First-time home-buyer; I can qualify for conventional, but is FHA a better deal?Assuming the lenders fees are the same, here's how I see it; please correct me if I'm wrong:Conventional: slightly higher rate, higher monthly MI, but no upfront MI and MI easier to get rid ofFHA: slightly lower rate, upfront PMI, monthly MI harder to loseI'm planning on staying in the house 5-6 years, so I wouldn't be in the home long enough to see the benefit of the slightly lower interest rate, right? It seems like conventional is better because no upfront MI and easier to lose MI if house appreciates?February 13 2011 - Portland11YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.