Mortgage Insurance
What is upfront FHA MIP?
Short answer
A 1.75% one-time mortgage insurance premium charged on every FHA loan, calculated on the base loan amount. Almost always financed into the loan.
Plain-English explanation
The upfront MIP is paid to HUD at closing. Financing it adds to the loan balance — that's why FHA loan amounts often look slightly higher than the down-payment math suggests.
What can change the answer?
Loan term, LTV at origination, HUD's published MIP schedule at the time of origination, and refinance options can change the long-term cost.
Want the real answer for your file?
FHA guidelines are the rule. Your credit, income, payment, property, and county limit are what decide the actual answer.
More FHA questions on Mortgage Insurance
Educational only. FHA guidelines, lender overlays, rates, fees, and underwriting requirements can change. Final eligibility depends on full underwriting review.