Estimate monthly payments and MIP costs for FHA-insured home loans.
Base Loan Amount
$289,500.00
Down payment: $10,500.00 (3.50%)
Monthly P&I
$1,829.84
Monthly MIP
$205.06
0.85% annual rate
Total Monthly Payment
$2,034.90
Total Interest
$369,241.29
Total MIP Paid
$73,822.50
Total Cost
$732,563.79
Over 360.00 months