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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 | 6.938%APR 6.976% | 0 pts$0 | $1,744/moP&I $1,744 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.951%APR 6.721% | 0 pts$0 | $1,723/moP&I $1,600 · MI $123 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.071%APR 6.125% | 0 pts$0 | $1,593/moP&I $1,593 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.976%APR 7.125% | 0 pts$0 | $1,750/moP&I $1,750 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.689% | 0 pts$0 | $1,867/moP&I $1,867 · 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 | 6.071% | 6.125% | 0 pts ($0) | $2,236/mo | $44,986 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.083% | 6.175% | 0 pts ($0) | $2,797/mo | $62,775 |
Condo 10% Down | 10% | 720 credit score | 7.259% | 7.431% | 0 pts ($0) | $2,026/mo | $71,230 |
Conventional 10% Down | 10% | 720 credit score | 6.765% | 6.925% | 0 pts ($0) | $1,927/mo | $66,812 |
Conventional 20% Down | 20% | 740 credit score | 6.938% | 6.976% | 0 pts ($0) | $1,744/mo | $54,038 |
Conventional 5% Down | 5% | 700 credit score | 7.067% | 7.549% | 0 pts ($0) | $2,098/mo | $73,374 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.380% | 7.421% | 0 pts ($0) | $2,278/mo | $78,370 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,951/mo | $66,095 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.828% | 7.206% | 0 pts ($0) | $2,091/mo | $75,493 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.976% | 7.125% | 0 pts ($0) | $2,188/mo | $74,353 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,720/mo | $64,856 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.951% | 6.721% | 0 pts ($0) | $1,930/mo | $67,618 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,997/mo | $69,919 |
FHA Streamline Refi | 0% | 640 credit score | 6.071% | 6.843% | 0 pts ($0) | $2,026/mo | $71,280 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.025% | 7.271% | 0 pts ($0) | $2,089/mo | $75,796 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,062/mo | $40,379 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.689% | 0 pts ($0) | $1,750/mo | $55,784 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,777/mo | $55,525 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,917/mo | $58,773 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.312% | 7.088% | 0 pts ($0) | $2,006/mo | $71,130 |
Second Home 10% Down | 10% | 720 credit score | 5.956% | 6.530% | 0 pts ($0) | $1,770/mo | $59,590 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,734/mo | $53,609 |
VA 0% Down | 0% | 700 credit score | 6.073% | 6.319% | 0 pts ($0) | $2,035/mo | $67,320 |
VA Cash-Out Refi | 0% | 640 credit score | 6.077% | 6.447% | 0 pts ($0) | $2,036/mo | $67,360 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.084% | 6.238% | 0 pts ($0) | $2,037/mo | $67,431 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,814/mo | $57,386 |
Frequently Asked Questions
What are today's mortgage rates in 06235, , CT across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 06235, , CT is 6.938% (with an estimated monthly payment of $1,904). Active program rates also include FHA 30-year fixed loans at 5.951% and VA 0%-down fixed loans at 6.073%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 06235, , CT?
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 06235, , CT have fluctuated between a low of 6.587% and a high of 7.035%. 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 06235, , CT?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $329,646 in 06235, , CT, a standard 20%-down Conventional loan requires an upfront cash down payment of $65,929 but keeps your monthly payment lower at $1,904/mo (at 6.938% interest) with no monthly PMI. In comparison, an FHA loan requires only $11,538 (3.5% down) but has an estimated payment of $2,108/mo (at 5.951% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $318,108 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 06235 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 06235 is $806,501. With a typical local home value of $329,646 in , a standard 20%-down mortgage requires a loan size of $263,717. 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 06235, , CT impact estimated mortgage payments?
The median home value in 06235, , CT is estimated at $329,646. Buying a typical home here with a standard 20% down payment ($65,929) translates to an estimated starting monthly mortgage payment of $1,904 (principal and interest). Compared to the local area median household income of $97,862 ($8,155/mo), this basic housing payment represents approximately 23.4% 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.