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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 | 6.913%APR 6.946% | 0 pts$0 | $1,648/moP&I $1,648 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.058%APR 6.825% | 0 pts$0 | $1,650/moP&I $1,534 · MI $117 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.026%APR 6.072% | 0 pts$0 | $1,502/moP&I $1,502 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.869%APR 6.902% | 0 pts$0 | $1,640/moP&I $1,640 · MI $0 | See details |
| Investment Property FixedConforming | 7.623%APR 7.660% | 0 pts$0 | $1,768/moP&I $1,768 · 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 | 6.026% | 6.072% | 0 pts ($0) | $2,112/mo | $42,298 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.997% | 6.044% | 0 pts ($0) | $2,635/mo | $58,700 |
Condo 10% Down | 10% | 720 credit score | 7.180% | 7.345% | 0 pts ($0) | $1,904/mo | $66,819 |
Conventional 10% Down | 10% | 720 credit score | 6.613% | 6.765% | 0 pts ($0) | $1,798/mo | $62,016 |
Conventional 20% Down | 20% | 740 credit score | 6.913% | 6.946% | 0 pts ($0) | $1,648/mo | $51,012 |
Conventional 5% Down | 5% | 700 credit score | 7.034% | 7.508% | 0 pts ($0) | $1,981/mo | $69,225 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.341% | 7.376% | 0 pts ($0) | $2,150/mo | $73,886 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,848/mo | $62,624 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.825% | 7.198% | 0 pts ($0) | $1,980/mo | $71,501 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.869% | 6.902% | 0 pts ($0) | $2,051/mo | $69,441 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,577/mo | $61,450 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.058% | 6.825% | 0 pts ($0) | $1,850/mo | $65,052 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,892/mo | $66,247 |
FHA Streamline Refi | 0% | 640 credit score | 6.251% | 7.021% | 0 pts ($0) | $1,957/mo | $69,256 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.998% | 7.238% | 0 pts ($0) | $1,974/mo | $71,573 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,954/mo | $38,258 |
Investment Property 25% Down | 25% | 740 credit score | 7.623% | 7.660% | 0 pts ($0) | $1,658/mo | $52,840 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $1,683/mo | $52,609 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,816/mo | $55,686 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.434% | 7.207% | 0 pts ($0) | $1,925/mo | $68,520 |
Second Home 10% Down | 10% | 720 credit score | 5.958% | 6.527% | 0 pts ($0) | $1,678/mo | $56,478 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,643/mo | $50,793 |
VA 0% Down | 0% | 700 credit score | 6.052% | 6.293% | 0 pts ($0) | $1,924/mo | $63,583 |
VA Cash-Out Refi | 0% | 640 credit score | 6.063% | 6.428% | 0 pts ($0) | $1,926/mo | $63,688 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.078% | 6.227% | 0 pts ($0) | $1,929/mo | $63,832 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,719/mo | $54,372 |
Frequently Asked Questions
What are today's mortgage rates in Smithville R-II, MO across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Smithville R-II, MO is 6.913% (with an estimated monthly payment of $2,265). Active program rates also include FHA 30-year fixed loans at 6.058% and VA 0%-down fixed loans at 6.052%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Smithville R-II, 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 Smithville R-II, MO have fluctuated between a low of 6.520% and a high of 6.977%. 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 Smithville R-II, MO?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $312,333 in Smithville R-II, MO, a standard 20%-down Conventional loan requires an upfront cash down payment of $62,467 but keeps your monthly payment lower at $2,265/mo (at 6.913% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,932 (3.5% down) but has an estimated payment of $2,544/mo (at 6.058% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $301,401 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 Smithville R-II before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Smithville R-II is $806,501. With a typical local home value of $312,333 in , a standard 20%-down mortgage requires a loan size of $249,866. 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 Smithville R-II, MO impact estimated mortgage payments?
The median home value in Smithville R-II, MO is estimated at $312,333. Buying a typical home here with a standard 20% down payment ($62,467) translates to an estimated starting monthly mortgage payment of $2,265 (principal and interest). Compared to the local area median household income of $97,245 ($8,104/mo), this basic housing payment represents approximately 28.0% 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.