FHA Loan details and questions

[Colby Zeller]

Hi BP community, I have some questions about the FHA Loan Mortgage Insurance premium, and other relative cost when using this house hacking method. I plan on buying either a Multi-family/Single-family home to make my main residence, then using FHA methods to finance the property. I was looking into the loan details and saw there is an added insurance premium added on to your monthly payments, and was wondering if this is accurate information. Any thoughts or details given would be greatly appreciated !