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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One Response to “FHA Loan: Upfront MIP Financed?”

  1. Lisa L says:

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

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