MyRefiNest Editorial Desk

Updated October 2026

Our editorial desk maintains source citations and reviews corrections. No professional lending credentials are asserted.

Compare Current Mortgage Rates

Compare current APRs, points, fees, and estimated monthly payments from participating lenders below.

Loan Program Comparison: 2026 Benchmarks

MyRefiNest Editorial Desk — Compare remaining-term interest and closing costs with the new term; divide costs by positive monthly savings for a simple break-even, and account for financed fees.

Historical 2025 one-unit comparison: conforming $806,500; FHA floor $524,225. County and unit-count limits can differ.

Loan program	Down payment / equity	2026 one-unit baseline	Costs and page-specific comparison
Home Equity / Refinance	Equity and underwriting dependent	Property and lender dependent	Compare closing costs, term and break-even
Conventional	3%–5% subject to eligibility	$832,750	PMI generally below 20% down
FHA	3.5% at 580+; 10% at 500–579	$541,287 floor	1.75% upfront MIP; 0.55% annual for >95% LTV, base loan ≤$726,200, term >15 years
VA	0% for eligible borrowers	No VA limit with full entitlement	No monthly PMI; funding fee unless exempt
USDA	0% for eligible borrowers	Income, address and repayment eligibility	Guarantee and annual fees; confirm current schedule
Jumbo	Lender-specific cash and reserves	Above applicable conforming limit	Lender-specific pricing and insurance

Sources: FHFA limits; HUD FHA limits.

How we calculate payments

Monthly principal and interest use P × r / (1 − (1 + r)⁻ⁿ), where P is the loan amount, r is the monthly note rate and n is the number of payments. At zero interest, use P / n. Add property taxes, homeowners insurance and applicable mortgage insurance to estimate the full payment. Use parcel-specific taxes and an insurance quote when comparing homes.

APR includes applicable finance charges; use the note rate, not APR, for amortization. Compare Loan Estimates with the CFPB guide.