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Illinois FHA Loan & Funding Fee Calculator |
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Illinois County |
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Number of Living Units |
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Sales Price |
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Down Payment = |
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Term |
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FHA Maximum Mortgage Amount |
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Base Mortgage Amount |
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FHA Funding Fee (UFMIP) + |
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Mortgage Amount (Final) = |
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Monthly Mortgage Payment |
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Principal & Interest |
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Annual Real Estate Taxes |
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Annual Homeowners Insurance |
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Other |
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FHA MIP = |
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MONTHLY MORTGAGE PAYMENT = |
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Based on January 9, 2015 change |
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Monthly Mortgage Insurance (MIP) Calculation |
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Base Loan Amount |
LTV |
Effective |
Annual MIP |
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≤ $625,500 |
≤ 95.00% |
1/26/2015 |
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≤ $625,500 |
> 95.00% |
1/26/2015 |
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> $625,500 |
≤ 95.00% |
1/26/2015 |
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> $625,500 |
> 95.00% |
1/26/2015 |
1.05% |
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Base Loan Amount |
LTV |
Effective |
Annual MIP |
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Any loan amount |
< 78.00% |
6/3/2013 |
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≤ $625,500 |
78.01% - 90.00% |
4/1/2013 |
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≤ $625,500 |
> 90.00% |
4/1/2013 |
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> $625,500 |
78.01% - 90.00% |
4/1/2013 |
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> $625,500 |
> 90.00% |
4/1/2013 |
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