Mortgage insurance premiums. Calculate a mortgage insurance premium. MIP, mip, mortgage insurance

Las Vegas real estate in Las Vegas, Nevada!

Read About MIP Insurance!

How to calculate a Mortgage Insurance Premium! How to calculate a Mortgage Insurance Premium!
How to calculate a Mortgage Insurance Premium! How to calculate a Mortgage Insurance Premium! How to calculate a Mortgage Insurance Premium! How to calculate a Mortgage Insurance Premium!

Read About MIP Insurance!

Las Vegas real estate in Las Vegas, Nevada!

"MIP" Is Issued With FHA Loans Only

(Anything posted on this page is subject to change without notice)

The following are tables of the upfront MIP and monthly
mortgage insurance percentages for FHA home loans.

 For 15 year loans originating after April 1, 2010

Upfront MIP

Down Payment

Monthly MI

 2.25%

4.99% or less

 0.50%

 2.25%

5% to 10%

 0.50%

 2.25%

10.01% or more

 0%

 For 30 year loans originating after April 1, 2010

Upfront MIP

Down Payment

Monthly MI

 2.25%

4.99% or less

 0.50%

 2.25%

5% to 10%

 0.50%

 2.25%

10.01% or more

 0.50%

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- A Calculation Example -

You need to borrow $100,000, want a 30 year loan,
and will be putting down 5% of the selling price.

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(The Solution)

To calculate the monthly Mortgage Insurance Premium fee,
you will first need to calculate your "Up Front Premium" ....

a.

Look at the "30 year loan" table, and locate the
percentage of the up front premium you will pay.

(In this example, it is 2.25%)

b. Multiply $100,000 (your loan amount ) by 2.25%
$100,000 x .0225 = $2,250

Your "Up-Front" MIP premium is $2,250
(It can be financed into your loan too!)

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Now you will calculate the amount of the
"monthly" premium you will pay....

c.

Multiply $100,000 (your loan amount ) by 0.50%
$100,000 x .005 = $500
d. Divide $500 by 12 (months) = $41.67
Your premium is $41.67 per month!

- Notes -

The "Up-Front" premium may be financed (included in the total loan!!)
Condominiums DO NOT require payment of the "Up-Front" premium.

Additional "Mortgage Insurance" Pages

- Additional "FHA Loan" Pages -

Bart Austin and CENTURY 21 Aadvantage Gold! ... You KNOW Who Stands Behind Me! Call (702) 362-1653 for ALL your Las Vegas Real Estate needs! New and Resale Homes and Condos, Golf & Retirement Communities, Luxury High Rises! Bart Austin and CENTURY 21 Aadvantage Gold! ... You KNOW Who Stands Behind Me! Call (702) 362-1653 for ALL your Las Vegas Real Estate needs! New and Resale Homes and Condos, Golf & Retirement Communities, Luxury High Rises! Bart Austin and CENTURY 21 Aadvantage Gold! ... You KNOW Who Stands Behind Me! Call (702) 362-1653 for ALL your Las Vegas Real Estate needs! New and Resale Homes and Condos, Golf & Retirement Communities, Luxury High Rises!
Bart Austin and CENTURY 21 Aadvantage Gold! ... You KNOW Who Stands Behind Me! Call (702) 362-1653 for ALL your Las Vegas Real Estate needs! New and Resale Homes and Condos, Golf & Retirement Communities, Luxury High Rises! Bart Austin and CENTURY 21 Aadvantage Gold! ... You KNOW Who Stands Behind Me! Call (702) 362-1653 for ALL your Las Vegas Real Estate needs! New and Resale Homes and Condos, Golf & Retirement Communities, Luxury High Rises! Bart Austin and CENTURY 21 Aadvantage Gold! ... You KNOW Who Stands Behind Me! Call (702) 362-1653 for ALL your Las Vegas Real Estate needs! New and Resale Homes and Condos, Golf & Retirement Communities, Luxury High Rises!

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