PMI fees are generally expressed as a percentage of the loan amount. They can range from about 0.3% to 1.15% of the amount being borrowed. This is the amount you pay each year. (Example: a $300,000 home loan with an annual insurance rate of 0.5% would have $1,500 added onto it every year.Monthly, this would come out to an extra $125 per mortgage payment.).FHA Loans. The cost of FHA mortgage insurance is a bit more complicated.Example: a $300,000 home loan with an annual insurance rate of 0.5% would have $1,500 added onto it every year. Monthly, this would come out to an extra $125 per mortgage payment.). FHA Loans. The cost of FHA mortgage insurance is a bit more complicated.
-Trusses vary in terms of cost. One study showed that trusses installed in Boston cost an average of $3.87 per square foot of building area, while the same trusses in New York City cost $4.42. In Raleigh, they cost $2.59 per square foot of building area.
3. Structure-the majority of the cost of a home is in the structure. Simplify the structure and you lower the cost per square foot of a home.I once built a 2,400 square foot home that had $15,000 trusses, whereas most of the 2,400 square foot homes we build have trusses of $9,000. Comparing the same homes again, the windows in the more expensive home cost $32,000.irst, I state that I have built homes before for $94 per square foot all the way up to a home I built for $156 per square foot.