FHA MIP Calculator
FHA MIP: a planned Super Calculator tool. Covers base loan amount (currency). Stub page: the tool, its formula and a worked example are not published yet.
FHA MIP Calculator is a planned calculator in the real estate section of Super Calculator, covering mortgage core.
What this calculator will compute
Inputs: base loan amount (currency), LTV (%), term (years) and finance upfront MIP (yes or no).
Outputs: upfront MIP (currency), monthly MIP (currency), MIP duration (years) and total MIP over the loan (currency).
Formula, recorded as scope and not yet verified against a primary source: Upfront MIP is 1.75% of the base loan amount, financeable into the balance. Annual MIP is a rate applied to the average outstanding balance and divided into 12 payments, drawn from a table keyed on base loan amount, LTV and term. Duration is 11 years where LTV at origination is 90% or less and the life of the loan above that.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.