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For illustration only. This is not a loan offer, rate quote or commitment to lend. The rate, taxes, insurance and mortgage insurance shown are example amounts you can change, not BMG Home Loans figures. FHA estimates add a 1.75% upfront premium to the loan, and FHA loan limits apply. FHA mortgage insurance lasts 11 years with 10% or more down, otherwise for the life of the loan. Conventional estimates remove PMI at 20% down, and 3% down is for qualifying buyers. Your actual rate, payment and costs depend on your credit, loan program, property and lender guidelines. Not all applicants qualify.