How can I calculate my monthly payment including mortgage insurance?
My only option is FHA but I don't know how to calculate the monthly premium payment. I a looking at loan amounts of $250K and the rates I've been seeing for 30 yr fixeds have been around 4.05%
Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions
Ok if the loan amount is 250K with a rate of 4.05 which is very good by the way. your principle and interest will be 1200.76 and yor MI would be 281.25to figure the MI payment multiple 1.35% times the loan amount divided by 12. thats for anything over 90% under 90% is 1.3
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