Stop Paying FHA Mortgage Insurance for Life

September 24, 2026

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David Ghazaryan

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TL;DR

This article provides a detailed comparison of FHA and conventional loans, focusing on the financial implications for homebuyers in the Austin market.

Key differences in mortgage insurance are highlighted as the primary factor affecting long-term costs.

FHA Mortgage Insurance (MIP): FHA loans feature a mandatory mortgage insurance premium that includes an upfront fee and a monthly payment that lasts for the life of the loan.
Conventional Private Mortgage Insurance (PMI): Conventional loans only require PMI for down payments under 20% and it can be canceled once sufficient home equity is reached.
Long-Term Cost Analysis: A cost breakdown for a sample Austin home purchase shows that a conventional loan can save a borrower nearly $20,000 over ten years.
Market Competitiveness: In a competitive market, offers made with conventional financing are often perceived as stronger by sellers.

Read the full blog article here: https://www.iqratemortgages.com/blog/austin-fha-vs-conventional-loan-the-long-term-cost

Video Transcript:

Many home loans seem cheap, but have a hidden cost. I’m David Ghazaryan. My work avoids this one expensive mistake. The FHA loan has insurance payments that last for life. But another loan type lets you cancel its insurance payments. This single choice can save you thousands of dollars overtime. See my analysis on social platforms and the article link.

Read Blog Here: https://www.iqratemortgages.com/blog/austin-fha-vs-conventional-loan-the-long-term-cost

David Ghazaryan

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