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2. What is an FHA mortgage insurance premium? - AOL

   www.aol.com/finance/fha-mortgage-insurance...

   Example of an FHA MIP payment. Say you bought a $340,000 home with the minimum 3.5 percent down ($11,900) on a 30-year FHA loan at 6.4 percent interest.

3. FHA closing costs: What they are and how much you’ll pay - AOL

   www.aol.com/finance/fha-closing-costs-much-ll...

   One requirement when taking out an FHA mortgage: mortgage insurance premiums (MIP). This includes an upfront premium paid at closing, equal to 1.75 percent of the loan principal.

4. Guide to FHA adjustable-rate mortgages - AOL

   www.aol.com/finance/guide-fha-adjustable-rate...

   Mortgage insurance premiums (MIP): 1.75 percent of the amount borrowed at closing, plus annual premiums based on the amount borrowed, down payment and loan term (15 or 30 years)

5. How to remove mortgage insurance on an FHA loan - AOL

   www.aol.com/finance/remove-mortgage-insurance...

   The ability to remove FHA mortgage insurance depends on your loan origination date and size of your down payment. ... Our mortgage refinance calculator can help you decide. 3. Contact your servicer

6. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators can be used to answer such questions as: If one borrows $250,000 at a 7% annual interest rate and pays the loan back over thirty years, with $3,000 annual property tax payment, $1,500 annual property insurance cost and 0.5% annual private mortgage insurance payment, what will the monthly payment be? The answer is $2,142.42.

7. How much is a down payment on a house? - AOL

   www.aol.com/finance/much-down-payment-house...

   The annual MIP is based on the size of your down payment, loan amount and loan term. If you put down 10 percent or more, this annual MIP can be removed after 11 years if you took out your FHA ...