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Updated almost 10 years ago on . Most recent reply

Nathan Blumanhourst's profile image
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Nathan Blumanhourst
  • Rental Property Investor
  • from Wichita, KS
  • Member since Aug 3, 2015
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Nathan Blumanhourst's profile image
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Nathan Blumanhourst
  • Rental Property Investor
  • from Wichita, KS
  • Member since Aug 3, 2015
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Nathan Blumanhourst
  • Rental Property Investor
  • Wichita, KS
8
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27
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General Real Estate Investing

FHA loans and FHA 203k loans

Nathan Blumanhourst
  • Rental Property Investor
  • Wichita, KS
Posted

I was wondering how the mortgage insurance calculated. Is it a percentage or is it a fixed rate?

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Vincent Crane
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  • from Atlanta, GA
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Vincent Crane
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Vincent Crane
  • Realtor
  • Atlanta, GA
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Vincent Crane
  • Realtor
  • Atlanta, GA
Replied

Generally with an FHA loan, if you put down say 3.5%, you'll have to pay an additional $100 per $100k financed, so $200k house might be an extra $200 a month, I believe.

  • Vincent Crane
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