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How big is the mortgage insurance premium (MIP)?

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How big is the mortgage insurance premium (MIP)?

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The FHA/HUD MIP can be around 1.5% paid upfront or rolled into the FHA loan; or there could also be monthly mortgage insurance premium (MIP). FHA loans used to purchase a condo require only monthly MIPs. The mortgage insurance premium (MIP) is partially refundable.

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