Calculator / Loan Types

Loan Types Explained

Every loan type, explained in plain English, with a calculator and the guide that goes deeper. Not sure which fits? The calculator matches you automatically.

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Conventional Loan

PMI, limits, real numbers

FHA Loan

Low down payment, flexible credit

VA Loan

Zero down, no PMI, for veterans

USDA Loan

Zero down in eligible areas

Jumbo Loan

Above the conforming limit

Construction Loan

Build from land to home

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Important disclosures. LoanFitCalc is a free educational tool that provides estimates only. It is not a loan, a loan approval, a commitment to lend, a rate lock, or an offer to make a loan, and it does not provide financial, legal, or tax advice or recommend a specific loan for you. Mortgage insurance rates, funding and guarantee fees, loan limits, taxes, and insurance figures are typical published values used for estimation and are subject to change. Program eligibility rules are summarized and simplified. Actual terms depend on your full application, credit, property, and lender underwriting. Consult a licensed mortgage loan originator before making any decision. LoanFitCalc is an independent educational website and is not a lender. ⌂ Equal Housing Opportunity