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Paying premium to assume FHA 2.5 percent 450k mortgage for 600k property, need help with calculating apr after PMI. thanks

Paying premium to assume FHA 2.5 percent 450k mortgage for 600k property, need help with calculating apr after PMI. thanks

Would like to know effective apr after 300 a month MIP.

I'm getting cold feet on deal, paying 30 to 40k premium, but with such a low rate, along with inflation rising, I think it's worth it. thanks

submitted by /u/sythernod01
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source https://www.reddit.com/r/RealEstate/comments/1c2z7u9/paying_premium_to_assume_fha_25_percent_450k/
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