PMI vs MIP Explained Simply

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Confused about PMI vs MIP?

Here’s the simple version:

PMI = Mortgage insurance on Conventional loans (often removable once equity builds).
MIP = Mortgage insurance on FHA loans (includes upfront + monthly components).

Neither is “good” or “bad.” It depends on your credit profile, down payment, and long-term plan.

The right strategy is personal — not one-size-fits-all.

If you’d like help comparing options for buying in Fresno, Clovis, Visalia, Bakersfield, or anywhere in the Central Valley, I’m happy to walk through it.

For more information Click Here

Rob Clark
Home Loan Consultant
Firestone Financial Group

 209-227-7745
 559-476-9279
 rbrtclark53@gmail.com
 www.robertclarkloans.com

NMLS #357788
DRE #01148307
Equal Housing Lender