Prefer to talk in person? Find a mortgage specialist on Zillow

How do You calculate MIP when doing a FHA streamline

  • July 13 2012 - Eagle Rock
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

It really depends, however MI is less important than many of the other factors involved with a streamline. For instance the following are much more important.

How much lower will my rate be
What will my new balance be
Will I have to bring cash to closing
Could I qualify for a conventional mortgage

Streamlines and HARP 2.0 fill the airways because they are easy, but to get the facts you need to talk to a mortgage professional that knows what they are doing.
  • August 07 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for funds2
Depends on the date mortgage was endorsed.(date FHA insured loan)  Prior to 5/312009 will be about half of cost of loan closed after that date. .55 MIP if prior and 1.20- (below 95% LTV) - 1.25 ( above 95%LTV) MIP if after.......all based on 30 yr fixed.
  • July 13 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.