This was shared with me today! Effective for FHA loans for which the case number is assigned on or after October 4, 2010, for FHA traditional purchase and refinance products, the upfront and annual mortgage insurance premiums, will change. The Upfront Mortgage Insurance Premium will fall from 2.25% to 1.00% of the loan amount. For example, on a $200,000 loan, the upfront mortgage insurance premium dollar amount will go from $4,500 down to $2,000. The Annual Mortgage Insurance Premium (paid in monthly increments) will increase. For a typical FHA 30-year fixed-rate mortgage with 3.5% down payment, the annual premium will increase from 0.55% to 0.90% of the loan amount. For example, on a $200,000 loan, the annual mortgage insurance premium will go from $1,100 ($91.67 per month) to $1,800 ($150.00 per month).