FHA insurance cost

[jimmyle]

The interest rate is just hypothetical. So I would pay a one time fee of $7,875 and no additional monthly payment?

Thanks,

[temeculaguy]

I was typing at the same time as mortgage mentor, why do you list 1.75 when fha’s website says 1.5?

[temeculaguy]

I was typing at the same time as mortgage mentor, why do you list 1.75 when fha’s website says 1.5?

[temeculaguy]

I was typing at the same time as mortgage mentor, why do you list 1.75 when fha’s website says 1.5?

[temeculaguy]

I was typing at the same time as mortgage mentor, why do you list 1.75 when fha’s website says 1.5?

[temeculaguy]

I was typing at the same time as mortgage mentor, why do you list 1.75 when fha’s website says 1.5?

[temeculaguy]

[quote=jimmyle]The interest rate is just hypothetical. So I would pay a one time fee of $7,875 and no additional monthly payment?

Thanks,[/quote]

You pay both, you have to, it’s been like that for decades, that is how they cover losses, that is what insurance does, that’s also while they were giving money away a few years ago nobody used them, now it’s popular again, but they actually make sure you can repay and you pay for the right to not drop 20%

[temeculaguy]

[quote=jimmyle]The interest rate is just hypothetical. So I would pay a one time fee of $7,875 and no additional monthly payment?

Thanks,[/quote]

You pay both, you have to, it’s been like that for decades, that is how they cover losses, that is what insurance does, that’s also while they were giving money away a few years ago nobody used them, now it’s popular again, but they actually make sure you can repay and you pay for the right to not drop 20%

[temeculaguy]

[quote=jimmyle]The interest rate is just hypothetical. So I would pay a one time fee of $7,875 and no additional monthly payment?

Thanks,[/quote]

You pay both, you have to, it’s been like that for decades, that is how they cover losses, that is what insurance does, that’s also while they were giving money away a few years ago nobody used them, now it’s popular again, but they actually make sure you can repay and you pay for the right to not drop 20%

[temeculaguy]

[quote=jimmyle]The interest rate is just hypothetical. So I would pay a one time fee of $7,875 and no additional monthly payment?

Thanks,[/quote]

You pay both, you have to, it’s been like that for decades, that is how they cover losses, that is what insurance does, that’s also while they were giving money away a few years ago nobody used them, now it’s popular again, but they actually make sure you can repay and you pay for the right to not drop 20%

[temeculaguy]

[quote=jimmyle]The interest rate is just hypothetical. So I would pay a one time fee of $7,875 and no additional monthly payment?

Thanks,[/quote]

You pay both, you have to, it’s been like that for decades, that is how they cover losses, that is what insurance does, that’s also while they were giving money away a few years ago nobody used them, now it’s popular again, but they actually make sure you can repay and you pay for the right to not drop 20%

[AK]

[quote=temeculaguy]I was typing at the same time as mortgage mentor, why do you list 1.75 when fha’s website says 1.5?[/quote]

I think it’s 1.75% for purchase loans but as low as 1.5% for some refis.

The link above is to FHA.com which is not an official site. (But it’s just about impossible to find useful information on the actual official government site, hud.gov.)

[AK]

[quote=temeculaguy]I was typing at the same time as mortgage mentor, why do you list 1.75 when fha’s website says 1.5?[/quote]

I think it’s 1.75% for purchase loans but as low as 1.5% for some refis.

The link above is to FHA.com which is not an official site. (But it’s just about impossible to find useful information on the actual official government site, hud.gov.)

[AK]

[quote=temeculaguy]I was typing at the same time as mortgage mentor, why do you list 1.75 when fha’s website says 1.5?[/quote]

I think it’s 1.75% for purchase loans but as low as 1.5% for some refis.

The link above is to FHA.com which is not an official site. (But it’s just about impossible to find useful information on the actual official government site, hud.gov.)

[AK]

[quote=temeculaguy]I was typing at the same time as mortgage mentor, why do you list 1.75 when fha’s website says 1.5?[/quote]

I think it’s 1.75% for purchase loans but as low as 1.5% for some refis.

The link above is to FHA.com which is not an official site. (But it’s just about impossible to find useful information on the actual official government site, hud.gov.)

[Author]

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