FHA Loan: Upfront MIP Financed?

For an FHA Loan, if the Upfront Mortgage Insurance Premium is financed into the mortgage, will that just be an additional cost to my monthly mortgage (PITI) or will I have to pay a premium (1.5%) at closing with an additional fee to my monthly mortgage?

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This entry was posted on Sunday, June 7th, 2009 at 1:24 pm and is filed under FHA Mortgage Insurance Premium. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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One Response to “FHA Loan: Upfront MIP Financed?”

Lisa L says:

June 7, 2009 at 1:24 pm

The upfront MIP is now 1.75% & it is typically financed.

Tags: fha loan, insurance, mortgage insurance premium, mortgage piti, upfront mortgage insurance,

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