FHA monthly mortgage insurance is going up.

 

Staring on April 18, 2011, the amount you pay for monthly mortgage insurance on an FHA loan is going up by .25%.

The box below shows how this increase will impact a typical FHA Loan.

 

 

Current FHA Monthly Mortgage Insurance FHA Monthly Mortgage Insurance After 4/18/2011
Sales Price $250,000.00 $250,000.00
Loan Amount with 3.5% down $241,250.00 $241,250.00
FHA Monthly Mortgage Insurance Payment $180.94 $231.20
Difference In Payment $50.26 more per month!