About these numbers. All figures are estimates calculated from the inputs above. Based on a 30 year long term mortgage. Property tax is estimated at ~1.56% of purchase price annually, homeowners insurance at $1,225/year, and FHA Mortgage Insurance Premium at 0.55% annual / 1.75% upfront on the loan amount. Prepaid interest assumes 7 days. Government fees, transfer taxes, and most third-party service fees are based on the example calculator and may vary by county and provider.

Why SHBA wins. No points, no processing fee, no monthly mortgage insurance, no upfront MIP, no escrow account, and no realtor admin fee. You pay your own taxes and insurance when they come due — twice a year and once a year, respectively.