% down conventional looks like vs 3.5% down FHA — and let them see for themselves which is cheaper.
Where it lives in the snapshot
- Embedded on the homepage as a lead-magnet
- Standalone calculator page (this page, white-labeled)
- First-time-homebuyer funnel landing
- Realtor co-marketing pages
- AI receptionist handoff target
All 7 calculators ship with the snapshot — install in 24 hours
Does this handle conventional 97% LTV (3% down) programs?
Yes — set the down payment to 3% and the calculator handles PMI correctly. Note that conventional 97% has stricter credit and DTI requirements than standard conventional.
How does the calculator decide PMI rate?
PMI rate is a function of LTV in our simplified schedule. Real-world PMI also depends on credit score, debt-to-income, and the specific MI provider — your locked quote will be more precise. The calculator is for borrower education.
Does this handle interest-only or ARM conventional loans?
Not in the default calculator — those require different math and are available as custom add-ons for brokers who need them.