Sentences with phrase «time upfront mortgage insurance premium»

This is based upon a $ 200,000 sales price with 20 % down and 1.75 % one time upfront mortgage insurance premium (MIP) of the base loan amount of $ 160,000, which works out to $ 2,800, and a monthly mortgage mortgage insurance premium at 1.30 % of the base loan amount.

Similar to an FHA home loan, an FHA Streamline requires mortgage insurance: a one - time upfront mortgage insurance premium (UFMIP) fee paid at closing; and a monthly mortgage insurance payment.

Not exact matches

First, that means paying a one - time, upfront mortgage insurance premium equal to 1.75 % of the loan amount to close the loan.

There is an upfront mortgage insurance premium (MIP) that equals 1.75 % of the loan amount, as well as an annual MIP that is typically paid 12 times per year as part of the monthly mortgage payment.

Suitably named, this type of mortgage insurance is a one - time premium charged upfront, equalling 1.75 % of the loan amount.

Until recently, when the cost of FHA's upfront mortgage insurance premiums increased from 1.75 % tp 2.25 %, it was taken for granted that FHA was the cheaper option, all the time, end of story.

First, that means paying a one - time, upfront mortgage insurance premium equal to 1.75 % of the loan amount to close the loan.

FHA mortgage insurance is not free: borrowers pay an upfront insurance premium (which may be financed) at the time of purchase, as well as monthly premiums that are not financed, but instead are added to the regular mortgage payment.

First, that means paying a one - time, upfront mortgage insurance premium equal to 1.75 % of the loan amount to close the loan.