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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 | 6.814%APR 6.847% | 0 pts$0 | $3,842/moP&I $3,842 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.934%APR 6.700% | 0 pts$0 | $3,839/moP&I $3,564 · MI $274 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.858%APR 5.904% | 0 pts$0 | $3,474/moP&I $3,474 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.782%APR 6.815% | 0 pts$0 | $3,829/moP&I $3,829 · MI $0 | See details |
| Investment Property FixedConforming | 7.493%APR 7.531% | 0 pts$0 | $4,112/moP&I $4,112 · 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 | 5.858% | 5.904% | 0 pts ($0) | $4,921/mo | $96,751 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.851% | 5.898% | 0 pts ($0) | $6,148/mo | $135,134 |
Condo 10% Down | 10% | 720 credit score | 6.851% | 7.011% | 0 pts ($0) | $4,338/mo | $150,795 |
Conventional 10% Down | 10% | 720 credit score | 6.500% | 6.652% | 0 pts ($0) | $4,184/mo | $143,797 |
Conventional 20% Down | 20% | 740 credit score | 6.814% | 6.847% | 0 pts ($0) | $3,842/mo | $118,379 |
Conventional 5% Down | 5% | 700 credit score | 6.800% | 7.268% | 0 pts ($0) | $4,555/mo | $158,099 |
Conventional Cash-Out Refi | 0% | 740 credit score | 6.830% | 6.863% | 0 pts ($0) | $4,810/mo | $162,671 |
Conventional High Balance | 10% | 740 credit score | 7.017% | 7.050% | 0 pts ($0) | $4,412/mo | $150,135 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.643% | 7.011% | 0 pts ($0) | $4,577/mo | $164,475 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.782% | 6.815% | 0 pts ($0) | $4,786/mo | $161,608 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $6,070/mo | $144,717 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.934% | 6.700% | 0 pts ($0) | $4,300/mo | $150,509 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,456/mo | $156,013 |
FHA Streamline Refi | 0% | 640 credit score | 6.049% | 6.817% | 0 pts ($0) | $4,511/mo | $158,554 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.800% | 7.038% | 0 pts ($0) | $4,555/mo | $164,388 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $4,602/mo | $90,098 |
Investment Property 25% Down | 25% | 740 credit score | 7.493% | 7.531% | 0 pts ($0) | $3,855/mo | $122,276 |
Jumbo Conforming | 20% | 760 credit score | 7.073% | 7.106% | 0 pts ($0) | $3,944/mo | $122,972 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $4,277/mo | $131,142 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.290% | 7.062% | 0 pts ($0) | $4,466/mo | $158,238 |
Second Home 10% Down | 10% | 720 credit score | 6.809% | 6.967% | 0 pts ($0) | $4,320/mo | $149,957 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,869/mo | $119,620 |
VA 0% Down | 0% | 700 credit score | 5.933% | 6.173% | 0 pts ($0) | $4,473/mo | $147,053 |
VA Cash-Out Refi | 0% | 640 credit score | 5.939% | 6.302% | 0 pts ($0) | $4,475/mo | $147,188 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.950% | 6.099% | 0 pts ($0) | $4,481/mo | $147,436 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $4,048/mo | $128,048 |
Frequently Asked Questions
What are today's mortgage rates in 02053, Millis-Clicquot, MA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 02053, Millis-Clicquot, MA is 6.814% (with an estimated monthly payment of $3,675). Active program rates also include FHA 30-year fixed loans at 5.934% and VA 0%-down fixed loans at 5.933%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 02053, Millis-Clicquot, 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 02053, Millis-Clicquot, MA have fluctuated between a low of 6.354% and a high of 6.814%. 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 02053, Millis-Clicquot, MA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $735,553 in 02053, Millis-Clicquot, MA, a standard 20%-down Conventional loan requires an upfront cash down payment of $147,111 but keeps your monthly payment lower at $3,675/mo (at 6.814% interest) with no monthly PMI. In comparison, an FHA loan requires only $25,744 (3.5% down) but has an estimated payment of $4,113/mo (at 5.934% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $709,809 falls comfortably within the local HUD FHA loan limit of $845,886 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 02053 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 02053 is $806,501. With a typical local home value of $735,553 in Millis-Clicquot, a standard 20%-down mortgage requires a loan size of $588,442. 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 02053, Millis-Clicquot, MA impact estimated mortgage payments?
The median home value in 02053, Millis-Clicquot, MA is estimated at $735,553. Buying a typical home here with a standard 20% down payment ($147,111) translates to an estimated starting monthly mortgage payment of $3,675 (principal and interest). Compared to the local area median household income of $174,059 ($14,505/mo), this basic housing payment represents approximately 25.3% 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.