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Posts: 7,225
Registered: ‎09-16-2011
Re: just need "clarification"

ledzep75 wrote:

I understand about the taxes and insurance in DTI (Iv'e been "playing with the FHA calculator on their website). However this is the first Iv'e heard regarding an FHA "monthly fee " . What exactly is this? Thanks


 

Fha mortgage insurance premium fee that is added to your monthly payment. The other Fha fee is the upfront mortgage insurance premium. Here is a website that may explain it a little better. http://budgeting.thenest.com/calculate-fha-mortgage-insurance-premium-3286.html

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