Offer B is $112.45 less per month under these assumptions. Its higher rate is offset by the difference in mortgage insurance.
Education only, not current rates or a lending offer. Equal loan amounts are used to isolate the effect of rate and insurance. The $0 insurance example does not establish eligibility; insurance may be paid another way. This comparison excludes upfront costs, points, fees, HOA dues, and future changes. It does not calculate APR or determine the least expensive loan over time.
A LITTLE KNOWLEDGE GOES A LONG WAY
Find your next “aha.”
General education, not a personalized eligibility decision. Requirements vary by loan, lender, property, and program. Source links are included in each guide.
Put the know-how to work.
See how a five-point checkup turns documents into clear next steps.