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 | 6.995%APR 7.038% | 0 pts$0 | $798/moP&I $798 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.098%APR 6.875% | 0 pts$0 | $796/moP&I $740 · MI $56 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.253%APR 6.316% | 0 pts$0 | $739/moP&I $739 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.951%APR 6.995% | 0 pts$0 | $795/moP&I $795 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.728% | 0 pts$0 | $850/moP&I $850 · 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 | 6.253% | 6.316% | 0 pts ($0) | $1,029/mo | $21,110 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.191% | 6.256% | 0 pts ($0) | $1,282/mo | $29,043 |
Condo 10% Down | 10% | 720 credit score | 7.339% | 7.519% | 0 pts ($0) | $929/mo | $32,748 |
Conventional 10% Down | 10% | 720 credit score | 6.810% | 6.976% | 0 pts ($0) | $881/mo | $30,594 |
Conventional 20% Down | 20% | 740 credit score | 6.995% | 7.038% | 0 pts ($0) | $798/mo | $24,803 |
Conventional 5% Down | 5% | 700 credit score | 7.294% | 7.790% | 0 pts ($0) | $977/mo | $34,373 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.445% | 7.491% | 0 pts ($0) | $1,043/mo | $35,966 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $888/mo | $30,085 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.874% | 7.257% | 0 pts ($0) | $956/mo | $34,564 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.951% | 6.995% | 0 pts ($0) | $993/mo | $33,730 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,238/mo | $29,521 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.098% | 6.875% | 0 pts ($0) | $893/mo | $31,428 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $909/mo | $31,825 |
FHA Streamline Refi | 0% | 640 credit score | 6.293% | 7.073% | 0 pts ($0) | $944/mo | $33,463 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.266% | 7.522% | 0 pts ($0) | $974/mo | $35,536 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $939/mo | $18,379 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.728% | 0 pts ($0) | $797/mo | $25,391 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $809/mo | $25,273 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $872/mo | $26,752 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.459% | 7.242% | 0 pts ($0) | $927/mo | $33,028 |
Second Home 10% Down | 10% | 720 credit score | 6.099% | 6.681% | 0 pts ($0) | $818/mo | $27,704 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $789/mo | $24,401 |
VA 0% Down | 0% | 700 credit score | 6.121% | 6.372% | 0 pts ($0) | $931/mo | $30,863 |
VA Cash-Out Refi | 0% | 640 credit score | 6.122% | 6.498% | 0 pts ($0) | $931/mo | $30,868 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.124% | 6.283% | 0 pts ($0) | $931/mo | $30,877 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $826/mo | $26,120 |
Frequently Asked Questions
What are today's mortgage rates in Macon County R-IV, MO across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Macon County R-IV, MO is 6.995% (with an estimated monthly payment of $1,156). Active program rates also include FHA 30-year fixed loans at 6.098% and VA 0%-down fixed loans at 6.121%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Macon County R-IV, 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 Macon County R-IV, MO have fluctuated between a low of 6.887% and a high of 7.127%. 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 Macon County R-IV, MO?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $150,045 in Macon County R-IV, MO, a standard 20%-down Conventional loan requires an upfront cash down payment of $30,009 but keeps your monthly payment lower at $1,156/mo (at 6.995% interest) with no monthly PMI. In comparison, an FHA loan requires only $5,252 (3.5% down) but has an estimated payment of $1,293/mo (at 6.098% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $144,793 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 Macon County R-IV before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Macon County R-IV is $806,501. With a typical local home value of $150,045 in , a standard 20%-down mortgage requires a loan size of $120,036. 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 Macon County R-IV, MO impact estimated mortgage payments?
The median home value in Macon County R-IV, MO is estimated at $150,045. Buying a typical home here with a standard 20% down payment ($30,009) translates to an estimated starting monthly mortgage payment of $1,156 (principal and interest). Compared to the local area median household income of $60,170 ($5,014/mo), this basic housing payment represents approximately 23.1% 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.