The conventional wisdom says an FHA loan provides the lowest cost for a home mortgage. But look closely and you'll find that MassHousing's RightRate mortgage is a better deal. FHA may carry slightly lower interest rate, but its mortgage insurance premium is higher. Using today's interest rates, on a $200,000 loan with a $7,000 downpayment, a borrower will save more than $72 per month and $26,000 over 30 years by choosing MassHousing's RightRate over FHA. Make the Right Choice with RightRate. Talk to a MassHousing lender and request RightRate from MassHousing. Income restrictions apply.