i understand that an FHA loan is more expensive in terms of fees, but assumability of a mortgage has a value. about how much is it worth?

also, I know i’ve been told previously that I’m a dope for worrying about possible earthquakes, but earthquake insurance is expensive, so there must be some realistic risk. Isn’t a 3.5% down fha loan like free earthquake insurance, since you have no money int he place… plus, you get the right later to sell the loan to someone else — maybe fha loans are better deals than regular loans….

for insatnce. I buy a house for $500,000 this month. I put 17,500 down and get back $8,000. I lvie there 7 years, i pay $18,000 in mortgage insurance. Then I try to sellt he place. it’s worth $500,000. On a conventional lona, after fees, I’d lose money. But if I have a 5% loan, and interest rates are 10%, I can get a significantly higher price for my place than I would if the buyer had to get a 10% mortgage…right? and I couldnt’ get 7 years of earthquake insurance for 18 grand…