Posted on: 20th Feb, 2011 04:59 am
what does monthy mip total payments. I'm ub=uying a house.
MIP = Mortgage Insurance Premium - this is the amount you will pay every month to guarantee your loan - since you will be either using FHA or putting less than 20% down.
If using FHA you will also be charged an up front MIP which is added to the amount of your loan
B
If using FHA you will also be charged an up front MIP which is added to the amount of your loan
B