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

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

   The down payment, on the other hand, is the portion of the home’s purchase price you’re paying upfront, rather than financing with the loan. For an FHA loan, this amounts to a minimum 3.5 percent.

3. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   Starting loan balance. Monthly payment. Paid toward principal. Paid toward interest. New loan balance. Month 1. $20,000. $387. $287. $100. $19,713. Month 2. $19,713. $387

4. FHA insured loan - Wikipedia

   en.wikipedia.org/wiki/FHA_insured_loan

   The 3/1 and 5/1 FHA Hybrid products allow up to a 1% annual interest rate adjustment after the initial fixed interest rate period, and a 5% interest rate cap over the life of the loan. The new payment after an adjustment will be calculated on the current principal balance at the time of the adjustment.

5. How much is an FHA loan down payment? - AOL

   www.aol.com/finance/much-fha-loan-down-payment...

   The minimum FHA loan down payment is either 3.5 percent or 10 percent of the home’s purchase price, ... You must pay an upfront MIP of 1.75 percent of the loan principal.

6. Federal Housing Administration - Wikipedia

   en.wikipedia.org/wiki/Federal_Housing_Administration

   For loans with FHA Case Numbers assigned on or after June 3, 2013, the duration of MIP payments is determined by factors including loan term, LTV ratio, and previous payment history. The upfront mortgage insurance premium (UFMIP) is a fixed 1.75% of the base loan amount and is mandatory, payable in cash at closing or financed into the loan.

7. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   FHA loan: Insured by the Federal Housing Administration, FHA loans allow you to buy a home with a minimum credit score of 580 and as little as 3.5 percent down, or a credit score as low as 500 ...