Select your Scenario
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.
See Safe Rate's top scoring lenders for Canterbury
We rank active Canterbury lenders across our 5 P's of mortgage shopping. No pay to play, independent rankings.
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 | 6.907%APR 6.943% | 0 pts$0 | $2,272/moP&I $2,272 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.942%APR 6.711% | 0 pts$0 | $2,251/moP&I $2,090 · MI $161 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.006%APR 6.058% | 0 pts$0 | $2,068/moP&I $2,068 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.933%APR 6.970% | 0 pts$0 | $2,278/moP&I $2,278 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.671% | 0 pts$0 | $2,440/moP&I $2,440 · MI $0 | See details |
Personalize the rates on this page
Tell us your home budget and credit score to see exact payments and find your best-fit loan program instantly.
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 | 6.006% | 6.058% | 0 pts ($0) | $2,910/mo | $58,156 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.961% | 6.013% | 0 pts ($0) | $3,627/mo | $80,536 |
Condo 10% Down | 10% | 720 credit score | 7.184% | 7.354% | 0 pts ($0) | $2,628/mo | $92,232 |
Conventional 10% Down | 10% | 720 credit score | 6.608% | 6.764% | 0 pts ($0) | $2,479/mo | $85,501 |
Conventional 20% Down | 20% | 740 credit score | 6.907% | 6.943% | 0 pts ($0) | $2,272/mo | $70,315 |
Conventional 5% Down | 5% | 700 credit score | 7.024% | 7.503% | 0 pts ($0) | $2,730/mo | $95,382 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.349% | 7.388% | 0 pts ($0) | $2,969/mo | $102,040 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,550/mo | $86,398 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.818% | 7.194% | 0 pts ($0) | $2,730/mo | $98,557 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.933% | 6.970% | 0 pts ($0) | $2,847/mo | $96,634 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,556/mo | $84,779 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.942% | 6.711% | 0 pts ($0) | $2,521/mo | $88,274 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,611/mo | $91,396 |
FHA Streamline Refi | 0% | 640 credit score | 6.059% | 6.830% | 0 pts ($0) | $2,645/mo | $93,017 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.991% | 7.235% | 0 pts ($0) | $2,721/mo | $98,659 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,696/mo | $52,782 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.671% | 0 pts ($0) | $2,287/mo | $72,920 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,322/mo | $72,581 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,506/mo | $76,826 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.299% | 7.074% | 0 pts ($0) | $2,619/mo | $92,814 |
Second Home 10% Down | 10% | 720 credit score | 5.946% | 6.519% | 0 pts ($0) | $2,312/mo | $77,779 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,267/mo | $70,076 |
VA 0% Down | 0% | 700 credit score | 6.053% | 6.297% | 0 pts ($0) | $2,654/mo | $87,734 |
VA Cash-Out Refi | 0% | 640 credit score | 6.064% | 6.433% | 0 pts ($0) | $2,657/mo | $87,880 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.071% | 6.224% | 0 pts ($0) | $2,659/mo | $87,972 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,371/mo | $75,013 |
Frequently Asked Questions
What are today's mortgage rates in 06331, , CT across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 06331, , CT is 6.907% (with an estimated monthly payment of $2,177). Active program rates also include FHA 30-year fixed loans at 5.942% and VA 0%-down fixed loans at 6.053%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 06331, , 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 06331, , CT have fluctuated between a low of 6.534% and a high of 6.985%. 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 06331, , CT?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $430,905 in 06331, , CT, a standard 20%-down Conventional loan requires an upfront cash down payment of $86,181 but keeps your monthly payment lower at $2,177/mo (at 6.907% interest) with no monthly PMI. In comparison, an FHA loan requires only $15,082 (3.5% down) but has an estimated payment of $2,415/mo (at 5.942% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $415,823 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 06331 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 06331 is $806,501. With a typical local home value of $430,905 in , a standard 20%-down mortgage requires a loan size of $344,724. 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 06331, , CT impact estimated mortgage payments?
The median home value in 06331, , CT is estimated at $430,905. Buying a typical home here with a standard 20% down payment ($86,181) translates to an estimated starting monthly mortgage payment of $2,177 (principal and interest). Compared to the local area median household income of $103,173 ($8,598/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.