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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 | 6.881%APR 6.917% | 0 pts$0 | $2,227/moP&I $2,227 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.017%APR 6.787% | 0 pts$0 | $2,228/moP&I $2,070 · MI $158 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.963%APR 6.013% | 0 pts$0 | $2,023/moP&I $2,023 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.842%APR 6.878% | 0 pts$0 | $2,218/moP&I $2,218 · MI $0 | See details |
| Investment Property FixedConforming | 7.596%APR 7.637% | 0 pts$0 | $2,391/moP&I $2,391 · 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 | 5.963% | 6.013% | 0 pts ($0) | $2,852/mo | $56,727 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.946% | 5.997% | 0 pts ($0) | $3,561/mo | $78,957 |
Condo 10% Down | 10% | 720 credit score | 7.116% | 7.283% | 0 pts ($0) | $2,565/mo | $89,853 |
Conventional 10% Down | 10% | 720 credit score | 6.576% | 6.731% | 0 pts ($0) | $2,428/mo | $83,652 |
Conventional 20% Down | 20% | 740 credit score | 6.881% | 6.917% | 0 pts ($0) | $2,227/mo | $68,832 |
Conventional 5% Down | 5% | 700 credit score | 6.996% | 7.473% | 0 pts ($0) | $2,675/mo | $93,390 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.323% | 7.361% | 0 pts ($0) | $2,910/mo | $99,940 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,506/mo | $84,901 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.787% | 7.162% | 0 pts ($0) | $2,674/mo | $96,466 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.842% | 6.878% | 0 pts ($0) | $2,772/mo | $93,799 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,494/mo | $83,310 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.017% | 6.787% | 0 pts ($0) | $2,497/mo | $87,681 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,565/mo | $89,813 |
FHA Streamline Refi | 0% | 640 credit score | 6.185% | 6.957% | 0 pts ($0) | $2,635/mo | $93,037 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.970% | 7.213% | 0 pts ($0) | $2,668/mo | $96,695 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,649/mo | $51,867 |
Investment Property 25% Down | 25% | 740 credit score | 7.596% | 7.637% | 0 pts ($0) | $2,241/mo | $71,378 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,282/mo | $71,323 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,462/mo | $75,495 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.388% | 7.164% | 0 pts ($0) | $2,597/mo | $92,320 |
Second Home 10% Down | 10% | 720 credit score | 6.040% | 6.614% | 0 pts ($0) | $2,295/mo | $77,508 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,227/mo | $68,862 |
VA 0% Down | 0% | 700 credit score | 6.011% | 6.254% | 0 pts ($0) | $2,596/mo | $85,668 |
VA Cash-Out Refi | 0% | 640 credit score | 6.023% | 6.390% | 0 pts ($0) | $2,600/mo | $85,824 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.046% | 6.198% | 0 pts ($0) | $2,606/mo | $86,123 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,330/mo | $73,714 |
Frequently Asked Questions
What are today's mortgage rates in 01586, , MA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 01586, , MA is 6.881% (with an estimated monthly payment of $2,457). Active program rates also include FHA 30-year fixed loans at 6.017% and VA 0%-down fixed loans at 6.011%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 01586, , 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 01586, , MA have fluctuated between a low of 6.499% and a high of 6.960%. 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 01586, , MA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $423,440 in 01586, , MA, a standard 20%-down Conventional loan requires an upfront cash down payment of $84,688 but keeps your monthly payment lower at $2,457/mo (at 6.881% interest) with no monthly PMI. In comparison, an FHA loan requires only $14,820 (3.5% down) but has an estimated payment of $2,756/mo (at 6.017% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $408,620 falls comfortably within the local HUD FHA loan limit of $541,287 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 01586 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 01586 is $806,501. With a typical local home value of $423,440 in , a standard 20%-down mortgage requires a loan size of $338,752. 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 01586, , MA impact estimated mortgage payments?
The median home value in 01586, , MA is estimated at $423,440. Buying a typical home here with a standard 20% down payment ($84,688) translates to an estimated starting monthly mortgage payment of $2,457 (principal and interest). Compared to the local area median household income of $67,500 ($5,625/mo), this basic housing payment represents approximately 43.7% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.