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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.944%APR 6.982% | 0 pts$0 | $1,718/moP&I $1,718 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.952%APR 6.722% | 0 pts$0 | $1,697/moP&I $1,576 · MI $121 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.082%APR 6.136% | 0 pts$0 | $1,570/moP&I $1,570 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.076%APR 7.124% | 0 pts$0 | $1,741/moP&I $1,741 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.692% | 0 pts$0 | $1,838/moP&I $1,838 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 6.082% | 6.136% | 0 pts ($0) | $2,202/mo | $44,371 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.124% | 6.182% | 0 pts ($0) | $2,760/mo | $62,187 |
Condo 10% Down | 10% | 720 credit score | 7.265% | 7.438% | 0 pts ($0) | $1,995/mo | $70,178 |
Conventional 10% Down | 10% | 720 credit score | 6.769% | 6.929% | 0 pts ($0) | $1,898/mo | $65,810 |
Conventional 20% Down | 20% | 740 credit score | 6.944% | 6.982% | 0 pts ($0) | $1,718/mo | $53,247 |
Conventional 5% Down | 5% | 700 credit score | 7.075% | 7.557% | 0 pts ($0) | $2,067/mo | $72,310 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.386% | 7.427% | 0 pts ($0) | $2,244/mo | $77,213 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,921/mo | $65,070 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.829% | 7.207% | 0 pts ($0) | $2,058/mo | $74,331 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.076% | 7.124% | 0 pts ($0) | $2,176/mo | $74,178 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,678/mo | $63,850 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.952% | 6.722% | 0 pts ($0) | $1,901/mo | $66,578 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,966/mo | $68,834 |
FHA Streamline Refi | 0% | 640 credit score | 6.073% | 6.845% | 0 pts ($0) | $1,995/mo | $70,194 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.032% | 7.278% | 0 pts ($0) | $2,058/mo | $74,685 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,030/mo | $39,752 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.692% | 0 pts ($0) | $1,723/mo | $54,919 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,749/mo | $54,663 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,887/mo | $57,861 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.314% | 7.090% | 0 pts ($0) | $1,975/mo | $70,046 |
Second Home 10% Down | 10% | 720 credit score | 5.958% | 6.532% | 0 pts ($0) | $1,743/mo | $58,684 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,707/mo | $52,777 |
VA 0% Down | 0% | 700 credit score | 6.075% | 6.321% | 0 pts ($0) | $2,004/mo | $66,295 |
VA Cash-Out Refi | 0% | 640 credit score | 6.079% | 6.450% | 0 pts ($0) | $2,004/mo | $66,335 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.086% | 6.240% | 0 pts ($0) | $2,006/mo | $66,405 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,786/mo | $56,496 |
Frequently Asked Questions
What are today's mortgage rates in 01256, , MA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 01256, , MA is 6.944% (with an estimated monthly payment of $1,867). Active program rates also include FHA 30-year fixed loans at 5.952% and VA 0%-down fixed loans at 6.075%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 01256, , MA?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 01256, , MA have fluctuated between a low of 6.596% and a high of 7.047%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 01256, , MA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $324,532 in 01256, , MA, a standard 20%-down Conventional loan requires an upfront cash down payment of $64,906 but keeps your monthly payment lower at $1,867/mo (at 6.944% interest) with no monthly PMI. In comparison, an FHA loan requires only $11,359 (3.5% down) but has an estimated payment of $2,066/mo (at 5.952% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $313,173 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 01256 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 01256 is $806,501. With a typical local home value of $324,532 in , a standard 20%-down mortgage requires a loan size of $259,626. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 01256, , MA impact estimated mortgage payments?
The median home value in 01256, , MA is estimated at $324,532. Buying a typical home here with a standard 20% down payment ($64,906) translates to an estimated starting monthly mortgage payment of $1,867 (principal and interest). Compared to the local area median household income of $78,393 ($6,533/mo), this basic housing payment represents approximately 28.6% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.