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Updated over 5 years ago,
FHA Loan - Conflicting Information
Hey good evening :)
I've been receiving conflicting info on the FHA fees, or maybe I'm just confused. Is there an upfront cost as well as well as a monthly premium? How are each of them calculated?
I am currently looking into a house hack opportunity in Connecticut. The loan would probably be about $200,000. What would be the breakdown in cost? (In reality, the purchase price is about $150,000 with another $50,000 in construction. I understand construction loans have a whole different set of rules, but I'm trying to keep it simple, to better understand the FHA fees.)
Thanks for your time!