fha adds 116 to insured mortgages: FHA ADDS 93.320% to insured mortgages - 01/20/10 05:51 AM
Pay an upfront mortgage insurance premium of 2.25 percent of the total loan amount, up from the current level of 1.75 percent. A borrower taking out a $200,000 mortgage would pay a $4,500 fee, for example, rather than the current fee of $3,500. Borrowers will still be able to wrap these fees into the total amount borrowed. FHA officials also plan to ask Congress to increase the maximum annual premium that FHA can charge.
Principal borrowed: $1000.00 Annual Payments: 12   Total Payments: 360 (30.00 years)Annual interest rate: 5.00%   Periodic interest rate: 0.4167%Regular Payment amount: $5.37   Final Balloon Payment: $0.00Annual Debt Service Constant: … (0 comments)

 
Steve Albin (JustListedKnoxville.com / Signature Homes)

Steve Albin

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