Dale Bohannon - REALTOR - eXp Realty

FHA MONTHLY MORTGAGE INSURANCE - WHAT DOES MIP COST


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FHA MONTHLY MORTGAGE INSURANCE:  While there are many potential advantages of FHA financing, these loans require mortgage insurance. Borrowers will pay a monthly premium that is added to the mortgage payment. The fee varies based on the size of the down payment, the loan amount, the length of the loan, and the credit score. To see an estimate of the monthly costs, search for a home on transpero.com and click the Estimates tab. See the Monthly Payments section. Please keep in mind that interest rates change hourly and not everyone will qualify. ALL ESTIMATES are intended only as a placeholder or approximate guide and should not be relied upon. Estimates are based on industry averages and may vary substantially from actual costs.  I do not warrant or guarantee any of the estimates. Contact a lender for more precise figures.

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