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Is the MPI on just the cost of house before all other cost and interest added?

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Is the MPI on just the cost of house before all other cost and interest added?

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  1. wrong forum to be asking this question but...

    MPI is based on the loan amount only. If your loan is at 80% or greater MPI is charged. Less than 80% and there is no MPI.

    Hope it helps.

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