FHA On the web Financial Calculator: How it functions Funded Upfront Financing Costs After you have financed your Initial MIP multiply the result you got because of the (1 + brand new Upfront MIP Money Fee percentage). In this particular instance it might be step one + 0.0225 = step 1.0225. Get your monthly MIP by the separating so it effects by the a dozen so you can get just how much for every single fees perform ask you for.