It will be lower annually, and a little higher monthly.
Here is the new Mortgage Insurance schedule for FHA for all case numbers pulled after October the 4th…
| Loan Term | LTV | Up Frot MIP | Monthly MIP |
| 30 Yrs | <95% | 1.00% | 0.85% |
| 30 Yrs | >95% | 1.00% | 0.90% |
| 15 Yrs | <90% | 1.00% | None |
| 15 Yrs | >90% | 1.00% | 0.25% |
I also wanted to remind you to check out this special report I wrote – it will come in handy if you need help paying closing costs on your next purchase…
http://loansdonequickly.com/?page_id=358
Use the code (lighthouse) to open this exclusive report.
I hope you have a good day today, and a good week. Thanks for reading!
Brett
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