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Program ComparisonGeneratedComparing 4 programs

Sample Strategy Report

Generated August 26, 2026 · Borrower: Sarah Mitchell

Recommended strategy: Lead with VA — strongest 30-year wealth outcome ($224,900), lowest monthly payment, and clean underwriting. Use USDA as the fallback if VA entitlement is a constraint; confirm the Travis County income cap first.

Borrower SnapshotProfile used for all program scenarios
Name
Sarah Mitchell
Credit Score
742
Income
$10,667/mo
Status
First-Time Buyer | Veteran
Scenario Comparison4 programs | ranked by 30-year wealth
ProgramDownRateMonthlyCash to closeDTI5Y Wealth30Y WealthEligibility
VA0%6.250%$3,150$11,55039.4%$48,600$224,900Likely Eligible
USDA0%6.375%$3,303$11,55040.8%$45,100$211,300Possibly Eligible
Conventional7%6.875%$3,288$40,39040.7%$36,200$182,400Likely Eligible
FHA4%6.500%$3,308$32,92840.9%$27,400$168,900Likely Eligible
InsightsDeterministic advisories from the analysis engine
  • ✓

    Highest projected net worth

    VA

    VA produces the highest 30-year net worth of 4 programs ($224,900), beating the next-best (USDA) by $13,600.

  • ✓

    Lowest cash to close

    VA, USDA

    VA and USDA both require only $11,550 at the table (closing costs + prepaids; no down payment), saving $28,840 vs the Conventional path.

  • ✓

    Lowest monthly payment

    VA

    VA also carries the lowest monthly payment at $3,150 — zero down and no mortgage insurance keep it below every other program.

  • ✓

    Lowest lifetime program cost

    VA

    VA has the lowest lifetime program cost ($20,408 total), beating the next-best (USDA, $58,870) by $38,462.

  • !

    Eligibility risk conflict

    USDA

    USDA is the only program flagged "possibly eligible" — verify household income against the Travis County, TX income cap before quoting.

  • ✓

    Recommended strategy

    VA

    Lead with VA; it has the strongest 30-year wealth outcome and clean underwriting. Use USDA as the fallback if cash at closing or VA entitlement is a constraint.

Risk Flags5 flags identified
warningFannie Mae B3-6-02

Back-end DTI at 40.7% — above the 36% comfort threshold, within the 43% Fannie Mae limit.

Conventional · back-end DTI 40.7% (Fannie Mae guideline limit 43%)

warningUSDA HB-1-3555

USDA household income cap needs verification.

Household income $128,000/yr must be compared against the Travis County, TX limit for the household size.

informationalHomeowners Protection Act

Mortgage insurance required — Conventional LTV 93% exceeds the 80% threshold.

PMI ≈ $158/mo; cancels automatically at 78% LTV.

informationalFHA 203(b) / HUD ML 2023-05

FHA upfront MIP of $6,958 financed into the loan balance.

Upfront MIP 1.75% of base loan; monthly MIP $182 for the life of the loan at this LTV.

informationalFannie Mae HomeReady

First-time buyer — down payment assistance programs may reduce cash to close.

Conventional down payment $28,840 (7%).

Assumptions & Rule SourcesAll calculations rely on these assumptions

General Assumptions

  • —Home appreciation: 3% annually; investment return: 7% annually (pre-tax); inflation: 2.5%.
  • —Property taxes at 1.1% of purchase price; homeowners insurance $1,800/yr; HOA $85/mo.
  • —Conventional PMI at 0.50% of the loan amount annually, cancelling at 78% LTV.
  • —FHA upfront MIP 1.75% financed; annual MIP 0.55% of the base loan.
  • —VA funding fee 2.15% (first use, 0% down) financed into the loan.
  • —USDA guarantee fee 1% upfront + 0.35% annual, both financed.
  • —30-year fixed-rate terms; rates reflect current PMMS averages.
  • —Wealth projections model 15% of gross income contributed to investments annually.
DisclaimerRequired | read before sharing
Morgauge is not a lender, mortgage broker, or credit decisioning system. All scenarios are estimates based on provided information and current publicly available guidelines. Results do not constitute a mortgage pre-approval, loan commitment, or guarantee of eligibility. Always consult a licensed mortgage professional before making financing decisions. Projections are hypothetical and not guarantees of future performance.

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