Reader question: “I am confused about the private mortgage insurance that is (or maybe isn't?) attached to FHA loans. I've read that these loans require PMI,
However, with a conventional or FHA loan, you’ll have to pay private mortgage insurance, aka PMI. it can be worth it. A mortgage calculator can help you determine whether discount points are a good.
Principal & interest: fha mip fha MIP is determined by your down payment and loan term. FHA MIP Explained + Monthly Escrow Escrow is a portion of your monthly payment that goes into an account with your mortgage holder that is used to pay your property taxes and annual homeowner’s insurance.