InstantForum.NET v4.1.4Calyx Software Message Boardhttp://messageboard.calyxsupport.com/support@calyxsoftware.comWed, 07 Jan 2009 18:18:56 GMT20http://messageboard.calyxsupport.com/Topic4164-14-1.aspxThat's correct, that is how you enter in the factors that allow Point to calculate the monthly MIP, however the resulting monthly amount does not equal the amount that results when running the same scenario through the SFPCS periodic premium calculation, which is the only calculation that's been in effect since May 1, 1998 that I can find. HUD states there is no tolerance in the amount of the premiums. Since Point's calculations consistently do not match the SFPCS calculations, my question is what calculation are they using?Mon, 22 Jan 2007 10:28:32 GMTsusanhhttp://messageboard.calyxsupport.com/Topic4164-14-1.aspxThe way I was taught was:<br><br>1. On the "borrower information" screen -> click "mtg insurance" at the bottom of the page<br>2. enter 1.5 in the "MM, FF" field<br>3. enter .5 in the "1." field of "Monthly Mortgage Insurance Premium"<br>4. calculate based on "loan amount"<br>Fri, 19 Jan 2007 15:29:26 GMTjstrausshttp://messageboard.calyxsupport.com/Topic4164-14-1.aspxI am unable to get the monthly MIP premium amount in Point to match the amount calculated using HUD's SFPCS Periodic premium calculation. Here's the link for the calculation method dictated by HUD: <P><A href="http://www.hud.gov/offices/hsg/comp/premiums/sfpcalc.cfm">http://www.hud.gov/offices/hsg/comp/premiums/sfpcalc.cfm</A></P><P>The table in the example provided by HUD is dated and I do use the current .0150 UFMIP factor in my calculations. Is there a more current calculation than the one referenced above?Fri, 22 Dec 2006 13:55:23 GMTsusanh