FHA loans will see the monthly mortgage insurance increase from 0.9% each month to 1.15%. This is for all loans registered after April 18th. What does this look like for a monthly payment
on a $100,000 loan amount. Currently the monthly mortgage insurance payment is $75 and will increase to $95.83 in April.
The Upfront mortgage insurance will remain 1%.
This is good motivation to get FAH loans registered before APril 18th,2011.
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