FHA Risk Based Premium Increase Update Includes Graph Showing How Much More 95% LTV Borrowers Will Pay.

I have updated the FHA risk based insurance premium increase example to version 1.1, HERE.

Update illustrates that ALL new 95% LTV borrowers will pay more--anywhere from $310 to $1,069 more --over 5 years for FHA insurance, using a $200,000, 6.5% loan example. Increased amount paid will be solely determined by borrower credit score.

The update

1. Adds rows that show the $$ impact over 5 years, including a breakout for total premium change, upfront premium change, and monthly premium change using a $200,000, 6.5% FHA loan example.
2. Adds a second page graph that shows how the total premium increase varies by credit score for ALL 95% LTV borrowers, using the example loan amount and interest rate.
   
3. Adds a note indicating that 95% LTV first time borrowers only with a credit score of 500-599 can reduce their one time mortgage insurance premium to 2% by taking a HUD approved counseling course.