Realtor Dean

Thinking about buying a home? Here’s a quick comparison of FHA and Conventional loans based on today’s interest rates and the median home price in Atlanta ($388,167):

FHA Loan:
✅ Interest Rate: ~5.75%
✅ Down Payment: 3.5% ($13,586)
✅ Loan Amount: $374,581
✅ Estimated Monthly Payment: ~$2,187 (excluding taxes & insurance)

Conventional Loan:
✅ Interest Rate: ~6.625%
✅ Down Payment: 20% ($77,633)
✅ Loan Amount: $310,534
✅ Estimated Monthly Payment: ~$1,990 (excluding taxes & insurance)

Key Takeaways:
➡️ FHA loans require a lower down payment but include mortgage insurance.
➡️ Conventional loans typically have higher down payments but lower monthly costs over time.
➡️ Interest rates and loan terms vary based on credit score and financial history.

I’m not a lender, just providing a visual to help you see the numbers! Always consult with a mortgage professional to find the best option for you.



Realtor Dean
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Realtor Dean & Co.®️
📞 (706) 461- 4994
📧 [email protected]
💻www.realtordeankeyaddresser.com
📍Kinley Realty Co
Luxury Experience
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