FHA Upfront MIP

[sugardust6]

When obtaining a new FHA Loan does the Up Front MIP add towards the total LTV? Example: on a $200,000 My downpayment is 10% making my loan amount $180,000.. and then the UFMIP would be $3,150 would that make my LTV about 11.5%? Or is that more of a "FHA Fee"?

[Anonymous]

I believe for initial approval/LTV numbers it is not based upon the MIP being added in, but of course if you look to refi or whatever down the road it will be based upon the balance owed.