In a normal home - selling transaction, the buyer (who doesn't have ALL of the money for a house) goes to a lender (such as a bank) and they pay a down payment and then make regular monthly mortgage payments until the borrowed amount is paid in full. (rapidhousebuyers.com)
As a result of regular monthly mortgage payments, you have paid down your mortgage debt by $ 18,000, so you now owe $ 252,000. (starloanservices.com)
In addition to your regular monthly mortgage payments on your FHA loan, you will also pay a fixed monthly MIP fee for the life of the loan. (usmi.org)