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 Potosi R-Iii
We rank active Potosi R-Iii 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 | 6.963%APR 6.997% | 0 pts$0 | $1,292/moP&I $1,292 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.968%APR 6.735% | 0 pts$0 | $1,276/moP&I $1,185 · MI $91 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.135%APR 6.184% | 0 pts$0 | $1,186/moP&I $1,186 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.918%APR 6.953% | 0 pts$0 | $1,286/moP&I $1,286 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.690% | 0 pts$0 | $1,380/moP&I $1,380 · 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 | 6.135% | 6.184% | 0 pts ($0) | $1,659/mo | $33,614 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.090% | 6.140% | 0 pts ($0) | $2,068/mo | $46,452 |
Condo 10% Down | 10% | 720 credit score | 7.272% | 7.441% | 0 pts ($0) | $1,499/mo | $52,737 |
Conventional 10% Down | 10% | 720 credit score | 6.793% | 6.950% | 0 pts ($0) | $1,429/mo | $49,571 |
Conventional 20% Down | 20% | 740 credit score | 6.963% | 6.997% | 0 pts ($0) | $1,292/mo | $40,091 |
Conventional 5% Down | 5% | 700 credit score | 7.104% | 7.583% | 0 pts ($0) | $1,556/mo | $54,494 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.392% | 7.429% | 0 pts ($0) | $1,686/mo | $58,017 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,442/mo | $48,856 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.847% | 7.222% | 0 pts ($0) | $1,548/mo | $55,938 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.918% | 6.953% | 0 pts ($0) | $1,608/mo | $54,534 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,011/mo | $47,940 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.968% | 6.735% | 0 pts ($0) | $1,430/mo | $50,104 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,476/mo | $51,682 |
FHA Streamline Refi | 0% | 640 credit score | 6.086% | 6.855% | 0 pts ($0) | $1,500/mo | $52,800 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.061% | 7.304% | 0 pts ($0) | $1,550/mo | $56,278 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,524/mo | $29,847 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.690% | 0 pts ($0) | $1,293/mo | $41,234 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $1,313/mo | $41,043 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,417/mo | $43,443 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.336% | 7.109% | 0 pts ($0) | $1,487/mo | $52,751 |
Second Home 10% Down | 10% | 720 credit score | 5.973% | 6.544% | 0 pts ($0) | $1,311/mo | $44,160 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,282/mo | $39,627 |
VA 0% Down | 0% | 700 credit score | 6.088% | 6.331% | 0 pts ($0) | $1,506/mo | $49,874 |
VA Cash-Out Refi | 0% | 640 credit score | 6.092% | 6.460% | 0 pts ($0) | $1,507/mo | $49,903 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.099% | 6.250% | 0 pts ($0) | $1,508/mo | $49,956 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,341/mo | $42,418 |
Frequently Asked Questions
What are today's mortgage rates in Potosi R-III, MO across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Potosi R-III, MO is 6.963% (with an estimated monthly payment of $1,830). Active program rates also include FHA 30-year fixed loans at 5.968% and VA 0%-down fixed loans at 6.088%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Potosi R-III, 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 Potosi R-III, MO have fluctuated between a low of 6.605% and a high of 7.059%. 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 Potosi R-III, MO?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $243,667 in Potosi R-III, MO, a standard 20%-down Conventional loan requires an upfront cash down payment of $48,733 but keeps your monthly payment lower at $1,830/mo (at 6.963% interest) with no monthly PMI. In comparison, an FHA loan requires only $8,528 (3.5% down) but has an estimated payment of $2,025/mo (at 5.968% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $235,139 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 Potosi R-III before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Potosi R-III is $806,501. With a typical local home value of $243,667 in , a standard 20%-down mortgage requires a loan size of $194,934. 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 Potosi R-III, MO impact estimated mortgage payments?
The median home value in Potosi R-III, MO is estimated at $243,667. Buying a typical home here with a standard 20% down payment ($48,733) translates to an estimated starting monthly mortgage payment of $1,830 (principal and interest). Compared to the local area median household income of $73,767 ($6,147/mo), this basic housing payment represents approximately 29.8% 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.