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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 | 6.886%APR 6.922% | 0 pts$0 | $2,375/moP&I $2,375 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.025%APR 6.795% | 0 pts$0 | $2,378/moP&I $2,209 · MI $168 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.972%APR 6.022% | 0 pts$0 | $2,159/moP&I $2,159 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.921%APR 6.957% | 0 pts$0 | $2,384/moP&I $2,384 · MI $0 | See details |
| Investment Property FixedConforming | 7.604%APR 7.645% | 0 pts$0 | $2,551/moP&I $2,551 · 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 | 5.972% | 6.022% | 0 pts ($0) | $3,042/mo | $60,574 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.938% | 5.989% | 0 pts ($0) | $3,795/mo | $84,076 |
Condo 10% Down | 10% | 720 credit score | 7.124% | 7.291% | 0 pts ($0) | $2,737/mo | $95,896 |
Conventional 10% Down | 10% | 720 credit score | 6.582% | 6.737% | 0 pts ($0) | $2,590/mo | $89,260 |
Conventional 20% Down | 20% | 740 credit score | 6.886% | 6.922% | 0 pts ($0) | $2,375/mo | $73,440 |
Conventional 5% Down | 5% | 700 credit score | 6.995% | 7.472% | 0 pts ($0) | $2,852/mo | $99,555 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.327% | 7.366% | 0 pts ($0) | $3,103/mo | $106,606 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,672/mo | $90,518 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.793% | 7.168% | 0 pts ($0) | $2,853/mo | $102,927 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.921% | 6.957% | 0 pts ($0) | $2,980/mo | $101,079 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,725/mo | $88,822 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.025% | 6.795% | 0 pts ($0) | $2,665/mo | $93,589 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,735/mo | $95,755 |
FHA Streamline Refi | 0% | 640 credit score | 6.201% | 6.974% | 0 pts ($0) | $2,814/mo | $99,414 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.974% | 7.218% | 0 pts ($0) | $2,846/mo | $103,144 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,824/mo | $55,299 |
Investment Property 25% Down | 25% | 740 credit score | 7.604% | 7.645% | 0 pts ($0) | $2,392/mo | $76,182 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,433/mo | $76,042 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,625/mo | $80,490 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.395% | 7.171% | 0 pts ($0) | $2,771/mo | $98,521 |
Second Home 10% Down | 10% | 720 credit score | 6.049% | 6.624% | 0 pts ($0) | $2,449/mo | $82,745 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,375/mo | $73,418 |
VA 0% Down | 0% | 700 credit score | 6.019% | 6.262% | 0 pts ($0) | $2,771/mo | $91,447 |
VA Cash-Out Refi | 0% | 640 credit score | 6.030% | 6.398% | 0 pts ($0) | $2,774/mo | $91,599 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.055% | 6.207% | 0 pts ($0) | $2,781/mo | $91,946 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,484/mo | $78,591 |
Frequently Asked Questions
What are today's mortgage rates in Dassel-Cokato Public, MN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Dassel-Cokato Public, MN is 6.886% (with an estimated monthly payment of $2,402). Active program rates also include FHA 30-year fixed loans at 6.025% and VA 0%-down fixed loans at 6.019%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Dassel-Cokato Public, MN?
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 Dassel-Cokato Public, MN have fluctuated between a low of 6.499% and a high of 6.964%. 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 Dassel-Cokato Public, MN?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $451,454 in Dassel-Cokato Public, MN, a standard 20%-down Conventional loan requires an upfront cash down payment of $90,291 but keeps your monthly payment lower at $2,402/mo (at 6.886% interest) with no monthly PMI. In comparison, an FHA loan requires only $15,801 (3.5% down) but has an estimated payment of $2,694/mo (at 6.025% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $435,653 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 Dassel-Cokato Public before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Dassel-Cokato Public is $806,501. With a typical local home value of $451,454 in , a standard 20%-down mortgage requires a loan size of $361,163. 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 Dassel-Cokato Public, MN impact estimated mortgage payments?
The median home value in Dassel-Cokato Public, MN is estimated at $451,454. Buying a typical home here with a standard 20% down payment ($90,291) translates to an estimated starting monthly mortgage payment of $2,402 (principal and interest). Compared to the local area median household income of $110,312 ($9,193/mo), this basic housing payment represents approximately 26.1% 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.