FHA mortgage insurance includes upfront MIP and annual MIP. Learn how it works, what it costs, and how it differs from PMI with The 2 Mortgage Guys.
FHA mortgage insurance includes upfront MIP and annual MIP. Learn how it works, what it costs, and how it differs from PMI with The 2 Mortgage Guys.
LOAN PROGRAMS
CLIENT BENEFITS
MORE PAGES
FHA mortgage insurance (MIP) protects the lender and is required on FHA loans. Most borrowers pay an upfront premium plus an annual premium that is collected monthly with the mortgage payment.
Two premiums, one purpose: making flexible FHA financing possible.
Your monthly MIP is not random — a few file inputs drive the factor.
The right choice depends on credit, cash, and how long you will keep the loan.
No surprises at closing — you will know the monthly and lifetime cost picture.
Step
Related guides to help you compare options and move toward pre-approval.
Run the numbers before you apply — then get a real pre-approval from Ryan or Steve.
2MG Daily
Recent articles from our blog on FHA MIP, payments, and homebuying.
No related blog posts yet. Check back soon for the latest updates.
We will show principal, interest, taxes, insurance, and MIP — then compare it with conventional PMI for your scenario.
Steve DeLon and Ryan Minick - Branch Managers and Senior Loan Officers at .
Follow Us On
Contact
Ryan Minick NMLS# 203249
Steve DeLon NMLS# 202876
NMLS#
1221 Appletree Lane, Kokomo, IN 46902
© The 2 Mortgage Guys at . All rights reserved.