Question 1

What's the monthly payment on a $750,000 conforming loan at today's rate?

Accepted Answer

At 5.875% on a $750,000 loan with 20% down, principal and interest run $4,437 monthly. That's based on April 8, 2026 pricing. Add property taxes, insurance, and HOA if applicable to get your total housing payment.

Question 2

Do I need 20% down to avoid PMI on a conforming loan?

Accepted Answer

Yes. 20% down (80% LTV) is the only way to skip PMI on a conforming loan. Below 20%, PMI is required and typically costs $200-400 monthly depending on your down payment and credit score.

Question 3

Can I get a conforming loan with less than 20% down in Seal Beach?

Accepted Answer

Yes. Conforming loans accept 3% down minimum. You'll pay PMI, but it cancels automatically at 78% LTV or by request at 80% LTV. The trade-off is higher monthly payment and PMI cost.

Question 4

What credit score do I need for a conforming loan here?

Accepted Answer

620 FICO is the minimum. Rates improve significantly at 740+. At 740 FICO with 20% down, you get the best pricing. Below 680, expect rate adjustments and tighter underwriting.

Question 5

How long does a conforming loan close in Seal Beach?

Accepted Answer

Conforming loans typically close in 30-45 days. Brokers often close faster than retail banks. Speed depends on appraisal turnaround and how quickly you provide documentation.

Conforming 30-year fixed mortgages in Seal Beach: 5.875% rate, $4,437/month on $750K