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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 | 6.807%APR 6.836% | 0 pts$0 | $4,301/moP&I $4,301 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.969%APR 6.938% | 0 pts$0 | $4,316/moP&I $4,008 · MI $307 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.851%APR 5.891% | 0 pts$0 | $3,890/moP&I $3,890 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.509%APR 6.537% | 0 pts$0 | $4,171/moP&I $4,171 · MI $0 | See details |
| Investment Property FixedConforming | 7.459%APR 7.492% | 0 pts$0 | $4,591/moP&I $4,591 · 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 | 5.851% | 5.891% | 0 pts ($0) | $5,510/mo | $108,264 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.849% | 5.889% | 0 pts ($0) | $6,887/mo | $151,352 |
Condo 10% Down | 10% | 720 credit score | 6.826% | 6.981% | 0 pts ($0) | $4,848/mo | $168,388 |
Conventional 10% Down | 10% | 720 credit score | 6.489% | 6.636% | 0 pts ($0) | $4,683/mo | $160,860 |
Conventional 20% Down | 20% | 740 credit score | 6.807% | 6.836% | 0 pts ($0) | $4,301/mo | $132,489 |
Conventional 5% Down | 5% | 700 credit score | 6.090% | 7.010% | 0 pts ($0) | $4,739/mo | $160,401 |
Conventional Cash-Out Refi | 0% | 740 credit score | 6.810% | 6.839% | 0 pts ($0) | $5,378/mo | $181,756 |
Conventional High Balance | 10% | 740 credit score | 7.039% | 7.068% | 0 pts ($0) | $4,954/mo | $168,699 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.884% | 6.900% | 0 pts ($0) | $5,256/mo | $190,076 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.509% | 6.537% | 0 pts ($0) | $5,214/mo | $174,285 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $6,800/mo | $162,137 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.969% | 6.938% | 0 pts ($0) | $4,835/mo | $169,477 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,993/mo | $174,792 |
FHA Streamline Refi | 0% | 640 credit score | 6.088% | 7.059% | 0 pts ($0) | $5,075/mo | $178,622 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.357% | 7.602% | 0 pts ($0) | $5,398/mo | $197,323 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $5,156/mo | $100,943 |
Investment Property 25% Down | 25% | 740 credit score | 7.459% | 7.492% | 0 pts ($0) | $4,304/mo | $136,360 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.160% | 0 pts ($0) | $4,442/mo | $138,808 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $4,792/mo | $146,928 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.436% | 7.413% | 0 pts ($0) | $5,080/mo | $180,840 |
Second Home 10% Down | 10% | 720 credit score | 6.794% | 6.947% | 0 pts ($0) | $4,832/mo | $167,673 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $4,335/mo | $134,019 |
VA 0% Down | 0% | 700 credit score | 6.060% | 6.298% | 0 pts ($0) | $5,080/mo | $167,966 |
VA Cash-Out Refi | 0% | 640 credit score | 6.066% | 6.429% | 0 pts ($0) | $5,083/mo | $168,118 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.931% | 6.076% | 0 pts ($0) | $5,010/mo | $164,703 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $4,535/mo | $143,461 |
Frequently Asked Questions
What are today's mortgage rates in Swampscott School District in Nahant (7-12), MA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Swampscott School District in Nahant (7-12), MA is 6.807% (with an estimated monthly payment of $4,586). Active program rates also include FHA 30-year fixed loans at 5.969% and VA 0%-down fixed loans at 6.060%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Swampscott School District in Nahant (7-12), MA?
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 Swampscott School District in Nahant (7-12), MA have fluctuated between a low of 6.123% and a high of 6.807%. 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 Swampscott School District in Nahant (7-12), MA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $824,092 in Swampscott School District in Nahant (7-12), MA, a standard 20%-down Conventional loan requires an upfront cash down payment of $164,818 but keeps your monthly payment lower at $4,586/mo (at 6.807% interest) with no monthly PMI. In comparison, an FHA loan requires only $28,843 (3.5% down) but has an estimated payment of $5,155/mo (at 5.969% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $795,249 falls comfortably within the local HUD FHA loan limit of $947,706 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in Swampscott School District in Nahant (7-12) before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Swampscott School District in Nahant (7-12) is $806,501. With a typical local home value of $824,092 in , a standard 20%-down mortgage requires a loan size of $659,274. 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 Swampscott School District in Nahant (7-12), MA impact estimated mortgage payments?
The median home value in Swampscott School District in Nahant (7-12), MA is estimated at $824,092. Buying a typical home here with a standard 20% down payment ($164,818) translates to an estimated starting monthly mortgage payment of $4,586 (principal and interest). Compared to the local area median household income of $112,762 ($9,397/mo), this basic housing payment represents approximately 48.8% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.