The monthly payments land close, but at 25% down with a 750 score, conventional is usually the cleaner deal overall. Why they land close: FHA typically prices somewhat below conventional on rate, but FHA also charges an annual mortgage insurance premium that runs for the life of most FHA loans, and that premium roughly cancels the rate advantage in the monthly payment. What tips it to conventional at this profile: - No mortgage insurance at all. Fannie Mae and Freddie Mac require MI only when the loan is above 80% of value. At 25% down you are well under that line, so a conventional loan carries none. - FHA's upfront premium. FHA adds an upfront mortgage insurance premium, a percentage of the loan financed into your balance. With 25% down and strong credit, you would be paying that for no real benefit. - USDA has the same catch. USDA's guarantee fees (an upfront fee plus an annual fee) apply regardless of down payment, so 25% down does not remove them the way it removes conventional MI. The exact premium percentages change over time, so ask your lender to quote the options side by side with every mortgage-insurance cost included. Once you are putting down enough that conventional needs no MI, the comparison usually makes the answer obvious.