Quick Compare Calculator

With just a few pieces of loan information, determine how members will fare using an FHA loan or conventional financing with MGIC Monthly MI. Calculations are based on:

  • 30-year, fixed-rate loan
  • Single-family, detached primary residence
  • MGIC Go! requirements

Results include projected costs and home equity gains for 2, 5 and 10 years out.

Please note, this calculator does not use MiQ rates. For more information on MiQ click here.

Please note: 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, premium rates or amounts, monthly payments, home equity, or future home value. HomeReady™ and HFA Preferred™ are trademarks of Fannie Mae. Home Possible® is a registered trademark of Freddie Mac. HFA AdvantageSM is a service mark of Freddie Mac.