Business & Finance mortgage

How to Calculate the PMI for an FHA Loan

    • 1). Acquire the right information. Find the price of your new home, the FHA loan amount, the interest rate and the term of the loan.

    • 2). Plug that information into the top half of the PMI calculator linked in Resources below.

    • 3). Click "Estimate PMI" on the PMI calculator. Copy the results.

    • 4). Call a loan specialist with the results you've found. Make sure that the information you are working with is the right information.

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