For example, if your LTV is more than 90 percent, the annual mortgage premium will be collected through the end of your mortgage term, or 30 years, whichever comes first. (studentloanhero.com)
As you get closer to the end of your mortgage term, more of your payment goes toward the principal. (studentloanhero.com)
That policy letter states: «For any mortgage... with an LTV greater than 90 %, FHA will assess the annual MIP until the end of the mortgage term or for the first 30 years of the term, whichever occurs first.» (homebuyinginstitute.com)