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A CONVENTIANAL loan is provided by Fannie Mae of Freddie Mac. Usually $417,000 or less. Can be Fixed or Arm rates. They require good credit, good income and a down payment. These are usually the best rates.

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30-Year Fixed-Rate Mortgage: The payment on a $200,000 30-year Fixed-Rate Loan at 3.99% and 70% loan-to-value (LTV) is $953.68 with 1.375 points due at closing. The Annual Percentage Rate (APR) is 4.154%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.

15-Year Fixed-Rate Mortgage: The payment on a $200,000 15-year Fixed-Rate Loan at 3.25% and 70% loan-to-value (LTV) is $1405.34 with 1.5 points due at closing. The Annual Percentage Rate (APR) is 3.555%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.

Adjustable-Rate Mortgage: The payment on a 30-year $200,000 5-year Adjustable-Rate Loan at 2.625% and 70% loan-to-value (LTV) is $803.31 with 1.75 points due at closing. After 5 years, the principal and interest is $872.18. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. The Annual Percentage Rate (APR) is 3.30%. Rate is variable.