FHA vs. Conventional Loans

[Ryan D]

I'm hoping to get some people's opinions on FHA vs. Conventional Loans. It seems that in the long run (assuming one can afford the higher down payment, closing costs,etc.), it is better to get a conventional loan? How much seller assist does a typical conventional loan allow for (compared to the 6% with an FHA)? I don't think conventional loans require a MIP fee at closing and a monthly MIP payment right? From what I understand that is the main difference between the 2 types of financing. Any feedback/recommendations is welcome. Thanks!