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.
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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 | 7.328%APR 7.379% | 0 pts$0 | $936/moP&I $936 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.133%APR 6.915% | 0 pts$0 | $906/moP&I $842 · MI $63 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.795%APR 6.872% | 0 pts$0 | $887/moP&I $887 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.334%APR 7.420% | 0 pts$0 | $936/moP&I $936 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.844% | 0 pts$0 | $963/moP&I $963 · 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 | 6.795% | 6.872% | 0 pts ($0) | $1,208/mo | $26,079 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.426% | 6.515% | 0 pts ($0) | $1,475/mo | $34,090 |
Condo 10% Down | 10% | 720 credit score | 7.546% | 7.736% | 0 pts ($0) | $1,075/mo | $38,086 |
Conventional 10% Down | 10% | 720 credit score | 6.961% | 7.134% | 0 pts ($0) | $1,015/mo | $35,384 |
Conventional 20% Down | 20% | 740 credit score | 7.328% | 7.379% | 0 pts ($0) | $936/mo | $29,488 |
Conventional 5% Down | 5% | 700 credit score | 7.211% | 7.709% | 0 pts ($0) | $1,098/mo | $38,568 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.625% | 7.718% | 0 pts ($0) | $1,204/mo | $41,702 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,007/mo | $34,110 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.816% | 7.201% | 0 pts ($0) | $1,078/mo | $38,900 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.334% | 7.420% | 0 pts ($0) | $1,170/mo | $40,208 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,404/mo | $33,471 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.133% | 6.915% | 0 pts ($0) | $1,016/mo | $35,809 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,031/mo | $36,083 |
FHA Streamline Refi | 0% | 640 credit score | 6.325% | 7.110% | 0 pts ($0) | $1,074/mo | $38,108 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.134% | 7.392% | 0 pts ($0) | $1,090/mo | $39,647 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,064/mo | $20,838 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.844% | 0 pts ($0) | $903/mo | $28,789 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $917/mo | $28,655 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $989/mo | $30,331 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.488% | 7.276% | 0 pts ($0) | $1,054/mo | $37,593 |
Second Home 10% Down | 10% | 720 credit score | 6.166% | 6.755% | 0 pts ($0) | $934/mo | $31,720 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $895/mo | $27,666 |
VA 0% Down | 0% | 700 credit score | 6.196% | 6.453% | 0 pts ($0) | $1,064/mo | $35,385 |
VA Cash-Out Refi | 0% | 640 credit score | 6.235% | 6.619% | 0 pts ($0) | $1,068/mo | $35,589 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.255% | 6.420% | 0 pts ($0) | $1,071/mo | $35,693 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $936/mo | $29,615 |
Frequently Asked Questions
What are today's mortgage rates in Henry County R-I, MO across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Henry County R-I, MO is 7.328% (with an estimated monthly payment of $832). Active program rates also include FHA 30-year fixed loans at 6.133% and VA 0%-down fixed loans at 6.196%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Henry County R-I, MO?
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 Henry County R-I, MO have fluctuated between a low of 7.215% and a high of 7.377%. 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 Henry County R-I, MO?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $170,122 in Henry County R-I, MO, a standard 20%-down Conventional loan requires an upfront cash down payment of $34,024 but keeps your monthly payment lower at $832/mo (at 7.328% interest) with no monthly PMI. In comparison, an FHA loan requires only $5,954 (3.5% down) but has an estimated payment of $903/mo (at 6.133% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $164,168 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 Henry County R-I before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Henry County R-I is $806,501. With a typical local home value of $170,122 in , a standard 20%-down mortgage requires a loan size of $136,098. 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 Henry County R-I, MO impact estimated mortgage payments?
The median home value in Henry County R-I, MO is estimated at $170,122. Buying a typical home here with a standard 20% down payment ($34,024) translates to an estimated starting monthly mortgage payment of $832 (principal and interest). Compared to the local area median household income of $55,317 ($4,610/mo), this basic housing payment represents approximately 18.0% 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.