National and Wisconsin FHA mortgage home loans has changed the up front and monthly mortgage insurance premiums.
Here is an example of how this change will effect your Wisconsin mortgage monthly payment.
Effective Oct. 4th the new up front and monthly mortgage insurance premiums changed. Here's an example of purchasing a home for $100,000 putting 3.5% downpayment estimating home insurance at $480 per year and real estate taxes at $2400 per year at 4.25% on a 30 year fixed rate.
The old premiums your total mortgage payment would be $769.29 per month. Under the new mortgage insurance premiums that payment is now $791.29 per month.
Ron Meyer is a Wisconsin licensed Sr. Loan Originator NMLS #222688 with GSF Mortgage Corporation NMLS #1018 located at 300 Patriot Dr. Little Chute, WI 54140 We specialize in financing purchases and refinancing home loan mortgages for all of Wisconsin. As a local lender we pride ourselves on offering quality service before and after your closing. Our underwriting is all done in house, allowing us to have quicker than normal processing time of your loan.
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