How to Calculate Upfront PMI

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Tip 1 - How to Calculate Mortgage Insurance Premium

Published: 9 years, 3 month(s) ago | Submitted by steelski | permalink

Private mortgage insurance, or PMI, is required for all mortgages insured by the Federal Housing Administration, which are commonly called FHA loans. These loans require minimal down payments and ...

For further reading: http://homeguides.sfgate.com/calculate-mortgage-insurance-premium-9455.html ^[1]

Tip 2 - How Do I Calculate an Upfront Mortgage Insurance Premium for a Refinance?

Published: 9 years, 3 month(s) ago | Submitted by tiago alves | permalink

If you are refinancing you home loan with an FHA-insured mortgage, the FHA will require the payment of an upfront mortgage insurance premium--MIP. The MIP amount is based on the size of your ...

For further reading: http://homeguides.sfgate.com/calculate-upfront-mortgage-insurance-premium-refinance-9451.html ^[2]

Tip 3 - How to Deduct Your Upfront Mortgage Insurance Premiums

Published: 9 years, 3 month(s) ago | Submitted by Bontle Mogapi | permalink

Here’s how to deduct your mortgage insurance premium on your tax return — from HouseLogic, the expert in home-related tax deductions.
Tags: mortgage insurance premium deduction, upfront mortgage insurance, guarantee fee, funding fee, upfront fee

For further reading: http://www.houselogic.com/home-advice/tax-deductions/how-deduct-your-upfront-mortgage-insurance-premiums/ ^[3]