| A VA loan is typically cheaper than a conventional loan for eligible borrowers who plan to stay in the home longer than about four years, mainly because it eliminates private mortgage insurance (PMI) in exchange for a one-time funding fee. On a $400,000 home, an eligible borrower with 0% down pays an $8,600 VA funding […] The post VA Loan vs. Conventional Loan: Cost Comparison first appeared on Tomo Mortgage | Reports . |
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