What is the Difference between Private Mortgage Insurance rates (PMI) and you may FHA’s Home loan Premium (MIP)? FHA’s yearly monthly mortgage insurance coverage (MMI) was permanent to possess individuals which have lower than 10% down payment. FHA’s MI is much more expensive than just PMI and causes large mortgage payments. PMI cost/premium much more… Continue reading What is the Difference between Private Mortgage Insurance rates (PMI) and you may FHA’s Home loan Premium (MIP)?