6.167% PAR Rate (For FICO Scores of 660 to 850)
Your Incredible Lender says go for the PAR Rate 6.167%
Rates effective as of Friday, April 26, 7:30 AM Mountain Time
(For more details on this rate, scroll down to the bottom of this page)
5.375 | 3.394 | 3.394 | $17,206.78 | $2,838.92 | $227.14 | $3,066.06 |
5.500 | 2.748 | 2.748 | $13,931.71 | $2,878.56 | $227.14 | $3,105.70 |
5.625 | 2.130 | 2.130 | $10,798.60 | $2,918.44 | $227.14 | $3,145.58 |
5.750 | 1.543 | 1.543 | $7,822.65 | $2,958.58 | $227.14 | $3,185.72 |
5.875 | 1.286 | 1.286 | $6,519.72 | $2,998.96 | $227.14 | $3,226.10 |
6.000 | 0.712 | 0.712 | $3,609.67 | $3,039.58 | $227.14 | $3,266.72 |
6.125 | 0.172 | 0.172 | $872.00 | $3,080.44 | $227.14 | $3,307.58 |
6.167 | 0.000 | 0.000 | $0.00 | $3,094.23 | $227.14 | $3,321.37 |
6.250 | -0.341 | -0.341 | ($1,728.79) | $3,121.54 | $227.14 | $3,348.68 |
6.375 | -0.511 | -0.511 | ($2,590.65) | $3,162.87 | $227.14 | $3,390.01 |
6.500 | -1.008 | -1.008 | ($5,110.32) | $3,204.44 | $227.14 | $3,431.58 |
6.625 | -1.474 | -1.474 | ($7,472.83) | $3,246.23 | $227.14 | $3,473.37 |
6.750 | -1.913 | -1.913 | ($9,698.46) | $3,288.24 | $227.14 | $3,515.38 |
6.875 | -1.406 | -1.406 | ($7,128.09) | $3,330.47 | $227.14 | $3,557.61 |
7.000 | -1.847 | -1.847 | ($9,363.86) | $3,372.93 | $227.14 | $3,600.07 |
7.125 | -2.261 | -2.261 | ($11,462.74) | $3,415.59 | $227.14 | $3,642.73 |
7.250 | -2.648 | -2.648 | ($13,424.74) | $3,458.47 | $227.14 | $3,685.61 |
7.375 | -1.915 | -1.915 | ($9,708.60) | $3,501.56 | $227.14 | $3,728.70 |
7.500 | -2.304 | -2.304 | ($11,680.74) | $3,544.85 | $227.14 | $3,771.99 |
7.625 | -2.667 | -2.667 | ($13,521.06) | $3,588.35 | $227.14 | $3,815.49 |
7.750 | -3.000 | -3.000 | ($15,209.30) | $3,632.04 | $227.14 | $3,859.18 |
7.875 | -2.013 | -2.013 | ($10,205.44) | $3,675.93 | $227.14 | $3,903.07 |
8.000 | -2.348 | -2.348 | ($11,903.81) | $3,720.01 | $227.14 | $3,947.15 |
8.125 | -2.662 | -2.662 | ($13,495.71) | $3,764.29 | $227.14 | $3,991.43 |
8.250 | -2.959 | -2.959 | ($15,001.43) | $3,808.75 | $227.14 | $4,035.89 |
Note: All FHA Loans have 2 different Mortgage Insurance Premiums:
1. UFMIP (Up Front Mortgage Insurance Premium) 1.75% of the loan amount & added to the loan amount.
2. MIP (Monthly Mortgage Insurance Premium which is 0.00055%)
Mortgage Term of More Than 15 Years | ||
LTV | MIP (bps) | Duration |
≤ 90.00% | 50 = .0055 | 11 Years |
> 90.00% but ≤ 95.00% | 50 | Mortgage Term |
> 95.00% | 55 | Mortgage Term |
NOTE: Paying down your mortgage on FHA loans will not remove the MIP payment.
The Annual MIP is calculated for each year by taking the average of the 12 balances for that year.
(before the UFMIP amount) and multiplying it by the applicable rate percent (50 or 55 in table above).
This amount is then divided by 12 for the monthly MIP payment.