US Loan Product Calculator
One rental deal, priced four ways — DSCR, conventional, FHA and VA.
The deal
Drives the property-tax rate, which varies more between states than the loan products differ from each other.
Best monthly cashflow
$-376
VA
Mortgage insurance avoided
$260
per month vs conventional at this LTV
Conventional
Anyone who qualifies on personal income. Private mortgage insurance applies while the loan is above 80% of value and falls away below it.
FHA
Owner-occupiers only — you must live in the property, so it fits a 2-4 unit house hack and not a pure rental. Annual mortgage insurance is charged whatever the deposit.
VA
Eligible veterans and serving members, owner-occupied. No mortgage insurance at all, which is why it beats the others on cashflow whenever it is available.
DSCR / non-QM
Investors. Underwritten on the property’s rent rather than your income, so it does not consume your personal borrowing capacity — and no mortgage insurance. Lenders generally want the rent to cover the debt by 1.2x or better.
What actually differs between the products
Every line is the same across the four except mortgage insurance. Conventional charges it above 80% LTV, FHA charges it regardless, VA and DSCR never do.